Totaled Car Value Calculator
Based on local comparable sales (ACV).
Amount you pay out of pocket.
Required in most states for replacements.
Transfer costs covered by insurance.
No (Insurance takes it)
Yes (Owner retain)
The "scrap" value of the vehicle.
Base Vehicle Value (ACV):
Sales Tax Reimbursement:
Fees & Registration:
Less Deductible:
Less Salvage Value:
Estimated Total Payout:
How Is a Totaled Car's Value Determined?
When an insurance company declares a vehicle a "total loss," it means the cost to repair the vehicle plus its salvage value exceeds a certain percentage of the car's Actual Cash Value (ACV). Typically, this threshold is between 70% and 80% of the market value, though some states use a "Total Loss Formula" (TLF).
The Formula for Insurance Payouts
The calculation for your settlement check generally follows this logic:
Settlement = (Market Value – Deductible + Applicable Sales Tax + Title/Registration Fees)
If you decide to keep your vehicle (Owner Retention), the insurance company will also subtract the Salvage Value from that total, as they cannot sell the car to a scrap yard themselves.
Key Factors Impacting Your Settlement
- Comparable Sales: Adjusters look at what similar makes and models with similar mileage sold for in your local area recently.
- Vehicle Condition: Pre-existing damage, tire tread depth, and interior cleanliness can add or subtract a few hundred dollars.
- Mileage Adjustments: Higher than average mileage for the year of the vehicle will decrease the ACV.
- Aftermarket Parts: Unless you have a specific rider for custom equipment, insurance usually only pays for OEM standard values.
Example Calculation
Imagine your 2018 Sedan has a market value of $20,000. You have a $500 deductible and live in a state with 8% sales tax. If the car is totaled and the insurance company takes it, your payout would be: $20,000 (Value) + $1,600 (Tax) + $100 (Fees) – $500 (Deductible) = $21,200.