Current Snapshot of the Total Loss Landscape

The percentage of collision events deemed a total loss is on the rise.

Current Snapshot of the Total Loss Landscape

The percentage of collision events deemed a total loss is on the rise.

27%

of all auto collision events
in 2023 were total losses¹

9%

rise in percentage of vehicles deemed
an auto total loss from 2017 to 2023¹

Total losses are rising due to:

Increasing constructive total loss decisioning
Parts cost
Parts availability
Length of repair times

Total losses are rising due to:

Increasing constructive total loss decisioning
Parts cost
Parts availability
Length of repair times

When it comes to auto total losses, many
factors that affect this process are outside of your hands.

1. LexisNexis® Risk Solutions internal data, 2023

The Answer is Data

We developed an auto total loss solution, LexisNexis® VINsights® , to remove the complexities in the total loss process and shorten and simplify cycle time.

LexisNexis® VINsights®data provides unique
value to carriers and includes three components:

TITLED OWNER, LIENHOLDER
INFORMATION AND VEHICLE DETAILS

STATE TAXES
AND FEES

LIENHOLDER
PAYOFF DETAILS

Join us on a journey of the traditional auto total loss process.

See where — and how — our data can speed this process for a smoother claims experience and happier claims customers.

Average Total Loss Process

Today’s average total loss process can last between 19–22 days and is wrought with inefficiencies.