Below is a list of the top 5 vehicles appraised for Diminished Value for the first half of 2019.
Rank | Make & Model | Appraisals | Percentage |
1 | Toyota Camry | 314 | 5.05% |
2 | Ford F150 | 163 | 2.62% |
3 | Toyota Corolla | 160 | 2.57% |
4 | Honda Accord | 155 | 2.49% |
5 | Honda Odyssey | 143 | 2.30% |
Other | 5,279 | 84.95% | |
Total | 6,214 | 100.00% |
2019 Diminished Value Appraisal Stats
- Claims Reviews where the insurance offer was fair: 17%
- Highest Diminished Value Appraisal Amount: $24,500
- Average Insurance company offer: $450
- Average Appraisal Amount: $2,700
- Percentage of Claims Settled with First Demand : 76%
- Percentage of Claims Settled after Demand + Follow up: 92%
- Percentage of Claims that went to trial in 2018: 3%
- Settlement amount as percentage of DVGA Appraisal: 81%
- Most Difficult Insurer to work with as reported by our clients: State Farm with USAA a close second
- Percentage of third party claims: 65%
- First Party claims that went to umpire: 12%