Severity of injury is a major factor determining typical car accident settlement amounts. The Martindale-Nolo survey revealed the average compensation for car accident victims who were not injured was $16,700 while the average award for injured crash victims was $29,700.
How much are most car accident settlements?
The average car accident settlement for cases in which non injury or only minor injuries occurred is much lower (generally between $10,000 – $15,000). Additional auto accident settlement values are as follows: Average car accident settlement: $41,783.00. Average truck accident settlement: $42,909.88.
How much can you get out of pain and suffering?
They usually offer ½ to 1 times your economic damages (medical bills and loss of income) to compensate for your pain and suffering. For example, if your medical bills and loss of income equal $10,000, the insurance company will try to offer up to $5,000-$10,000 for your pain and suffering.
What is the average car accident settlement in Georgia?
Car Accident Settlements With Severe Injuries For car accidents resulting in traumatic brain injuries, spinal damage, or long-lasting injuries, the medical expenses and pain and suffering damages will be higher. Thus, settlements for severe injuries often begin at $50,000 and may range up to $200,000 or more.
How much can you get for pain and suffering in Florida?
Generally speaking, there is no cap on the amount of damages that can be awarded for general pain and suffering in Florida. However, if the lawsuit involves medical malpractice, then there is a limit of $500,000 that can be awarded.
Do I need an attorney to get a car accident settlement?
You do not have to have an attorney and can negotiate with the insurance company on your own. However, an experienced attorney can assist with nego...
How is pain and suffering calculated?
Pain and suffering is the physical and emotional trauma and suffering car accident victims experience. Some insurance companies total the medical a...