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Diminished Value Consumer Survey Results

Following are the current statistical results of the "Diminished Value Consumer Survey" being conducted by the Insurance Consumer Advocate Network.

This data represents what a consumer may be willing to pay when they are aware of a vehicle's prior damage history.

Date Tabulated: 11/30/2020

“YES” / “NO” Results

Yes

No

Question 1: “Would you pay the same price?”

1.43%

Responses: 25

98.57%

Responses: 1,721

“YES” + “NO” Combined Results

Value

Deviation

What you'd pay / value of vehicle “B” (OEM)

$15,806.03

-20.97%

What you'd pay / value of vehicle “C” (A/M)

$12,273.68

-38.65%

“NO” Only Results

Value

Deviation

What you'd pay / value of vehicle “B” (OEM)

$15,234.87

-23.83%

What you'd pay / value of vehicle “C” (A/M)

$11,543.99

-42.28%

Prior Damage Minimum Deduction

Better Business Bureau ... Rated “A+”