The compensation awarded in a car accident case will vary on a case-by-case basis, meaning there is no average car accident settlement. Therefore, instead of looking at averages, skilled attorneys focus on the specific losses sustained by each client to bring them the maximum possible compensation.
A Fairfax car accident lawyer can review your situation after a crash and provide information about the money you could receive to pay for your medical bills, property repairs, lost wages, pain, and emotional suffering.
An attorney can also explore other options to bring you fair compensation, like filing a personal injury lawsuit.
What’s Your Car Accident Settlement Worth?
A Fairfax personal injury lawyer will need to review your situation to determine a fair value for your settlement. All car accident injury victims face unique losses, so no two settlements have the same value.
An attorney will need to review all the losses associated with your accident to get an idea of the value of your claim. Your attorney may need to review your:
Medical Expenses
Car accidents often result in major injuries and high healthcare bills. The extent of your physical suffering will play a tremendous role in determining the value of your settlement.
For example, you’re likely to get a bigger settlement if you have broken bones than you would for an accident that resulted in some scrapes and bruises.
Property Repair Bills
Settling with the insurance company may allow you to get compensation to pay for any repairs to your vehicle after a crash. Therefore, the severity of the damage to your car will contribute to the value of your settlement.
Lost Wages
You probably need time away from your job to heal after a motor vehicle collision. The at-fault party could have to repay you for the wages you lose during this period.
You could have a bigger settlement if your crash causes a disability that prevents you from going back to your career. In this situation, you may be eligible for funds to help cover your reduced earning potential.
Pain and Suffering
Finally, your settlement may include money to cover the non-economic effects of your crash. For example, you could get funds to pay for your:
- Pain
- Emotional distress
- Mental anguish
It’s crucial that you reach out to an attorney for help determining a fair value for these non-economic damages. The effects of your crash will heavily influence the value of your settlement, which is why most lawyers do not focus on the worth of the average car accident settlement.
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Other Factors That Influence the Value of Your Settlement
Several other factors can affect how much money you get through a car accident settlement. These factors can include:
The Help of a Lawyer
Hiring a personal injury attorney after a crash may help you secure more money through your settlement. Lawyers understand what fair settlements look like and know how to handle insurance companies that could try to push subpar settlements at you after a crash.
Attorneys also know how to collect evidence to back up your story, further strengthening your claim. Additionally, if you want to ask what the average worth of a car accident settlement is, they can provide more detailed information.
Fault for the Accident
Virginia’s contributory negligence laws can make it incredibly challenging to get money for your losses if the at-fault party tries to claim that you played a part in causing the accident. Therefore, it’s even more important for you to get professional help establishing what happened to cause the collision.
Do You Have to Settle After a Car Accident?
You do not always have to accept a settlement offer after a motor vehicle accident. In fact, if the insurance company refuses to make you a fair offer after a period of negotiations, your attorney can shift tactics and file a personal injury lawsuit against the liable party.
For example, you could sue a driver who hit you after running a red light. Going through the court system provides another method that can bring you fair compensation for all the losses that you sustained.
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You Have Limited Time to Settle After a Crash
You must take charge of the legal process and seek compensation for your losses before Virginia’s statute of limitations expires. Generally, you only have two years to file a claim against the liable party.
If you wait too long, the court will dismiss your claim. That means you won’t get any funds to cover your losses, regardless of your claim’s value.
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Talk to Us About the Value of Your Car Crash Settlement
So, what’s the average car accident settlement worth? The value of these settlements varies so wildly that most lawyers will not focus on the “average.” Instead, the professional attorneys on our team at BenGlassLaw will look at the specific losses you face.
We gather information about your expenses and focus on bringing you a fair settlement that helps you make a full financial recovery. Our team has over 100 years of combined experience, and we’re prepared to put it to use to help you after a crash. Reach out now.
Call or text (703) 591-9829 or complete a Free Case Evaluation form