The settlement amounts for car accident cases can vary significantly based on whether the injured party is represented by an attorney. On average, statistics indicate that individuals who hire attorneys tend to receive higher settlements compared to those who handle claims on their own. Here’s an overview based on available data:
Settlement amounts can range widely but often average between $17,600 to $75,000, depending on the severity of injuries and circumstances of the case.
Average settlements are significantly lower, typically ranging between $3,000 to $12,000
Studies suggest that having legal representation can increase the settlement value by 2 to 3 times compared to self-representation.
Attorneys are experienced negotiators and are more likely to push insurance companies to provide fair compensation, whereas unrepresented individuals may accept lower offers due to lack of expertise or pressure.
Approximately 91% of claimants represented by an attorney receive a settlement.
Only about 51% of unrepresented claimants achieve a settlement.
For cases involving significant medical bills, permanent injuries, or emotional trauma, having an attorney is particularly advantageous, as these cases often involve complex calculations for damages, including pain and suffering, lost wages, and future medical expenses.
While hiring an attorney involves legal fees (usually 33%-40% of the settlement), the overall increase in settlement amount typically outweighs these costs, resulting in a higher net payout.
Attorneys are familiar with state-specific laws and insurance regulations.
They can hire accident reconstruction experts, medical professionals, and other specialists to strengthen the case.
Attorneys are skilled at countering lowball offers from insurance adjusters.
The threat of litigation often compels insurance companies to offer higher settlements.
It involves determining the economic and non-economic damages resulting from the injury. Here’s a step-by-step guide to estimating your claim value:
The results calculated are meant for instructional purposes only. They do not constitute legal advice and offer a simplified overview of the potential estimated value of your case. Consult an experienced attorney for a full analysis of your specific case.