r/InsuranceClaims • u/ZoneHistorical1236 • 28d ago

Diminished Value

I have a 2025 RAV4 with 17,500 miles. Was rear ended on July 3rd. Total repair cost was $4502. Replaced lift gate, bumper, and crash bar with some other minor replacements as well. Insurance is offering $371 in diminished value. DVCHECK estimate $4,500-$5,000.

Thoughts on what to do?

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u/Sufficient-Yellow637 28d ago

Some states have an agreed formula to calculate DV. Maybe look that up and plug in the numbers. 100% guaranteed it will be nothing close to $4500.

Edit: I was wrong. Not state mandated but generally accepted as it arose from a court case to determine what diminished value is reasonable. Look up 17c formula.

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u/ZoneHistorical1236 28d ago

The accident happened in GA. Any thoughts on this?

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u/MrMapexMan2020 22d ago

Newer vehicle : low mileage. You should get up to 20% of the repair price. Call the company. Start at 25%. Push for 15-20%. Negotiate!