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What’s the Average Settlement for a Car Accident?

What’s the Average Settlement for a Car Accident?

a woman on the phone next to a broken down carIn the wake of a car accident, you may face mounting costs in medical bills and lost wages. As such, one of the main concerns on car accident victims’ minds is the amount their case may be worth.

Below, we discuss what you may expect in a car accident settlement.

What’s My Car Accident Claim Worth?

The value of a car accident claim depends on dozens of individual factors including the nature of the accident and any injuries involved.

Generally, your personal injury attorney will add up your economic losses from the accident, including property damage, medical bills, and lost wages. Then, they will typically multiply this amount by a multiplier, such as two or three, in order to reach a reasonable damages amount for your demand letter.

So, for instance, if your property damage from the accident totaled $5,000, your medical bills totaled $10,000, and your lost wages totaled $4,000, this would add up to $19,000. Your attorney would then multiply this number by a factor of two or three to come up with an amount anywhere from $38,000 to $57,000.

This is a very average settlement amount; yours may be much higher depending on the nature of your injury and your need for ongoing rehabilitative care.

Injured in a Car Accident? Contact Us Today

If you or someone you love was injured in a car accident, our Clearwater personal injury attorneys are here to help. We have helped countless clients across Florida recover millions to pay for their medical bills and lost wages. We’re here to help you, too.

Contact Roman & Gaynor today at (727) 877-1212 to schedule a free consultation with our team.

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