What is the Average Settlement for Car Accident Claim?

What is the Average Settlement for Car Accident Claim?

One of the most common questions we get from the injured individuals is: how much is our case worth? To understand how the value of your case is calculated, you have to take into account many different factors:

  • Lost wages
  • Medical expenses
  • Injuries sustained
  • Damages to your vehicle
  • Pain and suffering

Once everything is taken into account separately, we could get a number stating how much your case is worth.

But what is the average settlement for a car accident claim? We talked with auto accident lawyer Los Angeles, and he provided us with the following information.

Who Provides The Settlement?

The most important thing you need to understand is that the driver who is at fault does not pay out of his/her pocket. If they have insurance, it is their insurance company that will compensate you for your injuries.

Everything has a price (medical expenses, car repairs), but the hard part is calculating the settlement for your pain and suffering. There is no special formula that can calculate how much pain you felt and how much you suffered after the accident. However, once everything is taken into account (your injuries, treatments, medical expenses), a certain sum will be brought up by the insurance company.

Normally, an average settlement can range anywhere from $10,000 to $30,000, based on the seriousness of the injuries sustained, the damages were done to the victim’s vehicle and the total amount of medical expenses. If the victim required one or more surgeries, both their settlement and their medical bills will be higher.

It is important to understand where the settlement comes from in order to be prepared for negotiations. Have realistic expectations to avoid disappointment.

You Have To Contact An Attorney

If you believe that you can represent yourself and still receive the settlement you deserve, guess again. According to statistics, individuals who suffered injuries after an accident and who didn’t have proper legal representation had a 40 percent success rate. And those who did succeed in getting their settlement received around 60 percent less than they should have received.

With an attorney by your side, your chances of success increase to 70 percent. That is a pretty fair deal, as every accident has two sides and two stories. In order to receive the settlement for the injuries you sustained, you have to be able to prove the other party’s negligence. This is where Los Angeles Car Accident Attorneys from Law Offices of Howard Craig Kornberg come into play. With their legal experience and resources, they will handle your case with ease, conduct a proper investigation and find the right evidence to prove that it was indeed the other party’s negligence that causes the accident. Additionally, they will negotiate the deal with the insurance company on your behalf, ensuring that you receive the highest amount possible.

Keep in mind that all of our attorneys work on a contingency fee, and will not receive any payment if they are not successful. This motivates them additionally to succeed in recovering your settlement, as the more they secure for you, the higher their payout will be. It is a win-win situation. Now that you know that you have nothing to lose, what are you waiting for? Give us a call today!