Questions Answered: is my car worth less after an accident?

Answer: Probably. This is called a diminished value claim. It is common knowledge that a vehicle is worth less after an accident. However, the loss of value has to be both provable and worth pursuing. An expert report for the loss of value can run anywhere from $250-$500 depending upon the quality of the report. After attorney’s fees and potential court costs it is not always worth it to pursue a diminished value claim. However, each case is unique and we will be more than happy to discuss the potential of your diminished value claim.

Even if you are not physically hurt, a claim for loss of vehicle value may justify attorney involvement.