My car was totaled: What next? - Accident Agents

“Help! My car was wrecked!”

Accident Agents understands how stressful and confusing it can be to suddenly have no transportation after your car is totaled. We encourage you to call us for immediate assistance with transportation and for help contacting medical and legal resources in and around Tampa Bay.

FAQs About Totaling Your Car

Will My Insurance Company Pay for Repairs?

If you have full coverage on your vehicle, it may pay for repairs depending on your policy. However, most auto insurance companies abide by the “80 percent” rule. For example, if your car was worth $15,000 at the time it was totaled, insurance adjusters will determine if repair costs exceed $12,000, which is 80 percent of $15,000. In other words, your insurance company could pay for repairs or they could declare your car totaled and pay you what the car was worth at the time of the accident.

I Don’t Agree With What My Insurance Company Says My Car is Worth. How Do They Determine a Vehicle’s Value?

Factors considered by auto insurance adjusters when deciding a vehicle’s value include condition, mileage, history of being involved in accidents and what Kelley’s Blue Book says is the market value of the car.

I Still Owe Thousands of Dollars on My Car Loan. Do I Have to Keep Paying On the Loan If My Car is Totaled?

Unfortunately, you are legally obligated to pay off a car loan even though the car has been totaled. In the best case scenario, your insurance company will give you 80 percent of the vehicle’s value which you can use to pay down or pay off the loan. The only way possible you might be able to get out of paying off a loan on a car that’s been totaled is to file bankruptcy if you have many other outstanding debts. If you have gap insurance, your insurance company may cover the difference between the car’s disposable value and loan amount.

My Car Was Totaled by Another Driver. Can I Sue the Driver to Pay for Repairs?

If the other driver had valid auto insurance at the time of the accident, you may be compensated for all or some of the damage to your car. In this case, the best thing to do would be to hire a Tampa Bay attorney who specializes in auto accident litigation. Accident Agents, with our legal network, works alongside expert attorneys in this field and can help connect you with a qualified attorney.

Contact Accident Agents for Assistance Following a Car Accident

We offer a free service to all Tampa Bay residents and multicultural communities where English may not be the first language. If your car has been totaled, call us today for transportation services and guidance following a car wreck. Our services are always free!