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Depends on your insurance.
Some insurance companies "total" a vehicle if the cost of repairs is greater than the value of the car at the time of the accident; the value of the vehicle is based on a valuation list from a company like Kelly Blue Book or NADA's guide (though I'm sure many insurance companies use other sources as well) or independent assessors.*
Other agencies base it on a percentage of the repairs costs.
Also, a lot of insurance companies also take into consideration ancillary costs like the expense of a rental vehicle (depending on coverage).
I'm not entirely sure on this, but I think in some states you are entitled to get a second opinion for both vehicle value and damage repair costs.
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