No simple, accurate way to identify the average payout for a car accident injury exists. Many factors determine the payout for an injury settlement, and it is impossible to pinpoint the average value of these cases.
The difficulty that comes with identifying the average car settlement comes from the lack of publicly available information. Most settlement agreements include confidentiality agreements that prevent either party from releasing details of the settlement.
Your Attorney Could Advise You on the Value of Your Injury Case
An easy way to determine the average payout related to a car accident injury might not exist. However, your car accident lawyer could review the facts of your case and help you understand what it might be worth. A careful review of your case could provide you with more insight into your potential settlement than information about average payouts ever could.
To evaluate your personal injury case, your attorney does not need information regarding average payouts. Instead, they could identify your damages, review your claim for negligence, and help you understand what your case might be worth.
No attorney can guarantee a successful settlement following a car accident. However, an evaluation of your case by legal counsel could provide you with an estimate tailored to the facts of your case.
Many Factors Could Impact Your Car Accident Injury Payout
Many moving parts in a car accident injury settlement can complicate your situation. Some circumstances could increase the value of your claim, while others will do the opposite. Considered together, each of these factors will come together to determine what your case is worth.
Some of the factors that could impact the size of your payout could include:
Whether or Not the Other Party Disputes Liability
The other driver failing to take responsibility for the accident or pointing the finger at you could affect your payout. When liability is not in dispute, the parties generally focus on the appropriate amount of compensation. When the other party does not admit fault, they will not likely offer a settlement.
For that reason, cases where liability is in dispute often result in lower payouts.The stronger the other party’s case, the more likely they will be willing to take their chances with a jury. Settling a case for a lower amount to avoid the potential for losing at trial is not uncommon.
If the Other Driver Has Insurance
Whether or not the other party involved in the crash has liability insurance could impact your payout. Uninsured drivers are on their own when they cause an accident, as they do not have an insurance company to protect them from liability claims. Unfortunately, these drivers rarely have the resources needed to pay damages.
In addition to uninsured drivers, you could also face challenges in an accident with underinsured drivers. A driver is underinsured when the limits on their liability policy is below the total value of your damages. An underinsured driver is personally liable for any damages beyond what their insurance covers.
Many drivers like having the personal assets necessary to cover damages for a car accident. However, underinsured drivers might not be able to provide the type of settlement an insurance company might pay.
The Severity of Your Injuries
The extent of your physical injuries could play a big part in determining what your case is worth. Any injury could lead to costly medical care and other expenses, but severe injuries are more likely to require extensive financial support.
A serious injury could require weeks, months, or years of treatment to return you to full health. In some cases, you could face lifelong consequences like chronic pain or disabilities. These conditions could result in a larger payout following a car accident.
The Types of Compensation Available Could Impact Your Payout
Considering the types of damages available through a car accident injury lawsuit is also helpful. If a car accident hurt you, some of the damages that could be available to you include:
- Lost wages
- Pain and suffering
- Diminished future earning power
- Medical bills
- Mental anguish
- Loss of consortium
Discuss Your Case with a Personal Injury Attorney
Your attorney might not be able to advise you on the average payout for a car accident injury, but they could provide helpful insight into what your payout might include. This requires a careful review of your case.
Remember, a favorable outcome is never guaranteed. That said, an attorney from our firm could help you understand what to expect should you pursue legal action following a car accident.
Our Team Is Ready to Hear From You Today and Discuss Your Car Accident Injury
George Sink, P.A. Injury Lawyers stands ready to serve as your advocate as you pursue compensation following a vehicle collision. To learn more about how we could help, call (888) 612-7001 for a free consultation today.