Diminished Value Calculator
Calculate how much value your vehicle has lost after an accident
What is Diminished Value?
Diminished value is the loss in market value of a vehicle after it has been damaged in an accident and repaired. Even with quality repairs, a vehicle with an accident history is worth less than a similar vehicle with no accident history.
Understanding Diminished Value
Types of Diminished Value
Immediate Diminished Value: The difference in value before and immediately after damage occurs.
Inherent Diminished Value: The loss in value due to the vehicle’s accident history, even after proper repairs.
Repair-Related Diminished Value: Additional loss in value due to substandard repairs.
Factors That Affect Diminished Value
- Severity of the damage
- Vehicle age and mileage
- Quality of repairs
- Vehicle make and model
- Extent of damage to structural components
- Vehicle’s pre-accident condition
How to Claim Diminished Value
1. Document everything about the accident and repairs
2. Get a professional diminished value appraisal
3. Submit a claim to the at-fault driver’s insurance
4. Negotiate with the insurance company if needed
5. Consider legal help if the claim is denied
Your Diminished Value Estimate
Estimated loss in your vehicle’s value
Next Steps
This is an estimate. For insurance claims, consider getting a professional appraisal. Document all repairs and keep records of the accident.
Understanding Your Results
Insurance Claims
You may be able to file a diminished value claim with the at-fault driver’s insurance company. The process varies by state and insurance provider.
State Regulations
Diminished value claims are handled differently in each state. Some states have specific laws governing these claims, while others rely on case law.
Resale Impact
Vehicles with accident history typically sell for 10-30% less than comparable vehicles with no accidents, depending on the severity of damage.