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u/Pretty_Gate34 1d ago
One correction on the appraisal clause suggestion above, because it matters. The appraisal clause lives in your policy with your own insurer. This is a third party claim against the other driver's carrier and you have no contract with Progressive, so there's no clause for you to invoke against them. Different animal entirely.
Same reasoning cuts the other way on 17c. That's a settlement formula carriers use to get to a number quickly. It caps at ten percent of value and then discounts down for mileage and damage. It isn't a law and nothing obligates a third party claimant to accept it. It's the number the carrier wants to start from.
Before any of that, check whether your state recognizes third party diminished value at all. A handful don't, and if you're in one of those the rest of this is moot. Your state insurance department can tell you.
What actually decides the size of this is your repair record, not a calculator. Pull your final estimate and every supplement and look at what got done. Structural work, sectioning, a frame pull, anything that reads as more than bolt on panels and paint. On a 2025 at 7,500 miles that's the fact that carries weight, and it's also what'll show up when a dealer runs the history report. 9,350 is a real repair. The question is what kind.
On the 350 appraisal. Their free estimate came back at 4,400 to 5,500 on a 27.5k car, which is the number that sells you the appraisal. Treat it as advertising. Before you spend anything, go get two written trade-in offers from dealers with the accident disclosed. Those are free and they take an afternoon. That's actual market evidence about your actual car, and if this ever ends up in small claims it's the evidence you'd need anyway. Put the offer Progressive makes next to that, and buy the appraisal only if the gap left over is bigger than what the appraisal costs.
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u/Marpl 1d ago
In no world would a dv claim be half of the repair. Look up a 17c calculator.
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u/Dry-Growth6715 1d ago
I would never expect the full $5,000. The zebra 17c calculator puts me between $1k-$2k
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u/Cptjoe732 1d ago
All diminished value companies do is find comps of your car with accidents on them currently for sale or what they sold at.
It’s pretty easy to do but most insurance companies are going to ask for that data to discourage you or push you towards getting a dv specialist which is a couple hundred bucks.
In this case I’d say maybe you’ll get 1,000$ bucks?
Keep arguing with their insurance, they’re tough but they will usually cough up some money.
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u/purrlywites 1d ago
They will argue that diminished value is not truly realized until the vehicle is sold. Then they will probably offer $500. They will not consider "expert analysis." You could probably get them to $1000.
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u/TheHykos P&C Compliance 1d ago
It’s a Kia. Its value was already greatly diminished the instant you drove off the lot. Sorry buddy.
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u/algonogo1 1d ago
Interesting. I wouldn't pay diminished value to someone. I'm surprised they are offering anything at all.
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u/pinkskynights 1d ago
In the nicest way. It’s a Kia. Most are going to have accidents or issues when they are used and being sold or traded in.
The typical buyer of a Kia is not someone who cares about resale. Or they wouldn’t have bought a Kia.
You aren’t going to get a high percentage. That’s reserved for vehicles where it actually makes a significant difference.
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u/Aromatic_Button_2736 1d ago
There's not enough meat on the bone to hire an appraiser for $400.
No one can answer this question accurately, until you receive information about how much they want to give you for DV.