What is the Average Car Accident Settlement?
One of the most common questions we get is “how much is my car accident claim worth?” While there is no straightforward answer to this, there are a handful of ways you can estimate how much your claim is worth.
Furthermore, knowing how much you are expected to get should help you decide whether you should get a lawyer and take your case to court, or settle out of court with the insurance company. There are circumstances where either is appropriate, so taking the time to educate yourself about these options can be extremely beneficial.
Depending on the nature of your accident, there’s a good chance you are dealing with mounting medical bills, insurance inquiries, and emotional distress, not to mention loss of wages from being unable to work.
Car accidents never seem to happen at the most opportune moment, leaving you to deal with issues you never thought you would have to face. Today we are going to look at some of the top factors that play into a car accident settlement, including how much you should expect and how to calculate the average settlement. If you have been involved in a car accident in Dallas, we encourage you to contact Rad Law Firm today to learn about your rights. We are happy to answer any of your car accident settlement claims and will work with you to make sure the right decision is made.
What Factors into a Car Accident Settlement?
When it comes to determining how much is owed in a car accident settlement, factors such as the severity of the injury to those involved, the physical damage to the vehicle, medical bills, and lost wages will all be considered. Many of these things have a monetary value placed on them, which is important.
However, less tangible side effects of a car accident – such as emotional distress – will also be taken into consideration when determining the settlement amount.
The fact of the matter is that every single car accident settlement is different because no two victims are the same. Considerations include:
- The victim’s annual salary
- The severity of injuries
- The cost of medical care
- The value of the car they were
All of these things will vary from person to person, impacting the total settlement amount you may be owed.
Should I Call a Lawyer?
It can be very difficult to estimate just how much your case will be worth, which is why it is generally recommended that you contact a lawyer. We offer free consultations and are here to sit down with you and determine if filing a lawsuit is the right choice for you. If we determine it is, we will do our best to provide you with an estimated settlement to help you understand what to expect.