There's no distinct formula for an average auto accident settlement
, because no auto accident case is precisely like another. Even if conditions of a crash are recreated exactly, recovery of parties involved could lead to the award of damages distinct from otherwise similar scenarios. So there are a few rules of thumb you can use to figure what you may be able to recover in an auto accident settlement.
The Rule of Thumb
Many attorneys have a rule of thumb accounting for medical bills. That rule of thumb is the assumption of a settlement which recovers three times the cost of medical expenses. If you've got coverage beyond liability, or you're the injured party, the insurance company will cover medical bills and vehicular repair. However, the court does determine pain and suffering through a judge examining the injury which has been diagnosed, what treatment was involved, the duration of treatment, if there are pre-existing conditions, whether the crash was severe or minor, and if income loss has been sustained during recovery.
Choose a Firm With a Proven Track Record
For the average auto accident settlement, what you really need is cogent legal representation that maximizes recovery. A good way to determine whether or not a legal firm can do this is examination of their track record. Another rule of thumb to define a decent firm is approximately a million dollars in recovery per one hundred clients. If you divide that out, it comes to an average of about $10,000 in recovery per client. Yet actual recovery averages on an individual basis are likely to be higher, simply because no legal firm can win every case. This means if they're averaging a million dollars per hundred clients, individual clients have likely been able to recover more, because that figure factors in clients who weren't favored by the judge. If you can find a firm with these numbers, you can expect that a successful ruling could potentially return you $10,000 or more, depending on your case.
A Consistently Successful Firm
Marc J. Shuman & Associates, LTD. has been in operation since 1996, and has successfully represented over five thousand clients, recovering more than fifty million dollars. Specializing in honesty and customer service is just a cherry on the cake, as the numbers speak for themselves. Shuman & Associates practices in the following areas of law:
Contact Shuman & Associates
- Auto accidents
- Dog bites
- Slip & fall
- Motorcycle accidents
- Nursing home negligence
- Large truck accidents
- Wrongful death
- Workers compensation
- Traumatic brain injury
- Medical malpractice
today to learn how we can help with your case!