How Much Diminished Value Do I Have?


Find the value of your Diminished Value Claim

Below, you will find two diminished value formulas. Please use both and compare the results.

17c Diminished Value Formula

This is the formula insurance companies use to calculate diminished value. It consistently produces a lowball estimate and has no established validity or outside authority. Your actual diminished value will probably be far more than what this formula produces, but write down this number, as many insurance companies will use this formula.

Actual Diminished Value

Shows your actual diminished value. This is what the insurance company should pay you for your claim. This formula is very simple, but requires some research on your part. You must go to Kelly, Edmunds, or NADA and get evidence for two numbers:

  1. the value of your car before the accident
  2. the value of your car after the accident
The difference is your actual diminished value. It will almost certainly be much more than what the insurance company will offer to pay, so the extra effort will most likely be worthwhile.

What Do I Do Now?


This depends on the results of the formulas. There are two basic situations:

1. If both the 17c Diminished Value Formula and the Actual Diminished Value formulas give very small numbers, then you have to ask yourself if it’s worth the time and expense to pursue a claim.

2. If the Actual Diminished Value number is much higher than the 17c Diminished Value Formula, then the insurance carrier will probably make you a low offer for your diminished value claim. You may want to consider using Car Crash Kit to get a fair diminished value offer on your vehicle.

Please take the quiz below to see if Car Crash Kit can help you.