Published in Personal Injury by Chris Eskew on May 13, 2019.
Motor vehicle accidents aren’t just traumatizing, but expensive, too. Indeed, from medical expenses to property damage expenses to lost wages to legal expenses and more, you may be looking at costs totaling thousands of dollars, if not tens or hundreds of thousands of dollars.
In order to seek compensation for these expenses and your damages, filing a car accident claim is advised.
Before you embark on the process, though, you may have questions about the average settlement for car accidents in Indianapolis.
While each car accident settlement amount varies, our lawyers at the offices of Eskew Law can guide you through the factors that affect a settlement amount and review your claim to determine what it is likely worth. Call us today for your free consultation to get started.
Car Accident Settlement Amounts Average
The value of your car accident claim will be affected by a number of different factors. These factors include:
- Extent of injuries. One of the biggest factors that affects the average car accident settlement is the extent of injuries that a person involved in a car accident suffers. Serious injuries can result in expensive medical bills and significant long-term damages, too. For example, a person who suffers a spinal cord injury will likely incur high medical expenses initially and face high costs related to future needs related to the injury, too.
- Value of property damage. A car accident victim deserves to be compensated for all of their economic losses, including the value of property damages that they suffer. If you are driving an especially old car at the time of the accident that was only worth a few thousand dollars to begin with, the amount that you are offered in property damage expenses will be reflective of this. On the other hand, if you were in a pricey or newer vehicle, your property damage settlement award will likely be greater.
- Determining noneconomic damages. While there is no official method for determining pain and suffering, having a skilled attorney can potentially increase your recovery for pain and suffering. A knowledgeable attorney can properly capture and relay the extent and severity of the suffering and other adverse effects associated with the injuries from the collision. When properly presented and documented, this information may increase the value of your case.
- Degree of your fault. Because Indiana is an at-fault insurance state that recognizes the rule of comparative fault, the value of your claim can be reduced by your own negligence in proportion to your degree of fault. For example, if you are 10 percent at fault for the accident, the overall value of your claim (what the defendant owes you) will be reduced by 10 percent.
- Types and values of insurance policies available. Finally, note that even if you have suffered a large value of economic and noneconomic damages and the defendant was 100 percent to blame for the accident, you will only be able to recover damages if insurance policies are in place. If the at-fault party doesn’t have insurance or doesn’t have enough insurance to cover your losses, your recovery award may be significantly reduced.
We Help You Recover Your Maximum Settlement Amount
At the law offices of Eskew Law, we want to increase each of average auto accident settlement for our clients. We work hard to prove the degree of damages you’ve suffered, collect evidence that highlights the fault of the other party and disproves claims of comparative negligence made against you, and to identify all sources of recovery/insurance available.
We also aggressively negotiate your settlement to improve the chances of you walking away with the greatest recovery award possible. While our goal is to settle cases out of court, we are skilled litigators who will not hesitate to file a lawsuit on your behalf if need be.
Call Our Law Firm Today to Learn More
If you’re wondering, “How much is the average car accident settlement?” and have questions about the value of your claim, please reach out to our experienced Indianapolis personal injury lawyers today.
While the value of each claim differs drastically, our lawyers can help you to recover your maximum compensation award.
We begin each case with a free consultation where we can answer questions and provide you with our legal opinion regarding the value of your claim. To learn more, please reach out to us online today, or request a consultation over the phone at your convenience.