Depreciation On Claim Calculator

Work out depreciation on claim instantly with clear inputs, formula shown and shareable results.

About Depreciation On Claim Calculator

On a standard motor own-damage claim the insurer deducts depreciation by material: 50% on rubber, plastic and nylon parts regardless of age, nil on glass, and an age-based scale on metal parts. Labour is paid in full, which is why bodywork-heavy claims settle better than parts-heavy ones.

Formulas

Rubber and plastic

Depreciation = 50% of parts value, at any age

Metal parts

5% under 1 year, 10% to 2, 15% to 3, 25% to 4, 35% to 5, 40% to 10, 50% thereafter

Worked example

With the default values below, Depreciation On Claim Calculator returns Depreciation deducted from the claim of $36,750.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Rubber, plastic and nylon parts value: 28,000
Metal parts value: 65,000
Vehicle age: 4
Labour charges: 12,000

Results

Depreciation deducted from the claim: $36,750.00
Amount payable after depreciation: $68,250.00
Depreciation rate on metal parts: 35.00%
Your share of the repair cost: 35.00%

Step by step

1Values used
2Rubber and plastic
3Metal parts
4Depreciation deducted from the claim= 36,750.00
5Amount payable after depreciation= 68,250.00
6Depreciation rate on metal parts= 35.00
7Your share of the repair cost= 35.00

Assumptions and limits

The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
In particular, this calculator does not take inflation, tax or compounding frequency into account.
Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.

Frequently Asked Questions

Is glass depreciated?

No. Glass is normally replaced without depreciation deduction under standard policies.

How do I avoid these deductions?

A zero-depreciation add-on waives them, usually for the first five years of the vehicle's life and often with a limit on the number of claims.