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Originally Posted by Bghayes95
Just spoke with an Attorney located in NY that handles this all the time. He threw around a ~12% number for diminished value. I'm going to start the process and will update back here.
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I have a close friend who works in the insurance industry and I've heard that 15% is usually pretty close on most cars. But it obviously depends upon the car, so that percentage is going to vary. No matter what, a vehicle that has an accident history is going to have a lower value than an otherwise identical vehicle without an accident history. Your job is to really understand the insurance company's valuation and how they come up with your number.
In any accident that is not your fault, you should be receiving diminished value. The nice thing about that is the longer you keep the car, the less diminished value matters for cars that depreciate (which is almost all of them) over time.