How long does it take to receive a car insurance payout after an accident?

I was in an accident last week. How long will it take until I receive a payout from my insurance company?

Answer
Oh no, I hope everyone involved is okay!
The good news is that insurance companies want to resolve claims as quickly as possible, but the actual time can vary depending on a number of factors, including:
  • Your state
  • Type of claim
  • Severity of damage
  • Severity of injuries
Some states have specific laws dictating how long insurance companies have to make a ruling and pay out a claim. For example, California claims must be accepted or rejected within 40 days, and providers have 30 days once a payout is agreed upon. Make sure to check your state laws to see how you could be impacted.
If you are having trouble getting a payout from your provider and need a new policy Jerry can help! The insurance broker app can provide you with competitive quotes in under a minute. Swapping is just as effortless. Jerry takes care of all the paperwork and phone calls, and it even can assist you in canceling your old policy!
Will Baldwin
Answered on Oct 26, 2021
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