What is a Diminished Value Insurance Claim?

Updated: May 21

A diminished value insurance claim is when you request an amount of money from an auto insurance company to compensate you for the difference between your car's value prior to the accident and its value after the repair.

You might be able to get compensated for the reduced value, depending on who is responsible for the accident and which state you are insured in. Each State and insurance company have different guidelines.

What should you do if you want to be covered for the diminished value of your vehicle? Check with your agent/advisor to see if any of the companies they represent offer diminished value coverage. Some insurance companies may already offer it in their current auto insurance policies.


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