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What Happens to My Car’s Value After an Accident?

Two drivers inspect damage to their cars after an accident

After a car accident, your car may lose resale value, even if you have it repaired. This is known as diminished value. Diminished value affects you according to the details of the damage, the repairs, your insurance, and the state where you live. How should you handle this if it happens to you? Here’s what you should know.