What is the average settlement amount for uninsured motorist claims with State Farm insurance?

The average settlement amount for uninsured motorist claims with State Farm insurance can vary widely, but a 2021 case in New Jersey resulted in a $100,000 settlement for a minor who suffered a right eyelid laceration in an intersection collision.

In Oklahoma, a 2023 verdict resulted in a $20,000 settlement for a plaintiff who was a passenger in a vehicle involved in a rear-end collision with an uninsured motorist.

State Farm's uninsured motorist coverage pays for medical expenses, lost wages, and other damages up to the policy's limits, which can range from $25,000 to $1 million or more, depending on the policy.

In Maryland, a class-action lawsuit was filed against State Farm for allegedly failing to reimburse rental car costs on claims covered by its uninsured motorist coverage, resulting in a settlement agreement.

In 2015, a couple, Charles and Bernadette Cook, involved in a crash with an uninsured motorist, claimed under their State Farm policy, but State Farm refused to pay the awarded amounts, citing an Illinois statute.

State Farm's UM coverage limits can vary depending on the policy, but typically range from $25,000 to $500,000 or more per occurrence.

Policyholders who are dissatisfied with State Farm's initial settlement offer may need to negotiate further or seek the help of an attorney to ensure they receive a fair settlement.

Keeping detailed records of medical expenses, lost wages, and other related documents is essential to support a claim and negotiation process with State Farm.

State Farm's adjusters investigate the claim and negotiate a settlement with the policyholder, taking into account the severity of the injuries, medical expenses, and other factors.

Uninsured motorist coverage is mandatory in some states, including Maryland, which requires a minimum of $30,000 per person and $60,000 per occurrence.

In Kentucky, State Farm reached a $135 million settlement with the state's attorney general's office over allegations that the insurer failed to adequately inform customers about uninsured motorist coverage.

In 2020, a class-action lawsuit was filed against State Farm, alleging that the insurer failed to pay adequate benefits to policyholders who were injured by uninsured motorists in Maryland.