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What’s the Average Settlement For a Car Accident?
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The first question that usually comes to the mind of a car accident victim looking to settle with an insurance company is "what's the average settlement for a car accident".
Depending on who you ask, the average car accident settlement is somewhere between $15,000 and $25,000. That said, this is an average that is skewed by a few very large settlements for serious, catastrophic accidents that cause permanent disability & death. If you took out the small percentage of million dollar settlements, the average would probably be on the low end of that range.
There are a number of factors that go into how a car accident settlement is calculated, including medical bills, ongoing treatment, property damage and pain & suffering. In general, the more damage and the larger the bills and timelines to fix that damage, the larger the settlement will be.
Resources:
Depending on who you ask, the average car accident settlement is somewhere between $15,000 and $25,000. That said, this is an average that is skewed by a few very large settlements for serious, catastrophic accidents that cause permanent disability & death. If you took out the small percentage of million dollar settlements, the average would probably be on the low end of that range.
There are a number of factors that go into how a car accident settlement is calculated, including medical bills, ongoing treatment, property damage and pain & suffering. In general, the more damage and the larger the bills and timelines to fix that damage, the larger the settlement will be.
Resources:
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