Last updated: August 18, 2025

Diminished Value & Total Loss Auto Appraisals in Arkansas: What You Need to Know

Arkansas drivers can recover losses for both diminished value (DV) and fair market value (FMV) claims after a car accident. Whether your vehicle was repaired or declared a total loss, state law allows you to pursue compensation for its true pre-accident value.

This page explains how Arkansas diminished value appraisals and total loss auto appraisals work, what laws apply, key filing steps, and how a professional
SnapClaim report can help you negotiate a fair insurance settlement.

For city-specific information, visit our
Arkansas Diminished Value Appraisal page.

Does Arkansas Allow Diminished Value and Total Loss Claims?

Diminished Value (DV)

Yes. Arkansas recognizes diminished value claims for vehicles that have been repaired after an accident. In MFA Insurance Co. v. Citizens National Bank of Hope (1973), the Arkansas Supreme Court confirmed that vehicle owners are entitled to recover post-repair loss in value when supported by credible evidence.

If you were not at fault and your car was repaired, you can claim the difference between its pre-accident and post-repair market value from the at-fault driver’s insurer.

Fair Market Value / Total Loss (FMV)

Yes. When repair costs exceed the vehicle’s actual cash value, Arkansas insurers must settle for its fair market value prior to the accident. If you believe the insurance offer undervalues your car, you have the right to request an independent Fair Market Value Appraisal prepared with verified Arkansas market data and dealer quotes.

Key Arkansas Laws & Regulations

• DV recognition: MFA Insurance Co. v. Citizens Nat’l Bank of Hope (Ark. 1973) — insurers must pay for diminished value when proven.

• FMV requirement: Arkansas Insurance Rule 43 — insurers must base total loss valuations on comparable vehicles.

• Statute of limitations: Ark. Code Ann. § 16-56-105 — 3 years for property damage, including DV and FMV claims.

• Comparative fault: Arkansas follows a modified comparative negligence rule — you can recover if you are less than 50% at fault.

• Small claims: Arkansas Small Claims Courts handle claims up to $5,000 (Arkansas Judiciary).

• Insurance complaints: File with the Arkansas Insurance Department.

What You Should Document

• Accident or police report: Obtain from the Arkansas State Police Crash Reports.

• Repair invoices and supplements: Include all parts lists, calibration data, and photos.

• Vehicle photos: Before and after repairs, showing VIN and odometer.

• Comparable sales data: Arkansas dealership and private listings from your region.

• Certified Diminished Value or FMV Appraisal from SnapClaim.

Step-by-Step Claim Process

1. Confirm your claim type: Diminished Value (DV) for repaired vehicles or Fair Market Value (FMV) for total loss.

2. Gather documentation: Collect your police report, repair invoices, and vehicle photos.

3. Order a professional appraisal: SnapClaim reports use verified Arkansas comparables and USPAP-compliant valuation methods.

4. Submit a demand letter: Include your appraisal and cite MFA Insurance Co. v. Citizens Nat’l Bank of Hope to support your claim.

5. Negotiate or escalate: If the insurer undervalues your claim, use your report to pursue arbitration or file in small claims court.

Why a Professional Arkansas Auto Appraisal Matters

Insurers often rely on outdated or incomplete valuation systems. A SnapClaim Diminished Value Appraisal or Fair Market Value Appraisal uses verified Arkansas market data, local comparables, and certified methodologies accepted by courts and insurers.

Every report is insurer-ready, court-defensible, and backed by our Money-Back Guarantee.

Ready to Claim Your Vehicle’s True Value?

Start with a free estimate — no credit card required. SnapClaim is Arkansas’s trusted auto appraisal company for diminished value and total loss claims — combining certified appraisers, real-time market data, and AI-driven valuation tools to help you secure the settlement you deserve.

👉 Get My Free Estimate →

Learn More About Arkansas Diminished Value Claims

For more details on eligibility, local laws, and sample reports, visit our Arkansas Diminished Value page to explore regional guides and city-specific resources.

For other states, visit Diminished Value State Laws.

For other states, visit
Diminished Value State Laws.