GITNUX MARKETDATA REPORT 2024

Car Accident Settlement Duration Statistics

The average car accident settlement duration is typically between 3 to 9 months, but can vary significantly depending on the complexity of the case.

Statistic 1

"On average, it takes between 12 - 18 months to settle a car accident lawsuit."

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Statistic 2

"The negotiating stage of a settlement can take 1 to 2 months."

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Statistic 3

"About 95% of pending lawsuits end in a pre-trial settlement."

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Statistic 4

"In general, it could take one to two years for an auto accident case to reach conclusion after discovery."

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Statistic 5

"More severe cases (major injury, wrongful death) could take 2 to 3 years to resolve."

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Statistic 6

"Typically, the six weeks to three months period is a more common duration for smaller car accident cases to be settled."

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Statistic 7

"Even after a settlement is reached, it can take up to six weeks to receive the settlement check."

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Statistic 8

"The insurance claim filing period after a car accident can range from 10 to 120 days depending on insurance policies and state laws."

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Statistic 9

"The average time it takes to get a car insurance claim settled is between 2-12 weeks."

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Statistic 10

"In extremely complex cases, it could take up to five years or more for a car accident lawsuit to settle."

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Statistic 11

"If the case goes to trial, it could take longer than two years post the filing of the lawsuit for it to settle."

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Statistic 12

"Minor accident claims may be settled within a few weeks of the accident."

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Statistic 13

"Approximately 90% of cases do not proceed past the negotiation phase."

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Statistic 14

"It could take anywhere from 1-2 years to reach a settlement in a car accident lawsuit involving drunk driving."

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Statistic 15

"In a study of car accident claims, the median time to closure was 69 days."

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Statistic 16

"The duration between filing a suit and going to trial can take anywhere from months to several years."

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