Q: Does the insurance have to total a vehicle if the repair costs surpass the Total Loss Threshold? Asking in Oklahoma.
The Total Loss Threshold is 60% in Oklahoma, the repair costs are currently around $25,000, the vehicle's value is around $37,000-$39,000.
Would they legally have to total it since it is over 60%?
This is really a question for an Oklahoma attorney, but your post remains open for four weeks. As a general matter without regard to any state-specific considerations, this issue comes up regularly in total loss determinations. Different states may use different thresholds. But where provided for under state law, carriers can total out the car when repairs exceed their set thresholds. Unfortunately, it's a business decision that sometimes doesn't recognize parts invested in a car, or attachment to a car. Good luck
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