How much can a car accident settlement bring me?

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When the car accident you were in was caused by another driver, you may be entitled to compensation. This requires filing a car accident claim with the auto insurance company for settlement. The amount you receive as part of the settlement depends on various factors such as causation and damages. Be sure to speak with a Jackson multi-vehicle accident attorney before accepting the initial settlement offer.

How much will my car accident settlement cost?

The amount of your car accident settlement will be based on the compensatory damages you have suffered. Serious injuries and property damage often warrant higher settlement payments. In other words, the more damage you have taken, the higher your settlement should be.

However, this may not always be the case. Some car insurance companies will try to offer as little compensation as possible. This saves them money as a business. Many insurance agents use a variety of tactics to confuse and trick consumers into accepting unfair settlements.

Knowing what damages you may be entitled to can help you avoid this. Compensatory damages in car accidents include economic and non-economic damages. Economic damage can be easily uncovered by documenting monetary losses through receipts, payslips and bill statements.

Here are common examples of economic damage in a car accident:

  • Car repair costs
  • Towing charges
  • Medical bills
  • Drug costs
  • Lost salary

If your injuries are severe enough and expected to last a long time, you may be eligible for compensation for future lost wages and medical expenses. Serious injuries are also often linked to non-economic damage. Non-economic damages are more difficult to measure because they represent subjective harm suffered as a result of the accident, such as:

  • pain and suffering
  • emotional distress
  • Sleep problems
  • post-traumatic stress disorder
  • Loss of joy of living
  • Consortium loss

The loss of a consortium, in particular, means the loss of a relationship as a result of the accident. Such damage may need to be proven by witness testimony.

Things That Affect Car Accident Settlements

Several factors can affect the amount of your car accident settlement. On the one hand, auto insurance agents may try to offer as little compensation as possible. This means that they will find every excuse not to compensate you for certain damages.

Things that can hurt your settlement amount revolve around your proof that the other driver is at fault and in damages. Not having a simple piece of evidence like the police report could significantly harm or delay your claim. Other factors that may affect your claim include:

  • If a driving under the influence (DUI) charge is present
  • If any of your injuries resulting from the accident qualify as a pre-existing injury
  • How long have you seen a doctor
  • What you said to the other driver and passengers
  • Insurance Policy Limits

Try to contact an auto accident attorney in Jackson if you have any concerns.

Jackson Multi-Vehicle Accident Lawyer

You may be entitled to substantial compensation if the other driver caused the accident. Contact the German Law Firm, PLLC at (607) 487-0555 to speak to a Mississippi auto accident attorney for a consultation today. Our legal team can work with you to obtain compensation for medical expenses, pain and suffering and lost income. We are located in Jackson, Madison, Gulfport, Oxford and other Mississippi cities.

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