GEICO's initial settlement offers are usually no more than 20% of the total medical expenses. So why do these statistics have any meaning at all? Well, when you throw out the outliers, GEICO has a pretty predictable pain and suffering calculator. Our lawyers are not providing in this chart any relevant facts about the type of injury, the crash itself, lost wages, or other factors-almost every vital fact you would want to know about the case to properly value it and what a reasonable payout would be. We have pulled cases largely at random of auto accident cases that Miller & Zois has had with GEICO in recent years. *Indicates policy limits offer What Does This Data Tell Us?įirst, let's talk about what our attorneys have done here. Remember, these are first settlement offers and the amount of claimed medical bills. We have looked everywhere ourselves to find something similar. We do not think this kind of data is available anywhere else.
We pulled some random first settlement offers in car accident cases along with the amount of the client's medical bills to give you some idea of what you might be able to expect. At Miller & Zois, we went through some old files to try to give victims an idea of how much money GEICO offered compared to the client's medical expenses. GEICO's tends to make extremely low first settlement offers. Many victims want to figure out something far more immediate: how much of a first settlement offer can I expect from GEICO? How Much Should You Expect For GEICO's First Settlement Offer?Įlsewhere on this website, we offer information about the settlement value of car and truck accident claims and provide examples of settlements and verdicts that our firm and other lawyers have had in cases against GEICO. Read what our personal injury lawyers have written about the value of auto accident cases here. We provide statistics and sample cases based on your type of injury. The nature and severity of your injury will dictate the potential value of your claim with GEICO. The starting point of understanding the value of your case against GEICO has nothing to do with GEICO. GEICO does not have a standard formula that they use to calculate damages.
Video on how to maximize your GEICO Claimĭetermining the Value of Your GEICO Claim.Frequently asked victim questions on dealing with GEICO.Examples verdicts and settlements for GEICO claims.How much money can I expect on GEICO's first settlement offer?.
If you have a claim against GEICO or a GEICO insured in Maryland or Washington, D.C., call us at 80 for a free consultation or fill out this free case review form today.Īre you here with specific questions about your GEICO claim? Our lawyers have created shortcuts if you have a particular topic of interest:
GEICO rarely offers a fair settlement offer before trial. What you need to know about GEICO is that this insurer softens up the deeper you get into the process. This page can be a resource to help you better understand how GEICO values and defends accident claims. So, you have to be prepared for battle in personal injury cases. Will GEICO try to pay you less than the value of your car accident claim? They absolutely will. If you are trying to maximize the settlement value of your personal injury claim in Maryland, you want to have every weapon you can to understand the true value of your case. If you have not figured that out yet, you will. GEICO is a difficult insurance company to deal with. This page was last updated in January 2021. But most of what you will learn will apply in any state in the country. This page is focused on claims against GEICO in Baltimore, Maryland and the surrounding area. Learn the secrets they don't want you to know and get the most money you possibly can out of your claim. The purpose of this page is to help you understand the settlement value of your case against GEICO and to give you weapons to maximize the settlement value of your claim.