Diminished value · Minnesota

2023 Lexus ES diminished value in Minnesota

A 2023 Lexus ES with typical mileage (~40,500 mi) carries an estimated 17c diminished-value range of $538–$1,076 on a pre-accident value around $29,889. Whether you recover it in Minnesota depends on the deadlines and rules below.

Minnesota deadlines and regulator

Statute of limitations:
6 years (property damage) · 6 years (personal injury)
Regulator:
Minnesota Department of Commerce
Consumer line:
(651) 539-1500

Minnesota rules that shape a claim like this

  • Modified comparative fault — barred at 51% or more fault
  • 6-year statute of limitations for personal injury and property damage
  • No-fault PIP state — PIP coverage required
  • Mandatory auto insurance: 30/60/10 minimum liability

Minnesota's Department of Commerce regulates insurance and provides consumer protection. As a no-fault PIP state with a 6-year statute of limitations, Minnesota provides generous timelines for consumers to file claims.

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