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Here’s How Much Money You Can Get From a Car Accident Settlement

You’ve been in a car accident and it wasn’t your fault. The medical bills are piling up and you’re not sure what to do about it.

Some people suggest that you look into going for a settlement but you’re not sure it is going to be worth it. You’re wondering how much to expect from a car accident settlement if you do decide that’s the route you want to go.

Continue reading this article and we’ll help you understand more about the typical car accident settlement and what you might expect.

The 101 on How Much to Expect from a Car Accident Settlement

You can find out how to deal with a car accident when you work with a lawyer that understands the process. For now, let’s get you through some of the basics.

Know There are Differences By State

Depending on the state you’re in, you may get more or less compensation for your injuries and pain and suffering.

Beyond all of the calculations and formulas, the real number you need to know is how much money you’d have to get to give up your right to pursue further legal action against the at-fault party.

Average Settlement Amounts

While it may differ from case to case, here are some guidelines you can follow as to what the average settlement amounts are.

  • Minor Injuries – $10,000 to $25,000
  • Long-Lasting and Surgery-Requiring Injuries – $50,000 to $75,000
  • Spinal Injuries without Paralysis – $75,000 to $100,000
  • Brain Injuries – $100,000 to $250,000
  • Paralysis and other Debilitating Injuries – Hundreds of thousands or even millions.

The best thing you can do is speak to an attorney that can help you understand your rights.

Giving Yourself the Best Chance at a Settlement

When you’re trying to get a good settlement, you need to give your attorney all of the facts.

Make sure you do not speak to any insurance companies and never admit fault. Even if you say something like, “I feel so bad” could make you sound like you’re the party that is at fault.

Gather as much evidence as possible about the accident. You should gather police testimony and even secure witnesses that are willing to come in and testify in court.

Your hope is to not have to go to court and go through a long and drawn-out case but if you have to, you want to be as prepared as possible.

There are even accident reconstruction specialists that can work with you to help a jury understand what happened and why you are due compensation. Being able to see the scene of the accident is sure to sway the jury in the right direction.

Stay in the Know About the Law

Now that you know how much to expect from a car accident settlement, why not learn more about the law? Understanding the laws that govern us make us better citizens and can help us through different situations.

Navigate through our site, find your favorite section and drop a bookmark to come back for more great reads.

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