GITNUX MARKETDATA REPORT 2024

Statistics About The Average Auto Accident Settlement

The average auto accident settlement amount in the United States ranges from $14,000 to $28,000 depending on various factors such as severity of injuries and liability.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

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In this post, we will explore the intricacies of average auto accident settlements, shedding light on the diverse range of factors that contribute to the final settlement amounts. From the duration of negotiations to the types of injuries involved, we will delve into the statistics surrounding auto accident settlements to provide a comprehensive understanding for those navigating the aftermath of such events.

Statistic 1

"On average, negotiating the settlement takes between 3 to 6 months."

Statistic 2

"Settlements for minor injuries in car accidents range from $10,000 to $15,000."

Statistic 3

"Whiplash injury settlements average between $2,500 to $10,000."

Statistic 4

"Settlements for accidents involving commercial vehicles average around $117,000."

Statistic 5

"70-90% of car accident claims are settled out of court."

Statistic 6

"Rear-end collision settlements typically average around $2,500 to $10,000."

Statistic 7

"Cases with uninsured or underinsured motorists settlements average around $15,000."

Statistic 8

"Car accident settlements involving spinal cord injuries typically exceed $100,000."

Statistic 9

"Jury awards are usually higher, averaging 2-3 times the settlement amounts."

Statistic 10

"Settlements involving significant injuries can average between $50,000 and $75,000."

Statistic 11

"Fatal accident settlements can exceed $1 million."

Statistic 12

"The average settlement for a brain injury case is approximately $100,000."

Statistic 13

"Soft tissue injury settlements typically range from $5,000 to $20,000."

Statistic 14

"Approximately 5% of cases go to trial; the rest are settled out of court."

Statistic 15

"The average auto accident settlement in the U.S. ranges from $14,000 to $28,000."

Statistic 16

"Settlements for cases involving broken bones average between $15,000 and $30,000."

Statistic 17

"Emotional distress damages range from $30,000 to $100,000."

Statistic 18

"The average settlement time frame is between six to nine months."

Statistic 19

"Settlements for accidents with serious long-term impacts can be over $500,000."

Statistic 20

"Medical expenses account for roughly 60% of total settlement amounts."

In conclusion, auto accident settlements can vary significantly depending on the nature and severity of the injuries involved. Negotiating settlements typically takes between 3 to 6 months, with a majority of cases being settled out of court. Settlement amounts can range from a few thousand dollars for minor injuries to over a million dollars for fatal accidents or cases involving serious long-term impacts. Medical expenses play a significant role in determining the total settlement amount, accounting for roughly 60% of the total. It is crucial for individuals involved in car accidents to seek legal advice to ensure they receive fair compensation based on the specific circumstances of their case.