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Home » Chicago Car Accident Lawyer » What Is the Average Settlement for a Car Accident?

What Is the Average Settlement for a Car Accident?

chicago car accident lawyer what is the average settlement for a car accident

There is no average settlement for a car accident as each accident is different. A car accident settlement depends on many factors, including how the accident happened, the severity of the injuries, and whether both parties contributed to the accident.

Factors that Might Affect a Car Accident Settlement

Among the circumstances that could affect your car crash settlement are:

  • The severity of your injuries: Severe injuries could require more extensive medical expenses and cause greater pain and suffering. It is also likely that the more severe your injuries are, the longer they will affect you. This can lead to higher medical bills, thousands of dollars or more in lost wages, and prolonged pain and suffering.
  • If your injury is permanent: If your injuries cause permanent disability, you could qualify for compensation that addresses your disability and its financial effect.
  • Whether or not your injuries keep you out of work: Some injuries keep victims out of work for longer. You could qualify to recover compensation for lost income during your recovery, as well as reduced earning capacity if a permanent disability affects your ability to work in the future. The longer an injury keeps you out of work, the higher your settlement may be.
  • Your age: A younger injured party can often recover more than an older injured party, especially if their injury affects their ability to work. This is because the younger injured party likely had many more years before retirement than the older party would have.
  • Your profession: Someone in a higher-paying profession may receive a higher settlement than someone with a lower-paying job.
  • The pain and suffering your injuries cause: Noneconomic losses like pain and suffering depend largely on the severity of your injuries, as well as other factors, so speak with an attorney to fight for fair compensation. Generally, the longer you have to endure pain and suffering, the more compensation you will receive.

These specifics and others can affect the amount of compensation you can get from a settlement. That is why there is no average settlement for a car accident. An attorney who has experience in car accident cases to help you understand your options and what you may be able to expect in compensation.

Recoverable Compensation in a Car Accident Case

The compensation you can recover after a car accident depends on the circumstances of your accident. However, common recoverable damages include:

  • Medical bills
  • Lost wages
  • Lost earning capacity
  • Miscellaneous expenses
  • Pain and suffering

If you lost a loved one due to a car accident, you may be eligible to recover damages such as funeral and burial costs, loss of support, and loss of guidance and companionship.

An attorney can investigate your case and determine what a fair settlement might look like in your case.

How the Kryder Law Group, LLC Can Help You

Often, insurance companies will offer you less than the amount to which you are entitled so that they can reduce costs to themselves. Negotiating with them for the money you need to pay your medical bills, lost wages, and to compensate for your pain and suffering can be difficult, so you may be considering contacting a personal injury lawyer.

By choosing The Kryder Law Group, LLC to be your advocates, you are hiring a firm with a record of case results that speaks for itself. We have obtained millions of dollars on behalf of our clients who have been injured in car accidents. We recovered $2.2 million for a salesman who was injured in a collision, $1.5 million for a truck driver who was injured while his truck was disabled, and dozens of other recoveries that help our clients regain their health and wellbeing.

Do Not Risk Your Compensation, Call Us Today

According to 735 ILCS 5 Sec. 13-202, the Illinois statute of limitations for bringing a personal injury suit is generally two years. This means that your time is limited, and the sooner you contact us, the sooner we can get started protecting your rights. Call The Kryder Law Group, LLC today at (312) 223-1700 to learn more about how we can help you. We handle cases on a contingency-fee-basis which means there are no upfront costs for you. There is no risk when you discuss your case with our team.

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