Total Loss Threshold by State

Total Loss Blog
The Total Loss Threshold is the dollar amount or percentage of value that triggers an automobile’s being declared a total loss. This amount differs from state to state, please review the table below: The total loss formula TLF is as follows: Cost of Repair + Salvage Value > Actual Cash Value So, unless a percentage is established by law, insurers will use the total loss formula. Alabama 75% Alaska TLF Arizona TLF Arkansas 70% California TLF Colorado 100% Connecticut TLF Delaware TLF Florida 80% Georgia TLF Hawaii TLF Idaho TLF Illinois TLF Indiana 70% Iowa 70% Kansas 75% Kentucky 75% Louisiana 75% Maine TLF Maryland 75% Massachusetts TLF Michigan 75% Minnesota 70% Mississippi TLF Missouri 80% Montana TLF Nebraska 75% Nevada 65% New Hampshire 75% New Jersey TLF New Mexico TLF New York 75%…
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