Most people whose cars are totaled will lose money. Cars are depreciating assets, which means they lose value continuously from the moment of purchase until the time of the accident.
One of the things that you can do to maximize the value of your totaled vehicle is to research it online at www.kellybluebook.com to determine its true market value. It is important for vehicle owners to input the vehicle information since you are the best person to assess the previous condition of the car, its mileage, the condition of the interior and any additions made to the vehicle to enhance its value. Once this information has been entered, the site will provide a range estimating the value for your vehicle.