I am based in NC. My car was hit by another vehicle. The person who hit us, his insurance company paid for repairs. My car is from 2015.

When I made request for a diminished value claim, I was told “there is no inherent diminished value on vehicle 7 years or older”.

What are my options? Obviously since the car was involved in an accident it has lost a good $2000 to $3000 worth of value. How can I build a case for myself?

  • Have you read your policy? If that's what it says, that's what it says.
    – keshlam
    Jun 1, 2023 at 2:12
  • 1
    @keshlam: I have not read the policy. Since I file insurance claim with other patry's insurance company, do I need to request him to share his policy document ?
    – OpenStack
    Jun 1, 2023 at 2:14
  • 2
    If you really want to try to fight this, I'd suggest requesting it from the insurance company. They're the ones you have the issue with. However, odds of your achieving much are pretty darned low.
    – keshlam
    Jun 1, 2023 at 2:19
  • There's also a mileage component to diminished value. How many miles did the car have on it? How much was the car worth before the accident?
    – D Stanley
    Jun 1, 2023 at 2:25

1 Answer 1


Diminished Value is the difference in market value between a car that's been in an accident and one that hasn't. The age and mileage of the car can reduce (or eliminate) this difference, meaning that a 7-year old car with 100k miles will be worth the same regardless of whether it's been in an accident or not (the loss in value due to normal wear and tear is typically much higher then the loss due to the accident).

There is a formula that you can use to calculate the diminished value, which starts at 10% of the market value and goes down based on mileage and type of damage.

If you have evidence that the actual change in market value is more than what the standard formula gives, I would talk to a local attorney that has experience in insurance claims and see if there's any possibility of getting a diminished value claim, but unless the car was of high value before the accident, it may be difficult. If an attorney contacts the insurance company they may be willing to pay the claim just to avoid the hassle.

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .