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How Does Insurance Calculate Value of Totaled Car

When you get in an accident, your car may be totaled. Depending on the severity of the accident, the insurance company may require photos or a written report before they will give you a settlement. In this blog post, we will show you how insurance calculates the value of a totaled car. By understanding the process, you can better prepare for any negotiations that may ensue.

The Basics of Car Insurance How Does Insurance Calculate Value of Totaled Car

How does insurance calculate the value of a totaled car?
The general rule is that the car’s value is based on its remaining miles, year and make. The company will also take into account any special features or modifications to the car. For example, if the car has a tonneau cover, the company may assign a higher value to that feature.

Total Loss Value

The value of a totaled car can be difficult to determine. To calculate this value, insurance companies use a number of factors, including the age, make, and model of the car; the condition of the car when it is totaled; and how much was paid for the car. In some cases, insurance companies may also factor in any available salvage or repair values.

How to Calculate Your Totaled Car Value

If you have a totaled car, the insurance company will likely calculate the value of your car based on its Kelley Blue Book value. However, there are some factors that can affect the final value of your car. The following are four tips to help you get a better idea of the car’s total value.

1. Inspect the Car for Damage
First and foremost, inspect your car for any visible damage. This includes dents, scratches, and broken lights. If there is significant damage, it may reduce the overall value of your car.

2. Consider Extras like Title and Registration
Title and registration can also add extra value to a car. If your car has no major physical damage but does have title and registration, the insurance company may give it a lower value because they consider these items as part of the vehicle’s worth.

3. Check for Used Car Values Online
Another way to get an estimate of your car’s total value is to look online at used car prices. Many sites allow users to enter in specific details about their car (model, year, etc.), which will give you an idea of how much someone is currently paying for that same model and year in similar condition.

4. Ask Your Insurer for a Estimate Before Towing or Selling Your Car
Last but not least, always ask your insurer for an estimate before towing or selling your wrecked or totaled car. They may be able to provide you with a ballpark figure that is closer to the actual car’s value.


If you own a car and have had it in your name for more than two years, the insurance company has to value your car according to state law. This is known as the “totaled car” value. The amount that your insurance company will pay out depends on a few factors, including how much your car is worth and whether or not it’s been declared a total loss by the insurance company. If you’re interested in learning more about how your insurance company values your car, be sure to ask them when you file a claim.

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