Diminished Value Calculator

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Step 2.

Step 3. Calculations

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Table of Contents

  1. How to Calculate Diminished Value

  2. Important Types of Diminished Value

  3. Sell Your Junk Car To Junkcarsus

How to Calculate Diminished Value

With no industry-wide way of calculating diminished value, insurance companies generally won’t provide the formula they use. But most insurers follow the 17C Diminished Value Claim Calculator. 

You can find an online free diminished value calculator on our website and simply use it to make all your calculations.ж

The name and equation come from an actual Georgia government car insurance case in which it was created by Dr. Stevenson. He came up with this solution to determine how much money you can receive when filing a claim based on your vehicle's depreciated cost post-accident damage. Below are the steps on how to use the diminished value calculator.

Step 1: Calculate vehicle value 

The 17C is an effective car accident diminished value calculator tool that can help you calculate the value of your car after any repairs are made. It calculates this by considering how much and what kind of damage has been done to it, as well as other factors like mileage and model year.

Step 2: Compute for 10% of the value in Step 1

Get the 10% of the vehicle market value you’ve calculated. This value will be the base loss of your vehicle. Meaning that monetary value is the maximum amount you can get with your diminished value claim.

For example, let’s say your vehicle’s value in step 1 is $30,000. 10% of $30,000 is $3,000.

$3,000 will be the money you should expect for your claim.

Step 3: Apply damage multiplier

The insurance company will take your car’s worth into account when giving you a payout. For example, if the damage to your car is minor, they’ll grant less of an amount as opposed to major damages, which would be more likely to grant greater amounts and payouts.

Insurers might use different numbers, but it’s common to use these damage multipliers once they diagnose your vehicle.

  • 25% for minor damages
  • 50% for moderate damages
  • 75% for major damages
  • 100% for severe structural and motor damage

For example, your car had some dent in the panels, but no structural or engine damage was done; this should net a 25% damage multiplier. Getting the value you computed in Step 2, which is $3,000. Applying the 25% multiplier, the computation is = 25% x $3,000.

This amounts to $750. This is the new Diminished Value.

Step 4: Apply the mileage multiplier

This is the last step to using the diminished value calculator. The estimation of your car's value is heavily dependent on the mileage. Your insurance company will have its own adjustment, but you can estimate this by multiplying what it says on your dashboard odometer. Below are the usual percentages used.

  • 20% for vehicles with 80,000 to 99,999 miles
  • 40% for vehicles with 60,000 to 79,999 miles
  • 60% for vehicles with 40,000 to 59,999 miles
  • 80% for vehicles with 20,000 to 29,999 miles

For vehicles with less than 20,000 miles, this multiplier might not be applied. Meanwhile, vehicles with over 100,000 miles might not even be allowed to apply for a Diminished Value Claim.

Following our example, the value from Step 3 is $750. Let’s say that car has run 70,000 miles.

The final diminished value will be $750 x 40%, which amounts to $300.

Important Types of Diminished Value

Who would have thought that a car's value drops dramatically after just one crash? But, it turns out the vehicle will never be as good as new because of all the damage done in accidents. Repairing cars with OEM parts can help lower this loss but not completely eliminate its diminished worth due to being involved in an accident.

The diminished value of a vehicle is not due to repairs with aftermarket parts but rather because it was involved in an accident. This lowers its perceived worth on future resale markets and means less money for the seller. Now that you know how to calculate the diminished value, below are the three main types of diminished value.

Immediate Diminished Value

This is the perceived value of a car right after it has been involved in an accident before any repairs are done to fix damages on its body, interior, or engine.

Inherent Diminished Value

It's important to know that even if your car was repaired, it will never be the same. If the accident is put in the record, that will factor in how much value can decrease from repairs, even if done by professionals.

Repair-Related Diminished Value

Repair-related diminished value is the lost value resulting from a bad repair job, like using cheap aftermarket parts and not matching paint color correctly.

If You Know Your Diminished Value and Ready to Get Rid Of Your Car, Sell Your Junk Car To Junkcarsus

If you just crunched the numbers on the auto diminished value calculator and the payout is not that big, consider selling your automobile to Junkcarsus. 

Don’t burden yourself with expensive maintenance and the hassle of running a junk car or truck.


Your vehicle was in an accident? No problem, we hand a cash payout for junk cars, and we include free towing service. We are one of the biggest and most trusted junk car buyers in the USA. Justcall us, and our courteous staff will answer all your questions.

FAQ block

Do you have a free diminished value calculator on your website?

Yes! We have an easy-to-use online and free diminished value calculator on our website. We also have easy-to-follow instructions on how to fill up the required values.

What’s the formula to calculate the diminished value of the car?

There’s a 4-step process in calculating the diminished value. The process and calculations are already encoded in the 17C Calculator, which you can also download on our website. Or simply use our ready-to-use calculator that requires inputting only three values to calculate the diminished value.

What are the types of diminished value?

There are 3 types of diminished value: Immediate Diminished Value, Inherent Diminished Value, and Repair-Related Diminished Value. All 3 will affect the resale value of your vehicle, especially if it’s involved in an accident.
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Examples of our junk car estimation

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Vehicle Minimum Paid Maximum Paid
Acura TL, 2000 525 1900
Ford Mustang, 2002 350 2350
Chevrolet Malibu Limited, 2012 325 1750
Chevrolet Blazer, 2003 750 2100
Ford - E350 Super Duty, 1987 450 1200
Chevrolet 1500, 1989 650 3100
Dodge - Ram 1500, 2014 775 4750
Nissan Rogue, 2013 625 3200
Mercedes-Benz M-Class, 2003 3500 7250
Chevrolet - Silverado 1500, 1990 525 2700
Toyota Camry, 2004 425 1900
Kia Sorento, 2008 475 2100
Ford Escape, 2009 475 2250
Toyota Camry, 2007 650 3100
Mercedes-Benz - C-Class, 2004 325 2950
Toyota Camry, 2003 500 2250
Chevrolet TrailBlazer, 2005 435 2100
Nissan 300ZX, 1988 250 1350
Chevrolet Equinox, 2008 680 2900
Chevrolet Avalanche, 2005 625 4300
Nissan Xterra, 2000 875 3100
Chevrolet - Express 3500, 1989 450 1775
Ford Ranger, 1991 575 5850
Mercedes-Benz - CLA 250, 2015 1800 7200
BMW 3-Series, 1977 250 3250
Chevrolet 1500, 2004 350 1900
Ford Edge, 2010 425 2300
Nissan Altima, 2014 750 5750
Chevrolet Tahoe, 2003 975 3100
Nissan Sentra, 2004 375 1600
Nissan Maxima, 2006 325 1900
Ford - F-450, 1995 375 2300
Ford - F-350, 1989 500 2950
Chevrolet TrailBlazer, 2001 475 2900
Mitsubishi Galant, 2003 650 1900
Ford Mustang, 1995 750 2300
Dodge W250, 1984 575 2350
Nissan Sentra, 2006 475 2100
Hyundai Elantra, 2015 975 7500
Honda Accord, 2006 275 1900
Chevrolet Equinox, 2005 475 2700
Chevrolet Camaro, 2003 275 1675
Chevrolet Monte Carlo, 1975 275 1100
Ford - E350, 1986 375 1900
Dodge Avenger, 2012 475 4700
Toyota Corolla, 2007 325 1395
Jeep Cherokee, 2003 350 1750
Mazda Mazda3, 2013 425 1900
Mazda Protege, 1996 325 1100
Chevrolet Impala, 2008 425 1900

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