There is no average settlement. Each settlement is based on the unique facts of the case involved. The factors that may change the amount the insurance company offers you include:
- The liable party’s insurance coverage. Insurance is how most accident victims recover compensation for their injuries. While it is possible to file a lawsuit against an uninsured driver, collecting a settlement or award from that person may be very difficult.
- Your age and health before the accident.
- The severity of your injuries and the extent of required medical treatment. Injury severity not only tends to increase medical expenses but also increases related non-economic expenses, which are compensation for the impacts that the injury has on your life.
- How much work you are required to miss due to your injuries. An accident involving permanent disability and the injured person’s inability to return to work will almost always result in a higher settlement than an accident in which the individual misses very little time from work.