An Internet-based (web-based) system and method for allowing a vehicle owner to obtain a fair repair estimate for a vehicle. The system and method allows information relating to the vehicle to be repaired and the components of the vehicle to be repaired or replaced to be entered by the vehicle owner into the user interface of a repair estimating website. Geographic location information may also be provided to facilitate the preparation of a more accurate estimate. The system and method retrieves necessary information from one or more databases and provides the information to one or more software applications that are used to quickly generate an electronic repair estimate. Various options may be selected to customize the repair estimate and to allow for other actions.