Home
Back
Write Off = Repair > Value
| From: | To: |
A car write off occurs when the cost of repairing a damaged vehicle exceeds its current market value. Insurance companies typically declare vehicles as write offs when repair costs reach a certain percentage (usually 50-70%) of the vehicle's pre-accident value.
The calculator uses a simple formula:
Where:
Explanation: If repair costs exceed the vehicle's value, it's typically considered a write off as it's not economically feasible to repair.
Details: Determining if a vehicle is a write off helps insurance companies, vehicle owners, and repair shops make informed decisions about whether to repair or replace a damaged vehicle, considering both economic and safety factors.
Tips: Enter accurate repair estimates and current market value of your vehicle. Use the same currency for both values. Get professional estimates for repair costs for accurate results.
Q1: What percentage typically constitutes a write off?
A: Most insurers consider vehicles write offs when repair costs exceed 50-70% of the vehicle's value, though this varies by insurer and jurisdiction.
Q2: Can I repair a written off vehicle?
A: In many jurisdictions, written off vehicles can be repaired and re-registered, but they may require special inspections and will have a branded title.
Q3: How is vehicle value determined?
A: Insurance companies typically use market value based on age, mileage, condition, and comparable sales in your area before the accident.
Q4: Are there different categories of write offs?
A: Yes, many regions categorize write offs based on severity of damage (e.g., repairable, structural, non-repairable).
Q5: What happens if my car is written off?
A: Typically, the insurance company will pay you the vehicle's pre-accident market value minus any deductible, and then take possession of the vehicle.