It will heavily vary on your premium and by state. However, for standard policies, the insurance provider will usually first evaluate if the damages are at a total loss or if repairable. In the case of vehicular accidents, if your vehicle is a total loss, you can then be entitled to that actual cash value of your car up to your specific policy limits.
However, if it is repairable, you are entitled to the amount it will take to have it fixed and depreciation loss when applicable. If the cost to repair the damage is 75% or more of the value of the damaged property, it is usually considered a total loss.