Statistics show that the average compensation for injuries sustained in car crashes is 18417 dollars while the average settlement for damages to property caused by car accidents is 4525 dollars.
What is the average settlement for auto accident. Getting into a car accident is often a traumatic experience for everyone involved. Youll also get paid more if the other driver. However not everyone understands what the average settlement is for a minor car accident.
However the total cost of treating your injuries will be a major consideration when your cases value is established. Over the years shows that the typical car accident settlement is between 14000 and roughly 28000. So the average is approximately 21000.
Many factors go into a car accident settlement. The basic formula insurance companies use to calculate auto accident settlements is. The settlement is generally higher for more severe or permanent injuries.
Another factor that will determine how much to expect from a car accident settlement is the amount of available insurance coverage. Ad Looking for average car accident settlement. However there is no definitive average settlement range we can share.
Your average car accident settlement might be approximately 21000. Therefore a settlement offer would include 58000 for pain and suffering compensation. But the average value for more serious crashes is about 31000.
These include medical bills damages to the vehicle lost wages and pain and suffering. For example one person who hurt in a car accident may get a 300000 payout. Auto Accident Claim for NP.