If your car is totaled or stolen, your insurance company will reimburse you based on the actual cash value of the car — minus your deductible. This is the price you’d expect to fetch if you sold the vehicle today. It’s very different from the amount you’d need to replace the vehicle with a newer car of the same make and model, because actual cash value (ACV) factors in depreciation. Here’s a look at how actual cash value works and some tips to maximize your car’s ACV. Learn more: How does car insurance ...