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What is my car accident settlement worth?

On Behalf of Lake Tindall, LLP | April 26, 2022 | Uncategorized

Being involved in a car accident in Mississippi is no one’s idea of a good time. After your injuries have been treated, there is still a lot of work to be done. You will need to sort out your car accident claim and prepare for it to be filed. Your main question will most likely be how much your claim can be worth.

The average amount of a car accident claim

Most motor vehicle accidents that take place in Mississippi can be settled via the filing of a car accident claim. The amount that you can expect to receive from this type of claim will depend on a number of factors. These include whether there was bodily injury in addition to property damage.

According to recent studies, the typical amount of a car accident settlement for bodily injuries was $15,785. The average amount for property damage came to $3,841. Keep in mind that these are mere averages that in no way constitute a rule that a court has to follow. There is no exact amount that you can count on.

What factors can affect your final settlement?

The severity of your injuries after your car crash will usually affect the amount of your settlement. There is not only physical but also mental suffering to take into account. You may have injuries that are permanent or require a long time to heal from. In this case, you may be entitled to a settlement that is proportionate to your suffering.

The state of Mississippi is an at-fault state. This means that you are entitled to make a personal injury claim in a wide number of circumstances. This includes even if you have suffered only a relatively minor amount of property damage or injury to your person.

Your settlement may also be affected due to your liability, or lack thereof, in the accident. If you can prove that you were not liable, you may be able to draw a higher amount for your settlement. If the judgment goes against you, you can expect to receive a much lesser amount.