Total Vehicle Loss in Virginiatotal loss car insurance settlement virginia

According to the Virginia Department of Motor Vehicles, more than 100,000 car accidents occurred in the Commonwealth of Virginia in 2020.

Car accidents almost always result in damage to the vehicles involved and if enough damage occurs, a vehicle may be declared a total loss.  Total loss vehicles are determined by a total loss formula (TLF) in Virginia that factors the actual cash value of the vehicle before the accident, the salvage value after the accident, and the cost of repairs.

In Virginia, vehicles are declared a total loss if the cost of repairs plus the salvage value are at least 75 percent of the actual cash value.  Factors such as vehicle condition, age, mileage, make, and model will be used to calculate the actual cash value of a vehicle and its value in its wrecked state is the salvage value.  These values will be determined by the insurance companies, and they may consult additional resources and professionals.

At Anderson + Wanca, our attorneys can help those filing total loss car insurance settlements in Virginia.  Insurance companies are supposed to factor in applicable taxes and fees when determining your settlement as well as the values of your vehicle.  Our attorneys will ensure that you are getting a fair settlement that accounts for these taxes and fees by reviewing your settlement and other related documents.

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Total Vehicle Loss Settlements in Virginia

All drivers must immediately file claims with their insurance companies after a traffic accident occurs.  The actual cash value and salvage values of the vehicles involved will be determined by the insurance companies who may also consult additional experts such as an auto body shop for a repair cost estimate.

If your vehicle is considered a total loss, you should receive a settlement for the actual cash value of your vehicle from your insurance company or the insurance of the at-fault driver.  This settlement should also include applicable taxes and fees for a replacement vehicle.

What Happens When Your Insurance Totals Your Car?

The actual cash value of your vehicle is determined by your insurance company based on the pre-accident condition of your vehicle, make, model, year, and mileage.  The salvage value of your vehicle in its wrecked state and the cost of repairs are then determined and compared to the actual cash value of your vehicle to tell if your vehicle is a total loss.

In addition to the actual cash value of your vehicle, your vehicle total loss settlement should include the following taxes and fees:

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

The total of your settlement may be affected if the insurance company does not include these taxes and fees.

Total Loss Vehicle Claims with Anderson + Wanca

At Anderson + Wanca, our attorneys are prepared to help those in Virginia with their total vehicle loss claims.  We are familiar with all applicable laws and have experience with total loss cases so we can ensure that you get a fair settlement.

We will review settlement documents, replacement vehicle invoices, your insurance policy, and applicable taxes and fees.  If your settlement does not cover all of the taxes and fees, we can negotiate on your behalf to get a fair total vehicle loss settlement.

Give the attorneys of 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 Virginia, 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.