The Insurance Information Institute (III) reports that in 2018, car liability claim payouts averaged $15,785 for bodily injury and $3,841 for property damage.
The average settlement for a car accident depends on a variety of factors, such as the value of the property damage involved in the accident, as well as any medical treatments, lost wages, and mental anguish that stemmed from the accident.
Generally speaking, the more the victim is forced to suffer, the more money they may be eligible to receive. For example, a victim who broke both their legs and lost their job as the result of a car accident may be deserving of more compensation in the eyes of the court than a victim who simply suffered minor injuries that could fully heal in a matter of weeks.
Other factors that may affect a car accident settlement can include:
- The psychological trauma the victim has had to endure
- Loss of head of household earnings
- Extended care services needed to treat mental or physical injuries
- And more
The Cost of Treating Car Accident Injuries
A study done by the Centers for Disease Control and Prevention (CDC) in 2012 documented that the average cost of an emergency department visit related to nonfatal motor vehicle accident injuries was $3,362. If the victim needed to be hospitalized to complete their treatment, this cost escalated to almost $57,000. These figures do not even account for lost wages during the recovery period, the cost of any relevant mental health services, or the intangible cost of suffering in a victim’s personal life.
Fortunately, personal injury settlements can reflect these hardships. If you were injured in a car accident, you may be able to recover compensation for:
- All of your medical bills
- Your estimated future costs of medical care
- Lost wages and reduced ability to earn
- Property damage
- Pain and suffering
- And more
If you have not done so already, make sure to see a doctor for your car accident injuries. Do not assume that injuries are minor and will go away on your own. Some car accident injuries—such as whiplash—can persist without treatment. Not only can a doctor diagnose and begin treating your injuries, but they can create a link between the accident and your injuries in your medical record. This may be helpful evidence if you decide to pursue compensation.
How Compensation is Determined and Awarded
If another party caused your car accident, they may be liable for your injuries. Pursuing compensation may require you to negotiate a settlement with their insurance company or pursue a personal injury lawsuit.
In either situation, you may be able to use evidence of the responsible party’s liability, and the extent of your injuries, to demonstrate the value of your damages.
This may include:
- Photos, videos, or the police report from the scene of the accident
- Witness statements
- Your medical records
- Testimony from accident reconstruction and medical experts
If you choose to retain a car accident injury attorney, they may be able to produce this evidence and negotiate for a settlement offer based on the facts of your case. If the responsible party’s insurance company is unwilling to offer you a fair settlement, a lawyer can take your case to trial.
The Fitch Law Firm Fights to Protect Victims’ Rights
Here at the Fitch Law Firm, our lawyers are proud to represent car accident victims throughout the state of Ohio. Our lawyers can examine your accident and document your damages to demonstrate the value of your losses. We can also handle all communications and paperwork on your behalf, so you have time and space from the legal proceedings to focus on recovering from your injuries.
It is important to note that Ohio Revised Code § 2305.10 explains that a general two-year statute of limitations applies to personal injury lawsuits in Ohio. Failing to take legal action within this time frame could mean that your case is dismissed. Some circumstances could alter this deadline as well.
You are never alone in your legal battle when you work with an attorney from the Fitch Law Firm. To discuss what the average settlement for a car accident may be in your area, call the Fitch Law Firm at (614) 545-3930. A member of our team is standing by to discuss your case and answer your questions as part of a free consultation.
We may be able to work for you on a contingency-fee basis. This arrangement means that you do not need to pay us attorney fees unless and until you are awarded compensation.