(a) This section enumerates standards which apply to adjustment and settlement of automobile insurance claims. (1) the words "automobile" and "vehicle" are used synonymously. (b) In evaluating automobile total loss claims the following standards shall apply: (1) The insurer may elect a cash settlement that shall be based upon the actual cost of a "comparable automobile" less any deductible provided in the policy. This cash settlement amount shall include all applicable taxes and one-time fees incident