What do insurance companies pay for pain and suffering?

In calculating how much to offer an accident victim for pain and suffering, insurance adjusters will typically take one of two approaches. One approach is to use a multiplier based on how much they think you are suffering and multiply your economic damages by that amount to arrive at an amount for pain and suffering.

Alternately, the insurance adjuster may assign a ‘per diem’ amount to pay for each day from the date of the accident to the time when you have fully recovered. Either way, the insurance company is likely to discount your pain and suffering and make a low offer to protect their bottom line. An experienced personal injury lawyer can help you seek a settlement that represents the full extent of your pain and suffering.