My parked car was hit the other day and my initial estimate for repair is 19.3K. For reference it is a 2021 Honda Civic Sport with 48K miles. Normal wear and tear for the car. At what percentage of damage vs the value of the car will GEICO in California declare a car a total loss?
When Does GEICO Claim a Car as a Total Loss in California?
byu/notgknows94 inInsurance
Posted by notgknows94
6 Comments
Most likely it will be a total loss. My vehicle was 2022 Mazda cx-9 ACV $28,500. Repair cost $19,239. Once vehicle repair excess 75% of ACV it should be determined TL. Usually most states are 70%-75%.
They HAVE to make it a total loss at 100%. Most companies begin thinking about totaling it in the 80% range.
If the initial repair is nearly $20k, the final repair bill will more than likely be close to $30k. You don’t want a car with that amount of damages anyway.
Most states don’t have a threshold, it’s up to the insurance company. Most companies use salvage plus estimated plus likely supplements.
If it’s even close it’s getting totaled.
Your owed acv, it’s a total shit show when you end up with EC on a claim so no one wants to go there
If you don’t like it you got two options. Withdraw or ORS
https://totallossappraisals.com/total-loss-threshold-by-state/
You want it to be a total loss. With a $19K initial estimate, you’ll never be happy with the way the car looks and runs if it’s repaired. Its resale value will plummet as well. Start looking for comparable vehicle sales to compare with what your adjuster presents. Just make sure they are actual sales and not asking price listings.