Free Diminished Value Calculator

Diminished value is the difference between your vehicle's fair market value before an accident and its value after repairs are completed. Even with perfect repairs, a vehicle with an accident history is worth less than an identical vehicle with a clean history. This matters because you may be entitled to compensation for this loss in value through your insurance claim or from the at-fault party.

This calculator provides a preliminary estimate based on the 17c formula, which is a standardized method used in the insurance industry. While it gives you a good starting point, the actual diminished value can vary based on many factors including make, model, local market conditions, and specific damage details. For insurance claims or legal proceedings, a certified appraisal from SnapClaim provides comprehensive documentation and is more accurate and defensible.

The 17c formula, also known as the Georgia 17c formula, is a standardized method for calculating diminished value that originated from a Georgia court case. It starts with 10% of your vehicle's pre-accident value, then applies multipliers based on damage severity and mileage. While not perfect, it's widely recognized by insurance companies and provides a consistent baseline for diminished value calculations.

You should get a diminished value appraisal after your vehicle repairs are complete but before you settle your insurance claim. This is typically within 1-3 months after the accident. The appraisal documents the loss in value while the accident details are still fresh and before you sign any release forms that might waive your right to pursue diminished value compensation.

This free estimate is a great starting point for understanding your potential diminished value claim, but insurance companies typically require more detailed documentation. A certified diminished value appraisal from SnapClaim includes comprehensive market research, comparable vehicle analysis, and professional documentation that carries significantly more weight in negotiations with insurance adjusters and in legal proceedings.

The free calculator provides a quick preliminary estimate using basic inputs and the 17c formula. SnapClaim's certified appraisal report includes: detailed vehicle inspection, comprehensive market analysis of comparable vehicles, professional appraisal documentation, support during insurance negotiations, and a report that's legally defensible and recognized by courts. The certified report significantly increases your chances of recovering the full diminished value you're entitled to.