Personal Injury

What is the Average Personal Injury Settlement in a Car Accident?

By March 14, 2020 No Comments
What is the Average Personal Injury Settlement in a Car Accident?

Huntington Beach car accident attorneys are the first people you should call as soon as you get into a car accident. Whether the accident is a result of your negligence or the carelessness of others.

If you want to receive compensation for your personal injury, you should get an attorney as it will increase your chances of success. You will most likely get a settlement for your personal injury case with a good lawyer.

Over 60% of the personal injury cases in the United States result in settlements whether as a result of a judge’s decision or an out of court settlement. In fact, less than 4% of personal injury cases go to trial.

Trials are not only time consuming and risky but they are also expensive for everyone involved. That is why many people including those in insurance prefer short cases that end up in settlements.

Typical Compensation for Personal Injury Cases

Settlement payouts for personal injury cases typically range between $3,000 and $75,000. Very few either receive less or more than that range.

It is crucial to note at this juncture that receiving a settlement for your personal injury claim is not assured. You can receive absolutely nothing if you lose the case in court.

With that said, the average personal injury settlement for a car accident in the United States is about $52,000. The number is not absolute as those with more serious injuries may fail to participate in a survey or receive large settlements that are never disclosed.

Factors Affecting the Settlement

As far as a settlement in a personal injury case is concerned, there are many factors that can affect that amount. Insurance companies are the main parties affecting the figures as they are the ones who have to make the settlement.

Another factor that affects the settlement amount is the severity of your injuries. It goes without saying that more serious injuries will result in higher medical expenses hence higher payouts.

The defendant’s insurance policy will also affect the amount of the settlement. The reason is that the defendant’s insurance company will do all they can to pay a settlement that is below the policy’s payout limit.

Other factors that may affect your settlement include the lawyers on both sides of the case and the judge the case.

Benefits of Legal Representation

Having a competent attorney makes a significant difference to whether or not you receive a settlement and also the amount of the settlement. Looking at the numbers is the best way to prove this point because as they say, “numbers never lie.”

The average settlement for victims with lawyers in personal injury cases is $77,000 while that for those who represented themselves is $17,000.

The percentage of victims who received compensation because they had a lawyer by their side is 91% as opposed to 51% for those people who received a payout without a lawyer.

Moreover, those who accepted their first settlement offer received more than those who negotiated. To get a higher settlement takes more time but it is usually worth the wait.

If you want to increase the amount of your settlement call a Huntington Beach car accident attorney today.