GITNUX MARKETDATA REPORT 2024

Statistics About The Average Settlement For Car Accident

With sources from: crashstats.nhtsa.dot.gov, iii.org, accidentvalues.com, nolo.com and many more

Statistic 1

The average auto liability claim for bodily injury was $15,785.

Statistic 2

The average auto liability claim for property damage was $3,841.

Statistic 3

In 2017, the average personal injury settlement reached $24,000.

Statistic 4

The higher the vehicle damage, the higher the average settlements, reaching $7,500 if the car was a total loss.

Statistic 5

In two-vehicle crashes, the overall average accident-related medical expenses reported was around $15,443.

Statistic 6

Average car accident settlements for medical bills were estimated to be $50,000 to $75,000.

Statistic 7

Fatal car accident settlements can easily reach $1 million or more.

Statistic 8

Most damage claims from fender benders average around $3,000.

Statistic 9

Most soft tissue injuries (whiplash, sprains) result in settlements between $2,500 and $10,000.

Statistic 10

In accidents where an attorney was involved, the average final settlement was $77,600.

Statistic 11

In accidents where an attorney wasn't involved, the average payout was less than $18,000.

Statistic 12

For crippling car accidents, settlements average between $50,000 and $75,000.

Statistic 13

Car accident settlements for passengers usually average around $25,000.

Statistic 14

Car accidents that include a minor typically result in an average settlement of $30,000.

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In this post, we will explore various statistics related to the average settlements for car accidents. From the average auto liability claims for bodily injury and property damage to the settlements for medical bills and fatal accidents, we will analyze the financial outcomes of different types of car accidents. Understanding these statistics can provide valuable insights for individuals involved in car accidents seeking compensation.

Statistic 1

"The average auto liability claim for bodily injury was $15,785."

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Statistic 2

"The average auto liability claim for property damage was $3,841."

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Statistic 3

"In 2017, the average personal injury settlement reached $24,000."

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Statistic 4

"The higher the vehicle damage, the higher the average settlements, reaching $7,500 if the car was a total loss."

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Statistic 5

"In two-vehicle crashes, the overall average accident-related medical expenses reported was around $15,443."

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Statistic 6

"Average car accident settlements for medical bills were estimated to be $50,000 to $75,000."

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Statistic 7

"Fatal car accident settlements can easily reach $1 million or more."

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Statistic 8

"Most damage claims from fender benders average around $3,000."

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Statistic 9

"Most soft tissue injuries (whiplash, sprains) result in settlements between $2,500 and $10,000."

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Statistic 10

"In accidents where an attorney was involved, the average final settlement was $77,600."

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Statistic 11

"In accidents where an attorney wasn't involved, the average payout was less than $18,000."

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Statistic 12

"For crippling car accidents, settlements average between $50,000 and $75,000."

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Statistic 13

"Car accident settlements for passengers usually average around $25,000."

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Statistic 14

"Car accidents that include a minor typically result in an average settlement of $30,000."

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Interpretation

In conclusion, car accident settlements can vary significantly based on various factors such as the type of claim, severity of injuries, involvement of attorneys, and extent of vehicle damage. From minor fender benders to fatal accidents, the average settlements range from a few thousand dollars to over a million dollars. Personal injury settlements tend to be higher than property damage claims, with medical bills being a significant component of the final settlement amount. In cases involving legal representation, settlements are generally higher compared to those without attorney involvement. Overall, these statistics highlight the importance of understanding the complexities of car accident settlements and seeking appropriate legal guidance to ensure fair compensation for injuries and damages incurred.

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