Many car accident settlements are confidential. Only the involved parties, including the injured claimant, their legal team, and the liable insurer, know a case’s outcome. While the outcomes of court cases are public record, the outcomes of insurance claims are not.
So, no one’s quite sure what the average settlement for a car accident is. The value of your case depends on your situation. Our lawyers can evaluate your circumstances and explain what your case may be worth.
How Will the Insurance Company Calculate Your Car Accident Claim?
Insurance adjusters want to settle claims as quickly as possible. They generally have no medical or legal training. Sometimes, they’ll handle dozens of claims at one time.
They will evaluate your case based on the following circumstances:
- The details of similar claims
- Your financial stability
- Any pre-existing health conditions
- Your marital status
- Your insurance coverage options
- The cause of your accident
- The value of your medical bills and other economic losses
Even with these considerations, the adjuster may still undervalue your case. That’s why it’s important to consider legal representation. The claims adjuster’s goal is to save money. Our goal is to recoup fair compensation for your accident-related expenses.
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Your Percentage of Fault May Affect Your Final Settlement
Florida is a no-fault insurance state, as explained by Florida Statutes § 627.7407. At the same time, it’s also a pure comparative negligence state. This means:
- Following an accident, you file a claim with your personal injury protection (PIP) coverage. Here, you can seek coverage for your medical bills and other related expenses.
- Your portion of fault does not bar you from seeking compensation. It does affect your settlement. For instance, if you caused 40 percent of the crash, you can only seek 60 percent of your losses.
- You can sue the at-fault driver. However, your injuries must pass the “serious injury” threshold.
We know these aspects can get complicated. Yet, they don’t have to be with our firm on your side. We can calculate your losses based on your case’s information.
Recoverable Damages Under Florida’s Auto Insurance System
Per the Florida Department of Highway Safety and Motor Vehicles (FLHSMV), PIP coverage general pays for:
- 80 percent of all medical expenses up to $10,000
- $5,000 in death benefits
- 60 percent of your lost income
These are just the minimum amounts of PIP coverage. Depending on your insurance policy, you may qualify for additional coverage.
Compensable Losses Through a Civil Lawsuit
If you qualify, you can sue the at-fault driver for a host of losses, including:
- The full cost of your medical bills
- Your lost income, tips, bonuses, and employee benefits
- Diminished future earning capacity
- Pain and suffering
- Other non-economic losses, like disability and disfigurement
You may qualify for additional losses depending on your situation.
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What Happens If the Insurer Doesn’t Pay What You’re Owed?
On TV, insurance companies markets themselves as your friend and neighbors. However, real life is a different story. These companies exist to make money selling claims. As such, the claims adjuster will do everything in their power to dispute your case – even if you’re filing with your own provider.
If the insurer denies your case, we can negotiate a different offer or pursue a lawsuit against the at-fault party. You generally have two years to file a lawsuit, per Florida Statutes § 95.11(3)(a). After filing your lawsuit, the insurer may agree to our terms.
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We’ve Recovered Millions for Injured Claimants in Florida
We can’t estimate the value of your car accident settlement without reviewing your situation. However, in the past, we’ve secured these outcomes:
- $5.0 million for a car accident caused by a defective tire
- $3.0 million after a car accident caused by Ford and Bridgestone’s defective products
- $2.2 million for a pedestrian accident resulting in a serious pelvic injury
- $1.0 million for a family that lost a loved one in a motor vehicle collision
- $1 million for a client injured by a rideshare driver
Our Florida Lawyers Are Ready to Pursue the Car Accident Settlement You Need
Our firm can do more than calculate your case’s value. We can also:
- Investigate your collision
- Interview the involved parties
- Evaluate the liable insurance policies
- Create your case’s strategy
- Keep you updated on any changes or developments
- Advise you on fair settlement offers
- Communicate with the involved parties
We also provide help on a contingency-fee basis. Our clients don’t pay anything up front for our help.
Begin Your Free Case Review with Chalik & Chalik Injury Lawyers
No creditable resource online can give the average settlement for car accident cases. However, our team can review your situation and determine a fair prospective settlement. We want to pursue every dollar you are owed, including for your non-economic losses, such as pain and suffering.
Call or text Chalik & Chalik (855) 529-0269