What Is the Settlement Amount for a Minor Car Accident?
Minor car accident settlement amounts can range from a few thousand dollars to over $20,000, depending on the extent of the injuries and the medical bills. But a car accident claim that appears “minor” at first can look very different as time goes by.
First, Make Sure Your Injuries Are as “Minor” as They SeemOne of the most frustrating types of calls we get goes something like this. “Hi, I was in finder-bender, and I settled the claim with the insurance company a few days after the crash. It seemed like I was fine. Now it turns out that my injuries more serious than they first thought. Can you get me out of this?” Unfortunately, the answer is almost always, “I’m very sorry, but there’s nothing we can do. You signed a release, and you no longer have a claim.” If you are in a car accident, you will probably start hearing from the opposing insurance company on a regular basis. Insurance companies have several reasons for wanting you to settle your claims as quickly as possible:
- If you settle your claim before you have an attorney, the insurance company is likely to pay less money;
- Insurance companies like certainty, and once they close a claim, they know the amount of their exposure; and most importantly
- Once the claim is settled, the risk of your injuries being worse than you anticipated falls on you, not on them.