Median jury awards in motor vehicle tort trials dropped to $17,000 in 2005 from $41,000 in 1992. I don’t know about you but this underscores to me that auto accident verdicts are not driving car insurance rates.
The picture is different in medical malpractice and product liability lawsuits. Product liability trials had median awards at least five times higher in 2005 than in 1992. Medical malpractice trials median awards more than doubled to $682,000 in 2005 from $280,000 in 1992.
I realize this data is a bit dated – 2005 – but that is how we typically get personal injury statistics… a little dated.