Understandably, injured victims want to look at some car accident settlement examples when pursuing their own claim for damages. When discussing typical car accident settlement amounts, it’s crucial to recognize that there is no “average” settlement amount due to the unique circumstances of each case.
Below, you’ll find some real-life car accident settlements we’ve negotiated on behalf of Las Vegas clients. The examples provided illustrate this diversity, emphasizing that each settlement reflects the accident’s specific details and legal context.
- $300,000 settlement for maximum policy limits for neck and back injuries. The accident occurred at County Road 215 and Sahara Ave., and the insurance company disputed liability.
- $155,000 settlement for maximum available policy limits. Our client was rear-ended at a stoplight in Las Vegas, and they sustained head, neck, and back injuries.
- $140,000 settlement in federal litigation case. The client was a passenger who sustained multiple injuries in a ride-share vehicle that was T-boned at an intersection.
- $100,000 settlement for maximum insurance policy limits in a drunk driver accident. Our client was rear-ended at a red light and sustained multiple injuries.
- $100,000 settlement in a litigated matter with low property damage. Our client was rear-ended at a red light and suffered a lower back injury. The other driver’s insurance company raised their offer in litigation.
- $100,000 settlement for maximum insurance policy limits in a case with low property damage. The client was rear-ended at a red light and sustained head, neck, and back injuries.
- $75,000 settlement for maximum policy limits. The client was struck in a low property damage accident after slowing for an emergency vehicle. They sustained neck and back injuries.
- $50,000 settlement for maximum policy limits with disputed liability with low property damage. The collision occurred in an apartment complex.
- $25,000 settlement in litigation for maximum limits even though the defendant’s carrier disputed insurance coverage. The accident happened in a residential area, with liability proven through surveillance footage.
- $10,000 settlement in a litigated case where the prior law firm dropped the client. There was low property damage and disputed liability. We negotiated a settlement fairly quickly.
These car accident settlement examples should not be interpreted as guarantees of similar outcomes in other situations.
Factors Impacting a Car Accident Settlement
Navigating car accident settlements in Nevada can be complex. To better understand your case’s worth, you need to learn more about the factors that affect compensation in a car accident lawsuit. Read more about these factors, which can help you gauge your potential compensation.
Insurance Coverage
In Nevada, as in many states, the minimum liability coverage required by law plays a significant role in the settlement process. Nevada mandates a minimum liability coverage of $25,000 per person and $50,000 per accident. Unfortunately, this amount is often not sufficient to cover a victim’s injuries, especially in cases involving severe injuries.
Liability
Determining who is at fault in a car accident is pivotal. Nevada follows a modified comparative negligence rule, meaning that you cannot collect damages if you are more than 50% at fault. How liability is determined can affect both the likelihood and the size of a settlement. A victim who is 20% at fault will only receive 80% of their damages. Someone who is 40% at fault would only receive 60%. That is one of the reasons why two cases with similar injuries could settle for vastly different amounts.
Severity of Injuries
The nature and severity of injuries sustained play a critical role in determining settlement amounts. More severe injuries typically result in higher compensation due to increased medical costs, longer recovery times, and more significant pain and suffering. The impact of the injuries on your daily life and long-term health is a substantial factor in the settlement calculation.
Financial Loss
The financial impact of a car accident extends beyond immediate medical bills. It includes long-term medical care, loss of wages, potential future income loss, and vehicle repair or replacement. Documenting all related expenses is essential for ensuring the settlement reflects the full scope of your financial loss.
How Car Accident Settlements Are Calculated
Calculating settlements takes all the factors above into account. Attorneys and insurance companies examine how the accident impacted a victim’s life. The more severe your injuries, the greater your pain and suffering, which can further increase your case value. That’s why documenting your case is so important. You want details on how the accident impacted your daily life. Were you able to return to work? Do you need a caretaker or have to make modifications to your home? Did you have to give up hobbies or other pastimes? All these factors can impact your case value.
Maximize Compensation in Your Car Accident Settlement
Hiring a lawyer is essential to increase your potential compensation in a car accident settlement. Your lawyer can collect evidence, negotiate a possible settlement on your behalf, file a lawsuit, and more. A legal advocate can make a difference in your compensation, especially in litigation. If you or someone you love sustained injuries in a Las Vegas car accident, contact Friedman Injury Law. Attorney Blake S. Friedman has recovered more than $35 million on behalf of his clients. Schedule a consultation to learn more.
Blake S. Friedman, Esq. is a personal injury lawyer helping those in Las Vegas, Nevada. Blake was born and raised right here in Las Vegas, Nevada. He grew up watching his father, a battle-hardened lawyer, fight for his clients’ justice in the Clark County court system.