Average Settlement for a Car Accident Case

The average settlement for a car accident depends on the incident itself. If you get into an auto accident, account for the severity of your injury and other factors as you calculate your losses. Also, it may be a good idea to pursue a loan with an Atlanta car accident loan lawyer, which gives you compensation regardless of whether your case against a liable party is successful.

Silver Dollar Financial offers auto accident loans and other legal funding options. We can help you get approved for a pre-settlement loan in as little as 24 hours. Contact us today to learn more.

What Factors Impact the Average Settlement for a Car Accident?

Your economic and non-economic losses affect the settlement for a car accident you can get. Economic damages are provided for losses you can quantify, and non-economic compensation is provided for subjective losses. Here are damages to consider as you seek compensation as part of a car accident lawsuit.

Medical Bills

Following your accident, you need physical therapy, surgery, or other extensive medical treatments. Your insurance covers some of these treatments, but you still have to pay medical bills out of your own pocket. A fair car accident settlement encompasses your medical costs, ensuring you get enough money to treat your injuries.

Repairing or Replacing Your Car

If your car is damaged, you may need a rental vehicle while a mechanic fixes it. Alternatively, if your car is totaled, a replacement is necessary. Ideally, your settlement will include money for repairing or replacing your car, along with rental car fees and similar expenses.

Lost Income

As you deal with the aftermath of your accident and injury, you miss work. You can use sick days and other paid time off, but these will run out at some point. Fortunately, you can request compensation for your current and future lost income.

Pain and Suffering

Mental anguish, emotional trauma, and other pain and suffering make it difficult to get past your accident. You can seek pain and suffering damages in your car accident settlement request. To prove you should receive these damages, you may have to provide medical records and other documentation that highlights how your injury affects your physical and mental well-being.

Your lawyer can negotiate a settlement on your behalf and help you recover from a car accident financially. Meanwhile, Silver Dollar Financial offers legal loans to auto accident victims. For more information, reach out to us.

Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628

How to Get More than the Average Settlement for a Car Accident

To maximize your car accident settlement, hire a personal injury lawyer to represent you. Together, you and your lawyer can look for ways to prove you are in no way liable for your accident and deserve the most damages possible. Here are things you and your attorney can do to build a compelling case against an at-fault party.

Gather Evidence

Use accident scene photos and videos, police reports, and other proof to support your argument. If you have an overwhelming amount of evidence, the defendant in your case may struggle to contest your claims against them. This could lead the defendant to propose a settlement that meets your expectations.

Continue to Receive Medical Care

Go to a doctor and follow their instructions so you can prevent your injury from getting any worse. Remember, you can get a loan on a car accident settlement, which may help you cover your medical bills. As you receive treatments, track your receipts since you can use these as evidence to strengthen your argument.

Do Not Speak to an At-Fault Party or Their Insurance Company

If a liable party or their insurer contacts you to discuss your case, let your attorney talk to them for you. By speaking about your case, you risk saying or doing something that could hurt your chances of getting the compensation you want. Rather than compromise your case, allow your attorney to speak for you, and they will keep you updated about car accident settlement negotiations.

Do Not Publish Content About Your Accident on Social Media

Be careful about what you share on social media. An at-fault party or their insurance company could use photos and videos relating to your accident that you post on Facebook, X, and other social networks against you. If you want to provide updates about your accident to family and friends, do so through phone and video calls, texts, and emails.

Be Open to Settlement Negotiations

Give your lawyer the opportunity to negotiate a settlement for you. Keep in mind how long it takes for a car accident case to settle varies. If you do not get an offer that provides you with adequate compensation, you can always bring your case to trial.

You may have concerns about how you will stay afloat financially as you try to get the best settlement. With your lawyer’s help, you can receive a legal loan. This may prove to be a better option than a personal loan — and there are several reasons why.

How a Pre-Settlement Loan Can Help You Pay Your Bills After Your Car Accident

Your lawyer can provide a detailed explanation of what a personal installment loan is and how it stacks up against car accident pre-settlement funding. Generally, a personal loan must be repaid in accordance with a lender’s terms and conditions. On the other hand, you only have to pay back a legal loan if you win or settle your case.

For example, you request a lawsuit loan as soon as you open a personal injury case against the driver responsible for your auto accident. A legal loan company gives you funding, and you can use it however you choose. In spite of your best efforts, your case is unsuccessful, and you do not receive damages.

If this happens, you keep the money that was already given to you from your legal loan company. Your lawyer will notify the business about the result of your case. The company clears your loan balance, and you are not required to pay anything back.