Updated on February 2025
Georgia Insurance Carriers: Diminished Value Claim Comparison
| Insurance Carrier | Acceptance Rate | Avg. Payout Range | Key Strengths/Weaknesses |
|---|---|---|---|
| USAA | 78% | $3,500–$9,100 | ✅ Military-only. Rarely uses 17c formula. Honors older vehicles. |
| Auto-Owners | 72% | $2,800–$7,500 | ✅ Offers DV coverage add-ons. Transparent process. |
| State Farm | 68% | $2,600–$6,900 | ✅ Follows Mabry v. State Farm. Local agent support. |
| GEICO | 65% | $2,500–$6,200 | ✅ Fast online claims. Mid-tier payouts. Uses 17c occasionally. |
| Nationwide | 60% | $2,200–$5,800 | ✅ Diminishing deductible program. Slow but fair. |
| Erie Insurance | 58% | $2,000–$5,500 | ✅ Regional efficiency. Limited ADAS appraisal skills. |
| Progressive | 32% | $800–$2,100 | ❌ Blames “wear and tear.” Relies on 17c formula. |
| Allstate | 28% | $750–$1,900 | ❌ Drains claimants with endless negotiations. |
| Liberty Mutual | 30% | $700–$1,800 | ❌ Slow processing. Denies claims for older cars. |
| Farmers Insurance | 27% | $650–$1,700 | ❌ Aggressive on ADAS-related depreciation. |
| Georgia Farm Bureau | 25% | $600–$1,500 | ❌ Hides appraisal reports. Slow responses. |
| The Hartford | 23% | $550–$1,400 | ❌ Favors commercial fleets. Ignores luxury/EV claims. |
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How We Ranked Georgia’s Insurers
We evaluated carriers using:
- Claim Acceptance Rates: % of DV claims approved without litigation.
- Average Payouts: Compensation vs. independent appraisals.
- Georgia DOI Complaint Data: Complaints for delays, denials, or bad faith.
- Transparency: Clear policies for submitting DV claims.
Best Insurance Carriers for DV Claims
1. USAA
- Acceptance Rate: 78% (military families only).
- Avg. Payout: $3,500–$9,100.
- Why They’re Good: Honors claims on vehicles up to 10 years old. Rarely uses the 17c formula.
- Tip: Submit repair invoices and OEM certifications for luxury/EVs.
2. Auto-Owners Insurance
- Acceptance Rate: 72%.
- Avg. Payout: $2,800–$7,500.
- Why They’re Good: Offers diminished value coverage as a policy add-on.
- Tip: Bundle claims (e.g., rental reimbursement + DV) for faster processing.
3. State Farm
- Acceptance Rate: 68%.
- Avg. Payout: $2,600–$6,900.
- Why They’re Good: Follows Mabry v. State Farm precedent. Local agents simplify filings.
The average diminished value amount is $6,200. We can help you get what you deserve.
Worst Insurance Carriers for DV Claims
1. Progressive
- Acceptance Rate: 32%.
- Avg. Payout: $800–$2,100 (often 50% below fair value).
- Why They’re Bad: Routinely cites “prior wear and tear” to deny claims.
2. Allstate
- Acceptance Rate: 28%.
- Avg. Payout: $750–$1,900.
- Why They’re Bad: Forces endless negotiations to wear down claimants.
3. Georgia Farm Bureau
- Acceptance Rate: 25%.
- Avg. Payout: $600–$1,500.
- Why They’re Bad: Refuses to share appraisal reports with clients.
GET MORE MONEY FROM THE INSURER
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Key Takeaways
- Top Performers: USAA ($3.5k–$9.1k) and Auto-Owners ($2.8k–$7.5k) offer fair payouts and transparency.
- Mid-Tier Options: GEICO and Nationwide balance speed and fairness but may use 17c.
- Avoid These: Progressive, Allstate, and Georgia Farm Bureau reject 70–75% of claims with lowball tactics.
Not sure if the insurance offer is fair? Get a Free Claim review from our experts!
Georgia’s Top 3 Appraisal Firms
- Diminished Value of Georgia: Free templates + 30+ years’ experience.
- Ross Moore Law: Specializes in luxury/EV claims.
- Appraisal Engine: Uses no upfront fees, and have an insurer-respected accuracy.
