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QuestionInsurance Question  My new car got hit by another car as I was waiting at a light to merge right, resulting in some minor scratches. I have filed a claim with the other persons insurance company for this. Will this minor accident show up on my car's record and affect the resale value?

AnswerAuto Insurance Answer

If law enforcement was called and an accident report was taken you will need to find out from your state's Department of Motor Vehicles if this accident will be placed on your record with the information of your car listed.

If the accident is filed as public record then companies such as Carfax can obtain this information and place it on the vehicle's history that they allow potential buyers to purchase. CarFax gets its data to make up a vehicle's history from various resources including accident information from the police and state DMVs.

In general minor scratches that can be buffed out and if the car's paint job is treated or redone in the section where the damage was done and it matches up with the rest of the vehicle likely it would not affect the resale value of your vehicle. You could though discuss this issue with a dealership to get their expert opinion in the field of vehicle sales.

If you believe this minor damage will affect your future resale value of your vehicle you can discuss diminished value or depreciation of your vehicle with the at-fault party's claims adjuster. There are states where you can try to negotiate monies in for this while in other states you cannot. Your agent or the insurance adjuster on the claim should be able to advise you if it is something you can request as part of a car accident settlement or not.

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