Every time you file an insurance claim for repairs or replacement, the payout you receive depends on your vehicle’s current market value, not its original purchase price. This is where car insurance depreciation plays a significant role. Insurers deduct a percentage based on how much your vehicle’s value has dropped since you bought it. For example, a car that was worth $25,000 three ... https://virtualcollisionappraisals.com/vehicle-depreciation-appraisal-guide/