How Much Should Insurance Pay For Totaled Car. The report should have some online valuation, with 2 or three. Work out 20 to 40 percent of the fair condition value, depending on how bad your total loss car’s condition is.
A vehicle worth around $10,000 is typically a total loss when the cost of repairs is $7,000 to $7,500. Because you no longer have the car, however, you must pay off the loan before you get another one. The amount the insurance company pays on your totaled car has nothing to do with any loan balance.