What Is the Average Settlement for a Car Accident?
Following a collision, you may have questions regarding the average settlement for a car accident. The bottom line is that every case is different. Every claim is as unique as the motor vehicle accident that prompted it. Since no two cases are exactly alike, calculating the average settlement for car accident claims is difficult.
Yet, nearby skilled attorneys for accidents involving vehicles may be able to assess the details of your case and provide a personalized estimate regarding the cost of your damages.
Factors that Could Influence the Outcome of Your Case
If you have been injured in a car accident, your bills may be piling up faster than you can settle them. If another party’s negligence caused your accident, you may be able to settle your claim with an insurance settlement.
However, the amount of compensation you could receive could rest on the following factors:
The Severity of Your Accident
Minor accidents rarely cause extensive damage to either the vehicles or their occupants. With less money at stake, insurance companies are more inclined to resolve these matters quickly. However, serious collisions are more likely to result in extensive damage, costly repairs and medical treatments, and severe emotional turmoil.
Because serious accidents tend to result in serious consequences, the severity of your accident could affect the amount of money you could receive.
Whether You Can Resolve Your Case Out of Court
Deciding whether to file a lawsuit is a personal choice. The decision you make, however, can have a significant impact on the amount of money you can receive. While settling out of court can reduce legal fees and potentially expedite the financial recovery process, the insurance company may offer you less than you deserve.
Bringing your case before a judge not only could help you recover the full scope of your damages, but it can also hold another party accountable for their actions in a court of law.
The Cost of Your Damages
One way to estimate the value of your case is to calculate the cost of your economic damages. By using your medical bills, employment records, pay stubs, and property damage receipts, you can assert that your damages have a verifiable monetary value.
According to the American Bar Association (ABA), some types of economic damages that could affect the value of your car accident case include:
- Your medical bills
- Rehabilitation costs
- Lost wages, bonuses, tips, income, and employee benefits
- Future reduced earning capacity
- The damage to your vehicle
A car accident attorney will compile your medical records and secure documentation from your employers to calculate the value of your case. Your legal team’s goal is to help you recover compensation for all of the ways that your accident has harmed you.
For a free legal consultation, call (855) 605-2959
How a Car Accident Lawyer Can Help You Resolve Your Case
Some insurance adjusters are trained to extend the lowest possible settlement offers. They sometimes take advantage of bewildered claimants or employ bad faith insurance practices to derail claims. By teaming up with a lawyer, they can help you address the challenges that could impede your right to fair compensation.
This includes managing all insurance communications and negotiations. A lawyer can also help you by:
Identifying the At-Fault Party
Your lawyer will need to determine what caused your accident so that you can recover fair compensation. The at-fault party in your case will be based on the circumstances of your collision. For instance, if you were rear-ended by a drunk driver, that motorist could be held financially accountable for your damages.
However, if your accident was the result of poor roadway conditions, you could have a case against a government municipality. You do not need to worry about assigning fault and liability for your damages. A car accident lawyer can do that for you.
Managing the Evidence Collection Process
Your lawyer will need to use evidence to build your car accident case.
Some pieces of information that could help them prove your case include:
- Traffic camera footage
- The police report
- Photos of your injuries, vehicle’s damage, and the accident scene
- The results of your x-rays and other diagnostic exams
- Statements from witnesses and third-party field consultants
You generally have two years to file a lawsuit, per NRS §11.190(4)(e). You may want to consider how a car accident lawyer can help you as soon as you can.
Contact High Stakes Injury Law to Learn More
A car accident lawyer could act as your advocate. They can consult all relevant experts to accurately quantify your losses and build a case that holds up in court. If you have been injured (or lost a loved one) as a result of another party’s negligence, you have legal rights.