Diminished Value Claims — Colorado

Diminished value is the reduction in your vehicle's market value after an accident, even after a complete and correct repair. An accident history shows up in vehicle history reports and affects what buyers will pay — the car is worth less than before the accident regardless of repair quality.

Colorado allows diminished value claims against the at-fault driver's liability insurer. Colorado is more permissive on diminished value than most states, including Utah.

You are not entitled to diminished value through your own collision coverage — the claim runs against the at-fault driver's insurer. To pursue it, document the accident thoroughly, preserve all repair records and invoices, and consult an attorney to evaluate your specific situation.