How an ICBC total loss works
When repairing your vehicle costs close to (or more than) what the vehicle is worth, ICBC declares it a total loss, or "write-off," and pays you its actual cash value instead of repairing it. Your payout is broadly the ACV, minus your deductible, minus the salvage value if you choose to keep the vehicle.
Why the first offer is often low
ICBC's valuation leans on wholesale and book averages that can miss your vehicle's real condition, low mileage, recent work, premium trim, or a strong local market. If comparable vehicles in BC are listed for more than ICBC offered, you have grounds to push back. You can submit your own evidence — including an independent appraisal and current comparable listings — to support a higher ACV before you accept.
FAQs
How does ICBC decide if a car is a write-off?
ICBC generally declares a total loss when the estimated cost to repair the vehicle approaches or exceeds its actual cash value (ACV). There is no single public percentage, so treat any estimate as a guide, not a guarantee.
How is the total-loss payout calculated?
Broadly: actual cash value, minus your deductible, minus the salvage value if you choose to keep the vehicle. The biggest variable is the ACV ICBC assigns.
Can I dispute ICBC's total-loss offer?
Yes. ICBC's first offer is based on its own valuation (often Canadian Black Book averages). You can submit evidence — including an independent appraisal and comparable listings — to support a higher ACV.
Is this calculator official?
No. It is an informational estimate, not an ICBC determination, legal advice, or a guaranteed payout. Your actual settlement depends on ICBC's assessment.