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7 Reasons Insurers Offer Low Car Injury Settlements

This article will discuss why initial car injury settlement offers are often lower than victims expect.

If you have been injured in a car accident, you may be wondering why the insurance company has offered you such a low settlement. This article will discuss why initial car injury settlement offers are often lower than victims expect.

being offered a car accident settlement

The Insurer is Trying to Protect Their Bottomline

The first reason car accident settlements are often low is that insurance companies want to profit. They’re in business to make money and will do whatever they can to minimize losses. This means they’ll try to settle claims quickly and for as little money as possible.

Insurers  Know That Most People Want to Avoid Going to Court

Another reason insurers may offer a low initial settlement is that they know most people want to avoid going to court. The insurer is banking on the fact that you won’t want to go through the hassle of a long, drawn-out legal battle. And, in many cases, they’re right. The court can be time-consuming and expensive. However, if you do your homework and hire a good injury attorney, you may find that going to court is worth it. An experienced attorney can fight for the compensation you deserve and make sure the insurer doesn’t take advantage of you.

You May Have Said Something That Made The Insurer Believe You’re to Blame for The Accident

Another possibility is that the insurer believes you’re partially to blame for the accident. Even if you didn’t cause the accident, anything you said to the insurer after the accident could be used against you. For example, if you said something like, “I’m sorry, I didn’t see the other car,” or “I should have been paying more attention,” the insurer will likely use those statements against you to reduce the amount of money they have to pay out. So if you’re ever in an accident, it’s important to be careful about what you say and avoid admitting fault. Instead, get in touch with an experienced St. Louis car accident attorney.

The Insurer Believes That Your Injuries Are Not as Serious as You Claim

Another common reason the insurer is offering you a low settlement is that they believe that your injuries are not as serious as you claim. They may try to downplay your injuries or argue they were caused by a pre-existing condition. This is why it’s important to have documented evidence of your injuries, such as medical records, x-rays, and MRI reports.

The Insurer Didn’t Include All of Your Damages in Their Offer

It’s not uncommon for insurance companies to forget to include all of your damages in their initial settlement offer. They may leave out things like lost wages, pain and suffering, or future medical expenses. Be sure to review your offer carefully and make sure all your damages are included before you accept anything.

You Have a History of Injury Claims

If you have a history of filing injury claims, the insurance company may use it as an excuse to offer you a low settlement. They may argue that you are more likely to file a claim for any injuries, no matter how minor.

You Don’t Have Much Documentation

If you don’t have much documentation to support your claim, the insurance company may use it as an excuse to offer you a low settlement. They may argue that there is not enough evidence to show that your injuries were caused by the accident.

These are just a few of the reasons why insurance companies may offer low settlements. If you are in an accident, it’s important to seek legal counsel immediately so you can be sure you are getting the full and fair compensation you deserve.

St. Louis Car Accident Lawyer

At The Hoffman Law Firm, our experienced personal injury attorneys are ready to help you fight for the compensation you deserve. We have a proven track record of success and are here to help you every step of the way. Contact us today for a free consultation.

Free Consultation with a St. Louis Car Accident Lawyer

Don’t talk to an insurance claims adjuster before speaking with The Hoffmann Law Firm, L.L.C. We can help you avoid making statements that may affect the outcome of your case. The consultation is free; you don’t pay unless we get you money!

Free Consultation (314) 361-4242
Updated: November 9, 2022