Diminished Value Laws by State

Diminished Value Claim in Arkansas

How to recover the value your vehicle lost after an accident in Arkansas — your rights, the filing deadline, and how to calculate your claim.

Third-party DV claims

Evidence-dependent

First-party DV claims

Policy-dependent

Filing deadline (approx.)

~3 years*

Calculation method

§27-53-401 market loss

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Arkansas diminished value FAQ

Can I file a diminished value claim in Arkansas?

Potentially. Arkansas Code 27-53-401 uses the difference between the vehicle’s value immediately before and after damage. Crooms permits repair cost as evidence, but a separate post-repair accident-history loss still requires vehicle-specific proof.

Does my own Arkansas collision policy cover diminished value?

It depends on the complete policy and proof. MFA allowed a fact question where proposed repairs under the policy would not substantially restore the vehicle’s former condition and market value; it did not create automatic coverage under every collision policy.

How long do I have to file an Arkansas diminished value claim?

Arkansas Code 16-56-105(6) generally gives actions for injury to goods or chattels three years after accrual. Contract claims, government defendants, releases, and unusual accrual issues can change the date.

Can partial fault reduce an Arkansas diminished value claim?

Yes. Arkansas Code 16-64-122 reduces damages when claimant fault is less than the fault of the party or parties from whom recovery is sought. Equal or greater fault bars recovery; in an ordinary two-driver case, 50% fault can bar the claim.

Is Arkansas’s 70% salvage threshold a diminished-value formula?

No. The 70% threshold concerns salvage-title treatment for damaged vehicles. It does not calculate residual market loss for an ordinarily repaired, unbranded vehicle or require an insurer to use 70% as its economic total-loss test.

Is Formula 17c required in Arkansas?

No Arkansas authority cited on this page requires Formula 17c or its generic 10% cap. Section 27-53-401 uses actual before-and-after value, supported by vehicle-specific market evidence.

Nearby states

*This page provides general information about diminished value claims in Arkansas and is not legal advice. Statutes of limitations and claim rules change and vary by situation. Confirm current law with the Arkansas statutes, your state Department of Insurance, or a licensed attorney before acting.

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Disclaimer

Estimates are educational only—not appraisals, claim offers, or legal advice. Results vary by vehicle, market, policy, and state law. Verify important decisions with a qualified appraiser or licensed attorney.

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