Glossary / General

diminished value

12 Episode Mentions

Too Afraid to Ask

After a car gets fixed from an accident, it usually sells for less than before. That loss in price is called diminished value.

Technical Definition

Diminished value refers to the reduction in a vehicle’s market worth after it has been repaired from an accident, even if it is restored to pre‑accident condition. Insurance companies may offer a diminished value claim to compensate for this loss.

Hear It Discussed

"you'll see state farms seeks approval of 8.6 million dollar diminished value [2018.2s] settlement oh boy diminished value something i talk about all the time"
Car Pro Radio Show May 30 26 Hour 1 CarPro Radio Show 33:30

"And we started talking about diminished value. I'll tell you what, let me get Ken in here."
Ron Ananian, The Car Doctor - March 7, 2026 - Hour 1 - Diminished Value After an Accident & The Northeast Automotive Trade Show Ron Ananian The Car Doctor 04:51

"of course because a clean vehicle history preserves value that's what diminished value is the loss in your vehicle's value after an accident even if it's repaired perfectly"
"My Cars Are Investments, So I Barely Do Any Maintenance" SwitchCast 58:12