Depreciation - Auto Insurance Glossary at Automotive.com
»Locate a Dealer»Find a Used Car»Get Financing

Definition

Depreciation A decrease in the value of property (Automobile) over a period of time due to wear and tear or obsolescence. Depreciation is used to determine the actual cash value of property (Automobile) at time of loss.

Select an Insurance Term

AUTO INSURANCE RATE CHECK

Free Car Insurance Quote
See how much you should be paying on car insurance
Start by entering the zip code of where you park at night