bad news everybody...
I just got off the phone with State Farm. The adjuster was wrong - the estimate came in at $8000, and that's only after the visual inspection. So the "actual" costs of repairing the car would be more once the car starts getting torn down. The car is totaled.
After all the taxes and deductible and everything, State Farm is able to cut me a check for $10k for the car. If I decide to buy it back, they'll give me the car and $8200. As much as I want to repair the car because I love my p5, I don't really have to time to make it work. Plus it will have a salvaged titled which means balls for resale value. Furthermore, CT law makes it really difficult to register the car once it's been repaired. Once the car has been repaired, I can't drive it to the DMV, I have to have it flatbedded to the DMV for inspection. And then if it passes, I can finally register it.
So after all is said and done, I think it would be best to call it totaled and just take the cash and look for another car. Unless anybody has any really clever ideas...