Many car accidents are traumatic. They often cause serious injuries, emotional upheaval, and financial challenges. To make matters worse, settling an auto accident claim in California can be complex. You need legal representation from experienced attorneys to increase your chances of fair compensation. At CaseyGerry, a leading San Diego law firm, we specialize in helping clients navigate the intricacies of auto accident settlements and obtain the maximum compensation they deserve.
What is the Average Car Accident Settlement?
Each case involves unique circumstances and variables, so determining the average is difficult. However, understanding the factors that influence the value of a settlement can help you estimate the potential compensation you may receive.
For example, in 2021, we brought an uninsured motorist case to a successful close and recovered six figures for our client. Our client was a retired officer with pre-existing medical conditions. After he was rear-ended in traffic, the accident significantly worsened those issues and caused chronic pain. Our hard work helped him get the compensation he needed to recover.
Factors Affecting Settlement Amounts
Insurance companies, jurors, and judges consider several factors when determining how much to award for compensation in California. A San Diego car accident attorney will fight to recover the maximum amount allowable by law.
Here are some of the most important factors that influence settlement amounts:
- The severity of injuries: More severe injuries typically result in higher settlement amounts due to increased medical expenses, rehabilitation costs, and long-term care needs.
- Medical expenses: The cost of medical treatment, both past and future, is a significant factor in calculating the settlement value. For example, one of our clients sustained severe injuries after a bus crash, and we secured more than $1.2 million for their losses and damages.
- Lost wages and potential future loss of earning capacity: In determining the settlement sum, decision-makers consider remuneration for the income lost during the healing process and any potential loss of earning ability.
- Pain and suffering: When calculating settlements, damages that are not related to money, such as emotional trauma, pain, and reduced quality of life, are also taken into account.
- Property damage: The expense of fixing or replacing your vehicle and other personal belongings damaged in the accident also affects the estimate.
- Liability: The degree of fault assigned to each party involved in the accident can impact the final settlement amount. For example, if you receive a court verdict of $500,000 but also 10% of the blame, then you may lose $50,000 (which is 10%) of that award.
Timeline for Receiving a Settlement
The time it takes to receive a settlement for a car accident depends on the specific details of your case. The following steps outline the general process:
- Consultation with CaseyGerry: Schedule a free consultation with a skilled car accident attorney to discuss your case and determine the best course of action.
- Investigation and documentation: If we take your case, our attorney will gather evidence, such as police reports, witness statements, medical records, and expert opinions, to build a strong case on your behalf.
- Demand letter and negotiations: As your legal representative, we write persuasive demand letters outlining the claim and desired compensation. We then submit this to the at-fault party’s insurance company. Negotiations then take place to reach a fair settlement.
- Filing a lawsuit or settlement agreement: If negotiations are unsuccessful, we may recommend filing a lawsuit. Parties may still settle as the case progresses through court.
- Resolution and disbursement: Once finalized, the insurance company begins the process of remitting payment. Some cases may involve more complex payment processes, such as in cases where the at-fault driver doesn’t have insurance.
The Importance of Hiring an Experienced Car Accident Lawyer
Partnering with a dedicated and skilled car accident lawyer can significantly impact the outcome of your case. The benefits of hiring our attorneys include the following:
- Understanding legal rights: We can help you understand your legal rights and options, ensuring you make informed decisions.
- Negotiating: We know how to deal with insurance companies and opposing counsel, increasing the likelihood of reaching a favorable settlement.
- Gathering evidence to build a strong case: Our San Diego trial lawyers take the time to investigate the details thoroughly, gathering critical evidence and expert opinions to strengthen your claim.
- Maximizing settlement amounts: We have a deep understanding of the factors affecting settlement values. Our attorney can help maximize your compensation by accurately estimating damages and presenting a persuasive case.
- Handling legal procedures and deadlines: Navigating the complex legal system can be challenging, but a seasoned lawyer can help.
Contact Us at CaseyGerry for a Free Consultation
At CaseyGerry, our team of dedicated attorneys is committed to helping clients in San Diego and surrounding areas secure the compensation they deserve. Trust us to provide exceptional legal representation and guidance. We are the most experienced and established plaintiff firm in San Diego–with the knowledge, the resources, and the tenacity to challenge big insurance companies. Contact us today to schedule a free consultation.
We look forward to hearing from you.
