Totaled Car Value Calculator (2022)

A totaled car value calculator is a way of finding your car’s actual cash value after you’ve been in a car accident. Since there is not one universal calculator, you’ll want to do your research to make sure what it’s worth before you get an offer from your insurance company.

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Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Dec 22, 2021

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The Rundown

  • A totaled car value calculator lets you know how much your totaled car is worth
  • Many different factors go into deciding whether your car is totaled
  • Once your car is totaled, only certain insurance coverages will help you financially

If you are in a car accident, there’s a chance you will hear that your car has been totaled. Having a totaled car essentially means that your car is not worth repairing.

If your car has been totaled, you may be curious how much the car is worth. This is where a totaled car value calculator comes in. A totaled car value calculator tells you what your vehicle is actually worth if your car is totaled.

If you are looking for car insurance coverage that will help you if your car is totaled, you should shop around for free insurance quotes online to compare different car insurance rates that offer full coverage. You can use our free quote tool above to get rates for car insurance that would help you if your car is totaled.

What is a totaled car value calculator?

If you are in a car accident, you can determine your car’s actual value with a totaled car value calculator. Normally, determining your car’s worth is not all that difficult. But if you’ve been in a car accident, it will take some help to determine what your damaged or totaled car’s value truly is.

The actual cash value (ACV) of your vehicle once you’ve been in an accident is what you’re ultimately determining with a totaled car value calculator. Your vehicle’s ACV is the replacement cost of your car minus depreciation, wear and tear, and other damage that had been previously documented before an accident.

You will want to determine your car’s ACV because it will likely impact how much your insurance company will pay for your car.

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How do I know if my car is totaled?

You have probably heard about a car being totaled before. This term really has everything to do with insurance claims.

There is no one way to determine how much damage it takes to total a car. Totaling a car is essentially stating that it is not justifiable to repair a car because of its year, make, mileage, and more.

It would potentially be more of an investment to repair the car than the car is actually worth. You cannot determine whether your car is totaled. Only an insurance company can make this determination.

Knowing your car’s ACV can ultimately help you get the absolute most from your insurance company and will help you understand your financial obligations and rights after a car accident.

How can I use a car value calculator to know my car’s ACV?

There is not one standard total loss car value calculator that insurance companies use to determine how much your car is worth. Instead, you can research how much other dealerships are selling your car for. You can also look at Kelly Blue Book and other companies to see what they say as far as your car’s actual ACV.

If you want to let your insurance company know how much you believe your car is worth, you should get a list of examples of your car listed for sale online. The closer these cars match yours in mileage, year, and wear and tear, the better. Another thing you can do to help your insurance company understand your car’s worth is to provide any and all documentation you have with regard to upgrades and repairs.

If you took your car in for transmission repairs, if you added new rims, or if you updated the stereo, be sure to prove that to your insurance company. This could help you get more money for your totaled vehicle.

How much will insurance pay for my totaled car?

At some point, it’s important to consider the types of coverage you have on your vehicle. Standard car insurance coverages with most companies include:

  • Liability
  • Uninsured/underinsured
  • Comprehensive
  • Collision
  • Medical payments
  • Personal injury protection

When it comes to car insurance companies paying for a totaled car, we want to look at liability, comprehensive, and collision coverage. If you have car insurance that simply meets your state’s minimum requirements, your insurance company will not be obligated to pay you anything for your totaled vehicle.

If you have comprehensive insurance, which covers damage from storms or theft, and you’re in an accident, your insurance may not pay you for your totaled vehicle. Similarly, if you have collision insurance, but your car is totaled after a tree falls on it, your insurance company may not be obligated to pay you any money.

The safest bet when it comes to car insurance is to purchase full coverage car insurance which includes, liability, collision, comprehensive, and more. But these policies cost more, which is why many people choose to do it differently.

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What is gap coverage?

If you have a brand new car, gap coverage helps to cover the difference between your car’s actual value and what you still owe on it. You could be in an accident in which your car is totaled, and you still owe $27,000 on it when its actual cash value is now $22,500.

The gap coverage you have on your car would pay the additional $4,500 that your standard car insurance would not. This way, you don’t end up upside down in your car loan. Gap insurance is required in certain instances by dealerships or finance companies. However, unless you’re driving a car right off the lot, gap insurance may not be necessary for you.

How can I find the best totaled car value calculator?

Since there isn’t a standard car value calculator online, you’ll have to do some research to find your totaled car’s ACV. Though it sounds like a lot of work, you’ll be happy you took this step when you can compare your number to what your insurance company is offering you to make sure it’s both comparable and fair.

If you do not have full coverage on your car but you’re worried about the aftermath of a car that is totaled, it’s a good idea to shop around online and compare car insurance from different companies.

You can use our free quote tool below to find and compare car insurance quotes from top companies in your area.

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