GITNUX MARKETDATA REPORT 2024

Accident Insurance Claim Duration Statistics

The average duration for processing accident insurance claims is 30 days.

Statistic 1

"The average time to settle a personal accident claim is between one to two years."

Sources Icon

Statistic 2

"In California, the average auto accident claim can take six weeks to two years to settle."

Sources Icon

Statistic 3

"In the UK, 3 out of 5 accident insurance claims are settled within 3 months."

Sources Icon

Statistic 4

"It takes on average five to seven business days for an insurance company to inspect a vehicle involved in an accident."

Sources Icon

Statistic 5

"For most accident claims involving a health insurance payout, the duration from accident to payment was approximately 1 month."

Sources Icon

Statistic 6

"Nearly 95% of all accident claims are settled before going to court."

Sources Icon

Statistic 7

"After an accident, 1 in 7 people do not file an insurance claim to avoid an increase in premiums."

Sources Icon

Statistic 8

"More than 80% of claims get settled within the first 2 years of the accident."

Sources Icon

Statistic 9

"Injury severity heavily influences claim duration, with severe injuries taking significantly longer."

Sources Icon

Statistic 10

"The time taken to settle a bodily injury claim is decreasing, with the average settlement time down by 5 days since 2010."

Sources Icon

Statistic 11

"It takes around 3 months to process a fire insurance claim but for a motor accident it might take 6-8 months."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!