My Car Quest

March 1, 2024

What Is The Average Payout For An Auto Accident?

Getting injured in an accident is very expensive. Not only will you have to pay for medical treatments, which may include surgery and physical therapy, but you may also miss time off of work. You may also have to pay for help around the house and ride-sharing services or taxis depending upon the severity of your injuries.

If you live in the state of New York, your own auto insurance company is expected to pay for your medical bills and auto repair expenses.

It is hard to determine an average payout for auto accidents because every accident is unique. However, there are some common injuries people experience during an accident and there are also some common damages to vehicles that occur in an accident. If you look at the cost of these injuries, you may get a good idea of what an insurance payout should be.

Typical Injuries in Auto Accidents

It is not uncommon for people to experience traumatic brain injuries when they are in an accident. A traumatic brain injury may cost anywhere between $85,000 to $3 million. People who have these injuries are often not able to work again or they are not as able to continue working in their profession.

Concussions are another head trauma that a person is likely to suffer in a car accident. Such an injury can cause chronic headaches. However, concussions may be hard to put a price on.

Back injuries are also very common after a car accident. A herniated disc is one common result of a rear-end accident. Nowadays, a person with this condition can get the disk replaced or an average cost of about $35,000.

Broken bones or bone fractures are also a typical result of an automobile accident. A broken arm or leg that only requires a cast may cost around $2,500. If you do need surgery, it may cost around $17,000 for a broken arm or leg.

Cost of Repairing a Damaged Car

The two most typical kinds of accidents are rear-end accidents and left-turn accidents. They can cause front-end back end and side door damage to a car. The front bumper of a car can cost up to $500.

If a transmission is damaged, it can cost thousands of dollars to replace or rebuild. If your car is older, it may be totaled, and your insurance should pay you the value of the vehicle right before the accident.

Insurance in New York

There are two basic insurance rules in the United States; fault and no-fault. In a fault state, the person who caused the accident is responsible for its associated bills. In a no-fault state, a person’s own insurance should pay for their bills. However, drivers in New York are only required to carry $25,000 of insurance for injury to one person, and your bills may be much more than that.

If your bills exceed your amount of coverage, you may want to consult with a car accident lawyer. An attorney will be well versed in the Empire State’s accident laws, and they may be able to get you the money you need to make a speedy recovery.


What Is The Average Payout For An Auto Accident?
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What Is The Average Payout For An Auto Accident?
Getting injured in an accident is very expensive, you will have medical treatment, which may include surgery and physical therapy, but you may also miss time off of work.

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