What the repair-to-value ratio tells you
Dividing estimated repairs by supported market value gives you a useful comparison, but it is not ICBC's decision formula. Safety, hidden damage, parts availability, repair planning, salvage value, policy terms, and the valuation itself all matter. The tool therefore labels the ratio as low, material, or high without declaring the car repairable or written off.
What the payout and offer gap mean
The payout worksheet starts with the value you enter and subtracts the deductible and any salvage amount entered. Actual settlements can include other policy and tax considerations. The offer gap compares your supported value with the offer; it is a research prompt, not proof of underpayment.
How to improve the evidence
Start with input errors because they are the easiest to fix: exact trim, drivetrain, options, odometer, and condition. Next gather current local comparables that truly match. Asking prices are not completed sales, so use several and explain adjustments. Receipts do not add dollar-for-dollar value, but they can prove condition and recent maintenance.
Frequently asked questions
How does ICBC decide whether a vehicle is a write-off?
ICBC considers whether repairing the vehicle is safe and economical relative to its pre-loss value and salvage. ICBC does not publish one universal consumer percentage, so this tool shows the repair-to-value ratio without claiming to predict the decision.
How is the payout estimate calculated?
The simple estimate is the vehicle's market value minus the deductible and, if you keep the vehicle, any salvage deduction. Coverage, taxes, policy terms, ownership, and the valuation itself can change the actual amount.
What is an offer gap?
It is the difference between the market value you can support and the settlement offer received. A positive gap is a prompt to check the valuation inputs and gather stronger comparable listings, not proof that an offer is wrong.
Can I dispute ICBC's value?
You can ask how the value was calculated and provide relevant evidence, including accurate trim and mileage, condition records, recent work, and comparable BC listings. Follow the current review or dispute process.
Is this calculator an ICBC decision?
No. It is an independent informational worksheet and is not affiliated with ICBC. It does not guarantee a write-off, settlement, or dispute outcome.