What Is the Average Settlement for a Personal Injury?

Are you seeking compensation through a personal injury insurance claim or lawsuit in Arizona? You may receive a settlement to cover your losses. Economic losses include medical expenses, such as doctor visits or physical therapy, and lost wages from having to take time off from work to recover. A settlement can cover other costs, too, both economic and non-economic. The settlement process can be lengthy and challenging depending on your circumstances, and you may want to know how much you could receive at the end of it. While settlement amounts vary from case to case, several contributing factors can help you determine an estimate.

Average Settlement Amounts for Personal Injury Cases

While the settlement amount you could receive depends heavily upon your specific circumstances, you can estimate your payout based on your out-of-pocket expenses and the severity of your injuries. Typically, the more severe your injuries are, the higher your settlement will be. Personal injury settlements can range from $3,000 to $75,000, while many victims have received significantly more. Some settlements can easily total in the $100,000-plus range.

Contributing Factors to Personal Injury Settlement Amounts

After you suffer injuries from an accident in Arizona, you can pursue one of two pathways to compensation. You can choose to file a claim with the at-fault party’s insurance company or you can file a personal injury lawsuit in Arizona civil court. If you do not reach a settlement with an insurance company, you can pursue a lawsuit after this process.

Whether you choose to file with an insurance company or go straight to civil court, several factors can affect your final settlement amount.

  • You can claim economic damages for out-of-pocket expenses in your lawsuit or insurance claim. These expenses can include medical expenses, lost wages, property damage, and other tangible expenses. The higher your out-of-pocket expenses, the higher your final settlement amount will be.
  • The nature and severity of your injuries will also increase your final settlement amount. The more severe your injuries are the more medical treatment and lost income you are likely to have incurred. In addition, more severe injuries could lead to higher non-economic damages, such as pain and suffering, permanent disability and impairment, and emotional anguish.
  • If you choose to file a claim with an insurance company first, the policy limits can decrease your settlement amount. Some insurance companies do not cover certain expenses and only compensate up to a certain amount. If you suffer from severe injuries and have significant damages, you may want to consider filing a lawsuit instead.
  • When dealing with insurance companies, you will receive an initial offer that will likely be much lower than the compensation you could claim. It is not in the insurance company’s best interest to offer you a very high amount upfront. If you accept the first offer, you may receive a lower settlement amount.
  • If you file a claim with an insurance company and are attempting to negotiate a settlement amount, having a personal injury lawyer represent you can also increase your settlement amount. Your attorney can help you determine if the insurance company is offering you a fair amount and argue skillfully for a higher settlement.

Do You Need a Personal Injury Attorney?

Many victims of personal injury refrain from hiring a lawyer to represent their claim. However, hiring an attorney for your personal injury lawsuit or insurance claim in Arizona can provide numerous benefits, including a chance at a higher settlement amount and a facilitated process.

  • Your personal injury attorney will have the training and skills necessary to enter into insurance negotiations on your behalf, arguing for a higher settlement to appropriately compensate for your injuries.
  • If you are filing a lawsuit, your attorney will have the resources and network necessary to conduct an investigation into your injuries. Your attorney will collect evidence, interview medical experts, and calculate preliminary damages to argue for a higher settlement amount.
  • Your attorney will advise you on the best course of action for your personal injury case, whether you should file an insurance claim or proceed with a lawsuit.

For best results and a greater chance at a higher settlement amount, contact an Arizona personal injury attorney as soon as possible.