GEICO First Injury Settlement Offer: How Much?

Our advice in severe injury cases to clients is that you have to bring a lawsuit against a GEICO insured as opposed to accepting a pre-suit settlement offer if you want to get as much money as you can for your claim.

Elsewhere 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. But those are "end of the day" answers. Many victims want to figure out something far more immediate: how much of a first settlement offer can I expect GEICO?

How Much Should You Expect for GEICO's First Settlement Offer?geico first offers are bad

GEICO's first settlement offer will probably not be for much compared to the seriousness of the case. 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 bills. So we pulled some random first settlement offers along with the amount of the client's medical bills to give you some idea of what you might be able to expect. We do not think this kind of data is available anywhere else. We have looked everywhere ourselves to find something similar.

Remember, these are first settlement offers.

First OfferAmount of Medical Bills

*Indicates policy limits offer

What Does This Data Tell Us?

First, let's talk about what we have done here. We have pulled cases largely at random of auto accident cases that Miller & Zois has had with GEICO in recent years. We are not providing any relevant facts about the type of injury, the crash itself, lost wages... almost every vital fact you would want to know about the case to properly value it and what a reasonable payout would be.

So why do these statistics have any meaning at all to calculate GEICO car accident settlement amounts? Well, when you throw out the outliers, the numbers fall into a predictable pattern. But keep in mind too that GEICO's first settlement offer also does not correctly value the case. The company's first offers fall into one of three categories:

  1. Low
  2. Crazy Low
  3. Are you kidding me?

So this is interesting data. I think it gives victims enough cases to look for trends and patterns. In conjunction with sample verdicts and settlements in similar cases, you might be able to begin to pin down a value range for your case. But you have to keep in mind how impossible it is to conclude anything based on this evidence alone as to the actual value of your case. There are just too many variables involved. But it does tell you something about the value of your case in relative terms.

GEICO's First Offers Are Not Close to Fair Offers

We are talking about GEICO, and this insurance company does look to make low ball settlement offers even more than most other insurance carriers. But first offers are likely to be unfair from almost any insurance company. We pulled up this statistic from our files in putting these statistics together that even surprised us: just 3 of the 39 largest settlements and verdicts our law firm has had in the last 12 years were cases that settled before filing a lawsuit.

Every insurance company is going to blink a bit when a lawsuit is filed.  GEICO blinks more than most.  They usually switch adjusters when a lawsuit is filed and the new adjuster promptly throws the old one under the bus and say the claim was undervalued. 

In two of those three cases, the insurance company settled the case for reasons that had nothing to do with the fair value of the case; the other was a wrongful death claim. Sometimes, our clients do take the first offer, particularly in smaller cases, because of personal considerations. There is nothing wrong with this as long as you fully understand that you are probably leaving a lot of money on the table if you take the first offer or even settle without filing suit.  The payouts are often higher if you file suit.  This is particularly true in more serious injury cases.

Getting a Weapon to Fight GEICO

We have handled hundreds of claims against GEICO and have helped a lot of people get the money they deserve for their injuries. For help in your fight, call us at 800-553-8082 or fill out this brief free claim evaluation form.

Contact Us For a Free Consultation

1Free Consultation

2Available to talk NOW - 24/7

3No fees unless you WIN

Miller & Zois clients have received over $100 Million in verdicts and settlements. Let us fight for you!

Client Reviews

They quite literally worked as hard as if not harder than the doctors to save our lives. Terry Waldron
Ron helped me find a clear path that ended with my foot healing and a settlement that was much more than I hope for. Aaron Johnson
Hopefully I won't need it again but if I do, I have definitely found my lawyer for life and I would definitely recommend this office to anyone! Bridget Stevens
The last case I referred to them settled for $1.2 million. John Selinger
I am so grateful that I was lucky to pick Miller & Zois. Maggie Lauer
The entire team from the intake Samantha to the lawyer himself (Ron Miller) has been really approachable. Suzette Allen
The case settled and I got a lot more money than I expected. Ron even fought to reduce how much I owed in medical bills so I could get an even larger settlement. Nchedo Idahosa