Rear-end accident settlements are not the same for every rear-end collision. Similar accidents might be worth dramatically more based on insurance coverage and other factors. The average rear-end collision payout is likely to fall somewhere between $3,000 and $20,000. However, in minor accidents, settlements may be as low as a few hundred dollars. Maximum payouts are much higher in cases where extensive damage or serious injuries are involved.
That’s why the average payout for a rear-end collision is not that important. Instead, injury victims need to understand how much their specific rear-end collision is worth. And to do that, injury victims need to take into account all their accident-related expenses.
This is why many people sometimes end up getting far less money than they rightfully deserve. Insurance companies often only take into account short-term expenses (like emergency medical care and vehicle repairs) when calculating someone’s settlement offer. Your settlement offer should take into account all future, anticipated expenses, which can dramatically increase how much money you should receive for your rear-end accident settlement.
Examples of Car Accident Verdicts and Settlements from Smith & Hassler:
- $1.38M for two clients who sustained mild traumatic brain injuries in an 18-wheeler collision; one of the two clients sustained several fractured bones.
- $800K for a client who sustained back, neck and shoulder injuries in an auto accident at an intersection.
- $537K for a client whose vehicle was T-boned in an intersection crash, resulting in a mild traumatic brain injury and a leg fracture.