Bill > SB1920

This bill, effective November 1, 2026, amends Oklahoma law to increase the percentage of damage a vehicle must sustain before its title is considered "salvage," meaning it's deemed a total loss by an insurance company and requires a special title. Specifically, the bill changes the threshold from sixty percent (60%) to seventy percent (70%) of the vehicle's fair market value. This means that if the cost to repair a damaged vehicle for safe operation on the highway exceeds seventy percent (70%) of its value, it will be classified as a total loss, and its title will be returned to Service Oklahoma (the state's motor vehicle agency) to be reissued as a salvage title. The bill also makes minor updates to statutory language and references, including clarifying that vehicle identification numbers (VINs) will be preserved electronically by Service Oklahoma.