What is the average insurance settlements on auto accident deaths?
There isn't an average. It depends on how much Bodily Injury Limits the other person has. Most people have policies with $20,000 - $25,000 but can go up from there. That's not to say you'll get it all, it depends on what happened in the accident, and if the person who died contributed at all to it. Either way you only get the max on their policy.
Accident "only" insurance is very inexpensive as compared to regular Term Life Insurance. It cost so little, why? It is because the definition of the covered accidents on many policies is very narrow. In some cases in order to be covered you would need to be riding on a "common carrier" that is involved in the accident that kills you. Read all the fine print in particular of the definition of an accident. It is…
Several things can happen: If there are injuries or deaths, possible jail time. If incident is rather minor, one year driver license suspension. * The traffic charges will depend upon the accident itself. If the state has mandatory insurance coverage the person's driving privileges may be at risk. The "at fault" driver is still responsible for all damages and can (probably will be sued) by the other party and his or her insurance provider.