Total Vehicle Loss in Colorado

total-loss-car-insurance-settlement-coloradoStatistics from the Colorado Department of Transportation show that there were over 118,000 car accidents in 2017.

If you are one of the thousands involved in a car accident in Colorado, you may experience enough damage to your vehicle for it to be declared a total loss.  In the state of Colorado, a percentage threshold is used to determine total vehicle loss as a car is considered totaled if it will cost as much as 100 percent of the market value of the vehicle to have it repaired.

Your vehicle will be considered totaled under Colorado law if the cost of repairs plus the salvage value of your vehicle matches or exceeds the pre-crash value of your car.  The market value of your vehicle is determined by your insurance company based on the retail prices of vehicles of a similar year, make, model, and condition.  You should expect to receive a fair total loss car insurance settlement from your insurance provider for the actual cash value of your vehicle.

At Anderson + Wanca, our attorneys can assist those in Colorado with their total loss vehicle claims.  We understand the applicable total loss laws and will ensure that the totaled car value you receive is fair.  We will review your total loss claim, insurance policy, replacement care invoice, and applicable fees and taxes to ensure a fair settlement.

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Total Loss Claim Settlements in Colorado

When an accident occurs in Colorado, the drivers involved must file an insurance claim and their cars are sent to a body shop for repairs.  The body shop will send an estimate for the repairs to your insurance provider, and they will decide if your car is totaled based on this estimate and the market value of your car.

Once your insurance company or the insurance provider of the at-fault driver declares your car totaled, they will pay you the market value for your vehicle.  They are also responsible for applicable taxes and fees if you buy a replacement vehicle.

What Happens When Your Insurance Totals Your Car?

Your insurance company will first determine the actual value of your vehicle at the time of the accident as well as the salvage value, or the value of the vehicle in its damaged state.  If the salvage value plus the estimate for repair costs is equal to or more than the market value of your vehicle, your insurance company is legally required to declare it totaled.

The insurance company then must pay you the market value of your vehicle and cover the following applicable fees and taxes:

  • Sales tax
  • Title transfer
  • Vehicle registration
  • License plate transfer
  • Other mandatory Colorado fees

If the vehicle total loss settlement does not match the market value of your car or the taxes and fees are not accounted for, you may be entitled to a bigger settlement.

Anderson + Wanca Total Loss Vehicle Claims

At Anderson + Wanca, we can help those in Colorado who are filing a total loss vehicle claim.  Our attorneys understand the applicable laws for total vehicle losses, and we will make sure you get a fair settlement for your vehicle.

We will review your settlement documents, insurance policy, and invoice for your replacement vehicle to ensure that you are getting a fair settlement.  If the settlement is less than the compensation you deserve, we will push for a larger settlement.

Give Anderson + Wanca a call at (888) 505-0953 or email us at

We work with licensed attorneys throughout the U.S.

Total Vehicle Loss

If you have sustained a total vehicle loss in the state of Colorado, we would be happy to review your settlement documents, your insurance policy, and the invoice for your replacement vehicle to determine if you are owed additional money.

Contact us today by submitting the form below.