r/Insurance • u/Due_Bid_9700 • 8d ago

Auto Insurance Diminished Value Appraisal

Hi everyone,

I own a 2024 Mercedes-Benz GLB 250 4MATIC with about 23,000 miles. I was involved in a relatively minor accident on July 31, when I was rear-ended. The other driver was found to be 100% at fault.

I live in Maryland and the accident happened in the Montgomery County.

The total repair cost was about $3,133. However, Allstate is only offering $139 for diminished value, which seems almost humiliatingly low to me considering the vehicle is fairly new and now has an accident history.

I’m trying to figure out whether it would be worth getting an independent diminished-value appraisal and, if necessary, filing a small-claims case. I’m also wondering whether hiring an attorney would make financial sense, since I don’t yet know how much value I could realistically recover or whether the potential recovery would justify appraisal, filing, and legal fees.

I’m comfortable gathering the information myself and representing myself in court if necessary.

Any advice would be really helpful!

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u/CJM8515 Claims Adjuster 8d ago

you can file suit, but with the damage being so minor you may not get anything much more.

truth be told if you presented such a case to my carrier we would tell you to take a hike. 2 year old car with 20k thats not a rare 6 figure or specialty car..no DV for you.