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You can get compensation for your injuries when you get hurt in a car accident. The amount of your car accident settlement depends on several factors, including the quality of your lawyer.
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Traffic Accident Settlement Payouts
Insurance companies have almost complete control of the value of car accident settlement payouts. If you do not hire a car accident lawyer, the car insurance company will determine how much your claim is worth and offer you an amount without negotiating. Hiring an attorney to represent you will likely increase your payout by almost 400%.
Depositions in an Auto Accident Lawsuit
When you file a car accident claim, the insurance companies involved will investigate the accident to determine what happened, who was at fault, and how much compensation should be paid. If you disagree with that assessment, you can file a lawsuit.
In a lawsuit, your attorney will take depositions from witnesses to the accident and other experts. These depositions are the type of evidence you need to prove your claim.
How Is an Auto Accident Settlement Calculated in a Car Accident Lawsuit?
There is no perfect car accident settlement calculator. Attorneys and insurance companies start any calculations by determining how much the evidence suggests your compensation is worth.
Then, both parties calculate the likelihood that you will succeed in court with that evidence. Multiplying that likelihood (as a percentage) by the value produces a starting point for settlement negotiations.
What Are Typical Car Accident Settlement Amounts With Injury?
The average claim value for an accident involving bodily injuries in 2022 was $24,211. However, the average value is higher than the median value, and the details of the case significantly affect payouts.
Typical Car Accident Settlement Amounts: No Injury
When no one is injured, the only money you are likely to get is for damage to your vehicle. According to the previously mentioned survey, the average collision compensation in 2022 was just slightly less than $6,000.
Average Settlement for Car Accident: Back and Neck Injury
In an accident involving back or neck injuries, you will probably require extensive therapy after receiving medical care. Car accident physical therapy settlements are included in the total of your settlement. The average settlement should be higher than with most other types of injuries.
To get the money you deserve, you shouldn’t accept a settlement until you have started doing therapy and know how much it will cost.
How Long Does the Car Accident Settlement Process Take?
The car accident claim process can take a variable amount of time. However, there is a time limit: the statute of limitations in your state.
The settlement process is unlikely to take more than two years in Nevada. If you have not filed a lawsuit within the statute of limitations, the insurance company has no reason to work with you.
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How Much Is My Car Accident Claim Worth?
The answer to this typically depends on several factors. Car accident lawyers at our law firm will explore your case with you and help you understand what your claim is worth before you begin the claims process. This will help you decide whether to accept a settlement offer or continue with negotiations or possibly a lawsuit.
Factors That Affect the Value of an Automobile Accident Settlement
These factors will affect the value of your settlement:
Injury Severity
The more seriously you are injured, the more you suffer. That is a significant factor when determining compensation for pain and suffering.
Financial Expenses and Losses
Any settlement should, at a minimum, fully compensate you for any losses or expenses, including lost wages, medical bills, and other expenses related to your injury.
State Laws
If you did a web search for the “average settlement for a child in a car accident,” the result might differ depending on what state you live in. Some states have laws that either limit compensation for specific types of accidents and injuries or that effectively increase settlement amounts by giving special status to a type of accident or injury.
Evidence of Fault
The more evidence you have that the other party is at fault, the more compensation you will likely get. If the insurance company thinks you will win at trial, it will offer a higher settlement.
Relevant Insurance Policies
Insurance companies are only responsible for paying for something that is insured. If you or the at-fault party doesn’t have the right type of insurance, you may not be able to get compensated.
What To Do To Get the Highest Possible Car Accident Settlement
After you are injured in a car accident, document everything; it is critical to getting the most money possible in a settlement.
Furthermore, contact a car accident lawyer immediately. The sooner they can take your case, the more money you are likely to receive. Never accept any offer from an insurance company until your lawyer has had a chance to review the offer.
Contact an Experienced Car Accident Lawyer at Adam S. Kutner, Injury Attorneys
We focus on getting victims of car accidents the money they deserve. If you have been seriously injured in a car accident in Las Vegas, contact our law firm right away to consult with an experienced attorney.
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Adam S. Kutner reviews and testimonials
“We were in a car accident – we were coming off of the interstate and were waiting – yielding at the exit and a car sped through the exit and smacked us in the rear.
It was definitely scary especially because we had our baby in the car. My husband and I and our baby in the back seat. We definitely – immediately went back in and checked on her to make sure she was okay.
We definitely had back pains my daughter had headaches. She kept holding her head and crying. It was pretty bad. I remember seeing a couple billboards and a friend of mine did say they had a pleasant experience with Adam Kutner, so we called them right up. They definitely were thorough, and you could tell just by talking to the people in the office that they genuinely cared about their clients.
They contacted us saying you know, explain the process on how the settlement gets done and about a week after that happened we had our settlement which was great and in my opinion Adam S. Kutner is the best attorney in Las Vegas.”
– Janae Reynolds. 5/5 Stars
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Adam S. Kutner
PERSONAL INJURY LAWYER
With more than 33 years of experience fighting for victims of personal injury in the Las Vegas Valley, attorney Adam S. Kutner knows his way around the Nevada court system and how to get clients their settlement promptly and trouble-free.
