What is Average Settlement Amounts for Rear End Collision?

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What is the Average Accident Settlement Amount
for Rear End Collision?

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The average settlement for a rear end collision
consists of both tangible and intangible costs.
While you can easily calculate medical expenses,
the other quality of life costs are harder to
determine. We'll explain what you need to know
about proper compensation.
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What Do I Need to Know about Rear End Collision
Accidents? According to the National Highway
Traffic Safety Administration (NHTSA), there were
about 6,296,000 police-reported traffic crashes
in 2015. Rear end collisions accounted for nearly
30 percent of wrecks or over 1.8 million.
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It is one of the most common types of
accidents.There has been a steady uptick of rear
end collisions with over 1.6 million in 2011 and
more than 1.7 million in 2012. Personal injuries
and its expenses tell only one part of the story. 
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Other expenses include lost productivity,
insurance costs, and legal and court fees. The
NHTSA estimated the direct costs of all motor
vehicle accidents at 242 billion. Taking into
account the indirect costs of things such as the
impacts on quality of life puts the total value
of societal harm at over 836 billion.
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The Most Common Causes of Rear End Collisions A
study by the NHTSA found that the most common
causes of rear end crashes were distracted
driving, unexpected changes of events, and poor
visibility.
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Unsafe driving behaviors like speeding and
following too closely also increased the
likelihood of wrecks.
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What Is My Risk? The NHTSA study found that men
are 1.2 times more likely to have a rear end
collision than women. Drivers between the ages of
25 to 34 years represented another high-risk
group being 1.9 times greater rate of accidents
than other age groups.
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You may think that weather is a major factor, but
the NHTSA found that most crashes occurred during
daylight on straight, level roads that were dry.
As you may expect, they are more common in
business locations with over 60 percent happening
in intersections or on ramps.
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How Is My Accident Claim Paid? How your
insurance company pays your car accident
settlement amount depends on who is at fault and
if the accident claim is for vehicle damage or
personal injuries.
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Your collision coverage will pick up the tap for
damage to your car if you're at fault. Your
property damage liability coverage comes into
play to pay for damage that at-fault drivers
cause to others. Coverage for physical injuries
depends on your state.
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If your state has no-fault insurance, the injured
individuals are paid by their first-party
personal injury protection coverage. If your
state has a traditional tort insurance system,
then the person at fault will pay for the costs
of personal injuries.
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In this case, your medical payment insurance will
cover your at-fault expenses. Bodily injury
liability coverage handles at-fault drivers and
your at-fault costs.
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What Is the Average Settlement Rear End
Collision? When it comes to determining a car
accident settlement amount, there are both the
tangible costs of damage and medical bills as
well as the intangible ones of pain and
suffering.
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We will consider each of these separately.
Remember, there is no typical case.
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An average figure for collision coverage claims
is much higher than the reality. That is true
because one large settlement amount can skew the
data to imply a much higher claim.
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The Distribution of Property Damage Liability
Coverage Claims According to the Insurance
Institute for Highway Safety, the average
property damage liability accident claim is
3,115. As you may expect, minivans and large
stations wagons had the lowest claim severity,
while small luxury cars had the highest.
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Examples of Rear End Collision Settlements Some
rear end collisions stand out as extreme examples
of settlements. Take the case of Vishnu Siew from
New York. Siew's stopped car was hit from behind
on on December 26, 2012. He suffered neck
injuries at the time and later had to have
cervical fusion surgery.
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Siew sued the owners of the vehicle that hit him
four years later. The case was settled for
537,500 and 58,158 in Workers' Compensation
benefits. This example shows the lingering
effects of these accidents. It also provides a
good example of the indirect costs.
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Other times, rear end collisions can cause
unexpected consequences. On November 1, 2013,
Alfred and Ana Maria Sanchez were rear-ended and
pushed into oncoming traffic on Interstate 10 in
Yucaipa, California. Ana Maria suffered abdominal
and spinal injuries.
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The Sanchez couple took their case to court in
June 2014. It was settled in January 2017 for
2,331,075.08. While it may seem excessive, it's
worth noting that Mrs. Sanchez may likely suffer
from chronic pain for the rest of her life.
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Larger settlements often occur with cases where
treatment including surgeries is ongoing. Such
was the case following the 2011 rear-end
collision involving Keisha Baa of New York.
Direct medical costs played a major role in this
settlement.
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Evidence presented in court stated that an abrupt
lane change by a city sanitation truck caused the
rear end collision. Baa suffered multiple
injuries that have required six surgeries. She
has been unable to work since the accident,
adding to her financial losses.
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The case was finally settled in March 2017. The
final settlement was a 4 million. As with the
other examples, quantifying compensation for
injuries can be problematic at the time of the
accident. It may take some time before the actual
direct medical costs is determined.
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How Do I Get Compensated for Pain and
Suffering? The gray area when it comes to rear
end collision settlements exists with personal
injuries and their costs. It has two parts
direct medical expenses and intangible costs. The
former is straightforward with documentation that
you can easily obtain.
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For the quality of life costs, you should
document your course of treatment, working
closely with your primary care physician. You
should stick with traditional medicine rather
than alternative treatments since the scientific
evidence supporting them is limited, explains
Mayo Clinic.
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And your insurance company may not cover these
treatments. Rear end collision settlements vary
simply because people respond differently to
treatment. Sometimes, injuries can cause chronic
pain that lingers long after an accident, making
it more difficult to quantify.
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A general rule of thumb is to multiply the direct
costs by 1.5 to 4 to come up with the total
settlement costs. For example, if you had 1,000
in direct costs, your total settlement would
range between 2,500 to 5,000 using this range.
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You can also use our rear ended settlement
calculator to determine your collision amount The
extent of your injuries and response to treatment
will help to determine where you fall in this
range. Expenses such a physical therapy or
ongoing pain management will push your settlement
toward the higher end of the scale.
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If we look at the NHTSA figures, the quality of
life costs are 3.45 times the amount of the
direct costs of an accident. The estimates fall
in line with what the research has determined for
the intangible costs.
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Rear end collisions account for about one-third
of motor vehicle accidents. Distracted driving is
the most common cause. The average rear end
collision settlement takes the direct costs and
adds 1.5 to 4 times this figure to determine the
total amount you should receive. Source-
http//www.after-car-accidents.com/average-settlem
ent-rear-end.html
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