What is The Average Settlement for a Car Accident?

Every car accident is different, so many factors can affect a car accident settlement. That being said, the average settlement for a car accident is about $41,783. This is a high-end estimate for accidents that involved more serious injuries. However, accidents involving minor injuries are lower, usually between $10,000-$15,000.

The only way to understand your car accident settlement payout is to hire a car accident lawyer. Farah & Farah’s expert attorneys will review your case and get you the best compensation possible.

It’s time to get justice. Call us now at 877-245-6707 for a free, no-obligation case review.

What Factors Affect Car Accident Settlement Amounts?

Your car accident settlement will depend on many factors, including:

Insurance Coverage

Most drivers are required by law to have car insurance, so insurance companies will compensate injured parties, but not all settlements will meet the policy limit or go beyond it. 

Accident victims may pursue a claim directly with the at-fault driver, but most people do not have enough assets on their own to provide that direct compensation.


Liability is a very important factor in a car accident settlement because establishing responsibility for the accident determines how much your case is worth. If one party is mostly or completely at fault, your claim may be worth more.

However, comparative negligence laws may also affect your car accident settlement. If the liability is shared between parties, your compensation amount will be lower.

Severity of Injuries

Perhaps the most important factor influencing the ​​average car accident settlement is the severity of injuries in the collision. Cases involving a serious injury, or even death, are usually worth more in compensation. Medical expenses after a serious accident can be higher than $60,000. Less severe injuries may not qualify for as much compensation, and it may not make sense to pursue a claim in court. Even if there is severe injury, policy limits restrict the compensation that can be obtained.

State Laws

Every state has different laws when it comes to car accident settlements, so the location of the accident plays a big role in your compensation.

In no-fault states like Florida, drivers must have PIP, or personal injury protection, which covers up to $10,000 in medical bills and lost wages. If you were in a car accident and suffered only minor injuries or property damages, you may not be eligible for damages like pain and suffering. This is why attorneys also look at the at fault driver for bodily injury insurance coverage. Although this is not required in FL, this coverage can compensate for pain and suffering

Georgia is an at-fault state, which means that the liable party is always responsible for compensation. The at-fault driver’s insurance company should provide a larger settlement amount. 

Financial Loss

Many financial losses can come with a car accident. Serious injury can cause you to miss work, so you may be losing paychecks. You may also have damaged your vehicle or other valuable possessions during a crash. You may also be eligible for pain and suffering compensation.

Typical Car Accident Settlement Amounts In Georgia

A typical car accident settlement in Georgia amounts to about $14,000–$16,000. However, every collision is different depending on negotiations between the insurance companies and your attorney. An experienced car accident lawyer can get you the maximum car accident settlement available.

Typical Car Accident Settlement Amounts In Florida

The average settlement for a car accident in Florida is around $15,000. Again, every car accident settlement will be affected by factors specific to your case. The best way to get the compensation you deserve is to hire a car accident lawyer.

How Are Car Accident Settlements Calculated?

Many insurance companies use a specific formula when determining a car accident settlement. For example, neck and back injuries may be worth 1.5-3x the price of medical care. Value depends on the following factors:

How Do Car Accident Settlement Payouts Work?

Your car accident settlement payout will depend on how you go about collecting compensation. If you are dealing with an insurance company following an accident, they may offer you compensation in a single lump sum or a structured payment plan that will be gradually dispersed to you.

However, keep in mind that once you agree to a settlement from insurance, the terms cannot be changed later. Insurance companies are always looking to save money, so they may lowball your compensation. Plus, it can take months or even years before your case is settled.

The best way to know how much your settlement is really worth is to hire a car accident attorney. They can go over all details of your case and help you understand your car accident settlement.

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A car accident is a massive burden on you and your family. You’re already dealing with emotional, physical, and financial stressors, and you shouldn’t have to go it alone. 

Farah & Farah’s car accident attorneys are ready to stand by you. We know how to negotiate the best compensation and help you get your life back on track. Call us now at 877-245-6707 for a free, no-obligation case review.


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