Diminished value · Ohio

2024 GMC Sierra diminished value in Ohio

A 2024 GMC Sierra with typical mileage (~27,000 mi) carries an estimated 17c diminished-value range of $1,063–$2,125 on a pre-accident value around $33,210. Whether you recover it in Ohio depends on the deadlines and rules below.

Ohio deadlines and regulator

Statute of limitations:
2 years (property damage) · 2 years (personal injury)
Regulator:
Ohio Department of Insurance
Consumer line:
(800) 686-1526

Ohio rules that shape a claim like this

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

Ohio Department of Insurance oversees one of the largest insurance markets in the Midwest. Ohio uses modified comparative fault and has a 2-year statute of limitations, requiring prompt action from claimants.

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