About This Calculator
Our Car Total Loss Value Calculator is a free tool designed to help vehicle owners understand the true value of their car when an insurance company declares it a total loss.
Why We Built This
When your car is declared a total loss, the insurance company provides a settlement offer based on their valuation of your vehicle. Unfortunately, this offer isn't always fair. Many car owners accept the first offer without understanding whether it accurately reflects their vehicle's worth.
We created this calculator to give you an independent estimate of your vehicle's Actual Cash Value (ACV) so you can make informed decisions about your settlement.
How Our Estimates Work
Our calculator uses widely accepted depreciation models and adjustment factors:
- Standard depreciation: New vehicles lose approximately 20% in the first year, 15% in the second year, and about 12% per year thereafter.
- Condition adjustment: Excellent condition adds 10%, good is baseline, fair reduces by 10%, and poor condition reduces by 20%.
- Mileage adjustment: Vehicles driven less than 12,000 miles per year receive a 5% bonus, while high-mileage vehicles (over 20,000 miles/year) receive a 10% reduction.
- Modifications: Documented upgrades and recent improvements are added to the estimated value.
Disclaimer
This calculator provides estimates only and should not be considered legal, financial, or insurance advice. Actual vehicle values depend on many factors including local market conditions, vehicle history, demand, and other variables that cannot be fully captured by any online tool.
For important decisions about your insurance claim, we recommend consulting with a qualified insurance professional, appraiser, or attorney.
Contact
Have questions or feedback about our calculator? We'd love to hear from you. Reach out through our blog or visit the calculator page to get started.