Diminished value · South Carolina

2024 Ford Mustang diminished value in South Carolina

A 2024 Ford Mustang with typical mileage (~27,000 mi) carries an estimated 17c diminished-value range of $945–$1,889 on a pre-accident value around $29,520. Whether you recover it in South Carolina depends on the deadlines and rules below.

South Carolina deadlines and regulator

Statute of limitations:
3 years (property damage) · 3 years (personal injury)
Regulator:
South Carolina Department of Insurance
Consumer line:
(803) 737-6160

South Carolina rules that shape a claim like this

  • Modified comparative fault — barred at 51% or more fault
  • 3-year statute of limitations for personal injury and property damage
  • Mandatory auto insurance: 25/50/25 minimum liability with uninsured motorist

South Carolina Department of Insurance regulates the insurance marketplace and assists consumers. The state requires uninsured motorist coverage on all policies, providing additional protection when the at-fault party lacks adequate insurance.

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