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Does state farm insurance use the trade in value or retail of a car to determine if totaled?

State Farm, like most insurance companies, uses the Actual Cash Value (ACV) of a car to determine if it's totaled. ACV is the amount that the car would sell for on the open market, taking into account its age, condition, mileage, and other factors.

If the cost to repair a car exceeds the ACV, the insurance company will usually declare it a total loss and pay the insured the ACV. However, there are some cases in which a car may be considered a total loss even if the cost to repair it is less than the ACV. For example, if a car is considered to be unsafe to drive or if it has been damaged beyond repair, the insurance company may total it.

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