What Happens If My Car’s Been Totaled and I Still Owe Fees?

When Your Car IS Totaled, determining fault in a car accident, Auto Insurance Limits, Who Determines Fault In A Car Accident, Do you Still Owe Fees After a car is totaled

If you have been involved in a car accident, there’s a good chance that your car has been totaled. When more damage has been inflicted upon the car than what it would be worth purchasing, then a car is considered totaled by the insurance company. However, that doesn’t mean that you aren’t going to owe anything. Oftentimes, a car is totaled, but you are still left with expenses that need to be covered. This occurs most of the time when there is some sort of payment agreement or lease for the vehicle that you have agreed upon. Even if the car is totaled, you are still responsible for honoring the contract.

Among all of the stress that you are going through from the accident itself, having to pay additional fees on top of a totaled car is just another stressful thing to deal with. If you find yourself in this difficult situation, one of the best things that you can do to help yourself in the situation is to find a great attorney to guide you through the process and show you what your options are.


When a car has been totaled as the result of an accident, there are a number of factors that are going to determine how much it is going to affect your financial state and what you get for your car. These factors will determine the path forward for you and your attorney.


One of the main factors in the whole situation is who was at fault for the accident. This will often determine how much the insurance will pay out and to whom. If the other person or party that was involved in the accident is found to be responsible, then it will be their insurance company that is responsible for determining the value of the vehicle and providing a check for settlement. If the other driver was not insured, then you would have to use your own insurance, if it provides coverage for your situation.

If both parties were in part to blame, then the two insurance companies are responsible for creating a dialogue and coming to a conclusion as to what proportion of the accident each party is responsible for. This will determine how much they each pay for.

Insurance Limits

Another factor in the determination of how much money will be paid out as the result of an accident is the limits of the insurance that you and the other parties involved carry. If the limits of the insurance that is paying are low, then the potential for getting a suitable payout is obviously lower. Having insurance is very important even if you have cheaper car insurance. However, if the limits of the insurance are higher, then you might have a good shot at recouping more of the losses from the event.

Next Steps

If you owe more on a car than what was provided to you in totaling the car, then pursuing other methods of compensation might be your only option. This includes things like personal injury and pain and suffering compensation. If you weren’t at fault for your accident and owe money on your totaled vehicle, get in touch with an experienced attorney today to learn about your options for recouping your losses.

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5 Financial Risks That Insurance Can Help Protect You Against


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