Auto Insurance Payout Calculator accuracy and testing

Formula source

• Gross covered amount = min(vehicle value or covered loss, policy limit). Net to insured = max(gross covered amount - deductible - salvage retention - prior payments - lien payoff, 0).

Test cases

Known limitations

• This page documents the checked-in calculator logic and does not certify results for every real-world edge case.
• Use the result as a planning estimate unless the calculator page states a stricter purpose.

Assumptions

• All loss amounts, policy limits, rates, fees, and settlement assumptions are entered by the user.
• Calculations run locally in your browser and are not stored by Calwarden.
• This is planning math, not insurance, legal, financial, tax, appraisal, or claims-handling advice.

Unit handling

• Vehicle Value or Covered Loss accepts values in $.
• Policy Limit accepts values in $.
• Deductible accepts values in $.
• Salvage Retention accepts values in $.
• Prior Payments accepts values in $.
• Loan or Lien Payoff accepts values in $.
• Estimated Net to Insured is displayed as currency.
• Gross Covered Amount is displayed as currency.
• Claim Check Before Lien is displayed as currency.
• Total Reductions is displayed as currency.

Rounding rules

• Number displays use up to 2 decimal places in the calculator UI.
• Currency outputs are displayed with standard US dollar formatting.
• Input precision follows configured step values where provided.

Version history

Change log