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How Much Is My Personal Injury Claim Worth: Factors to Consider
The Insurance Information Institute reported an average payout of $18,417 in 2019 for bodily injury car insurance claims. However, it’s important to note that this figure assumes you are not at fault, have visible or severe injuries, and reach a settlement directly with the insurance provider.
For specific injuries like whiplash or neck-related pain sustained in car accidents, average hospital bills ranged from $53,000 to $97,000 in 2013. Remember that medical costs may have increased significantly, so recent figures could be even higher.
According to data from the Civil Justice Initiative, the typical personal injury settlement for car accident claims in 2015 was $64,761. Nevertheless, it’s unlikely that an insurance company will offer such an amount without having a personal injury attorney representing you for your claim.
Having legal representation can potentially lead to a claim payout up to 3.5 times greater than settling directly with the insurance company. Evaluating the worth of your auto accident claim depends on various factors and variables unique to your situation. Consulting a reputable personal injury lawyer licensed in your state is the most reliable way to gain an accurate understanding of the potential compensation you may receive.
Seeking an estimate grants you the opportunity to consult with an experienced auto accident attorney in your local area, and the best part is this consultation comes at absolutely no cost to you. Opting for the evaluation is a risk-free endeavor, providing you with valuable insights and legal guidance without any financial obligations. Take advantage of this opportunity to protect your interests and secure the compensation you rightfully deserve.
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