Insurance company settlement of $550,000 after Car Accident

Arizona $550,000 Car Injury Case settlement example.

In this hypothetical case John, a 45-year-old salesman, was driving through an intersection when another driver ran a red light and collided with his car on the driver's side.

According to the National Highway Traffic Safety Administration (NHTSA), side-impact crashes account for approximately 25% of all motor vehicle fatalities in the United States, making them one of the most dangerous types of accidents.

The impact of the collision caused John to suffer serious injuries, including a broken collarbone, multiple rib fractures, and a herniated disc in his lower back.

These types of injuries are common in side-impact collisions, with the NHTSA reporting that 50% of all serious injuries in side-impact crashes involve the chest and torso.

After seeking medical attention, John decided to seek legal representation and filed a lawsuit against the other driver and their insurance company.

According to the Insurance Research Council (IRC), the average payout for a bodily injury claim in 2019 was $18,417.

His lawyer argued that the other driver was negligent in running a red light and causing the accident, and that the insurance company was responsible for compensating John for his injuries and damages.

After several rounds of negotiations, the insurance company agreed to a settlement of $550,000 to cover John's medical expenses, ongoing care needs, and pain and suffering.