Success Stories

  • Monica,

    I just wanted to say thank you for working hard on my claim and getting me a settlement that more accurately reflected the value of my vehicle. It was very pleased to receive an offer of almost $3,000 more than the original offer made by my insurance company. I actually walked away with funds for a down payment on a new vehicle after the insurance paid off my vehicle!

    Thanks again!

    La-Nett Belasco
    Houston, Texas

    Read more...

Public Opinion About Automobile Diminished Value

Our survey shows how a car's collision history influences its value. As you can see from the graph, any collision reduces the vehicle's value. The diminution of value is very severe if there is frame damage. These results from over 4700 respondents were updated March 20, 2009.

Assuming that the vehicle has been correctly repaired.

Question 1:
How much discount on the price of a used car would you expect if it had been in an accident with over $2000 damage, but without frame damage?

Question 2:
How much discount on the price of a used car would you expect if it had been in an accident with over $2000 damage, with frame damage?

RESULTS:

Diminished Value Stigma
Without frame damage With frame damage
None 6 1
10% or less 21 2
20% 31 9
30% 21 13
40% 9 12
50% or greater 5 11
Would not buy 21 60
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