What Is the Average Settlement for a Car Accident?

When it comes to car accidents, statistically you are likely to experience three to four in your lifetime. With at least 77% of people having been involved in at least one car accident, it can be a good idea to know what to do in these types of situations.

Having a car accident injury can change your life. Yet, understanding the average settlement for a car accident can make a difference when you file a claim. Finding the right car accident lawyer can simplify your claims process and help you get the compensation you deserve.

If you are looking to learn more about the average settlement for a car accident this article is for you. Here is what you need to know about getting a car accident settlement.

What Is a Car Accident Settlement?

A car accident settlement is an agreement between you and a liable party to take care of any legal claims for damages. When you are involved in a car accident settlement, you should know that you will have certain terms to agree to.

Those terms will vary on a case by case basis. Typically, if you are injured you agree to not sue the other party for damages. It could also mean that if you were in the process of filing suit for a car accident settlement, you will not continue that process, in exchange for payment.

This payment comes from the party that is legally liable for your injuries. The average settlement for a car accident gets resolved outside of court.

How Much Is the Average Settlement For a Car Accident?

The average settlement for a car accident is usually around $21,000. In most cases, an average car accident settlement falls anywhere between $14,000 and $28,000. Depending on the severity of the accident and how bad your injuries are that amount can be much higher.

It is important to note that if the liable party was driving under the influence, the average settlement for a car accident will also be higher.

When to Contact a Car Accident Lawyer?

If you are in a car accident it can be helpful to know when to contact a lawyer. Additionally, looking for a lawyer can help make your claims process easier. If your accident was complex or you sustained severe injuries you should definitely seek the advice of a car accident attorney.

They can help you begin to build your case so that you can be compensated for your car accident injuries.

Things to Consider When Filing a Car Accident Claim

There are a few things to consider when you’ve been in a car accident. You want to make sure you contact the police immediately. This is the first step to filing a claim.

Once the police are on the scene they will file an accident report. You want to also collect as much information as possible.

For example, take pictures of the damage to your vehicle. You can also take statements from eyewitnesses of the car accident. This will be useful when you call your insurance company to report the claim.

Getting the Compensation You Deserve!

No one wants to be in a car accident. Yet, knowing the average settlement for a car accident can help you get properly compensated. If you found this content informative, feel free to visit our website for articles just like this one.