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What Is the Average Settlement for a Car Accident in Las Vegas?
When wondering about the average car accident settlement amount in Las Vegas, Nevada, it's vital to understand that every car accident case is different, and settlements can vary significantly.
However, the typical car accident settlement amount in Las Vegas is usually around $10,000 to $25,000 for minor injuries and over $100,000 for more severe injuries.
The main factors influencing an auto accident settlement amount are the severity of injuries, the impact on the victim's life, and the amount of insurance coverage the at-fault party has.
In addition, the value of a car accident settlement may also be influenced by the amount of medical bills, lost wages, pain and suffering, and property damage caused by the car crash.
It's essential that people who were involved in a car accident and are wondering about their accident settlement amount consult with a Las Vegas car accident attorney to gain a more accurate estimate.
How Much Are Most Car Accident Settlements?
Knowing the average car accident settlement amount can allow you to obtain the compensation that you deserve.
A variety of factors go into how much a settlement is. However, the general guidelines are:
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Minor Injuries: If a car accident results in minor injuries such as bruises, minor lacerations, or soft tissue injuries, the average settlement amount will usually be around $10,000 to $25,000.
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Moderate Injuries: Settlements for more moderate injuries, such as broken bones, significant soft tissue damage, or minor burns, range from $25,000 to $50,000.
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Severe Injuries: Car accidents that result in severe physical injuries, such as permanent disability, loss of function, or limb loss, usually have an average accident settlement amount of $50,000 to $250,000. The severity of the injuries can also affect the settlement amount, but a severe car accident case can also settle in the millions.
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Fatalities or Catastrophic Injuries: In devastating car accidents where there are fatalities or catastrophic injuries such as brain damage, spinal injuries, or extreme pain and suffering, the average car accident settlement can be in the millions.
Although we provided a guide to the average settlement amount for an auto accident, you should still consult with an experienced attorney, as accident settlements can vary.
What Factors Affect a Car Accident Settlement Amount
A variety of factors can influence car accident settlements. However, there are a couple of crucial factors that determine the settlement amount which are:
Severity of Injuries
In a personal injury claim, it usually goes that the more severe the injuries are, the higher the settlement is.
This is because serious injuries result in more medical costs, lost wages, longer rehabilitation time, and even permanent disability.
Cost of Medical Bills
The total amount of medical expenses plays a significant role in determining a car accident settlement.
Past and future medical expenses are included in car accident claims, which require higher compensation amounts.
The Amount of Lost Wages and Earning Capacity
If the motor vehicle accident results in the victim being temporarily or permanently unable to work, the auto accident settlement will include compensation for both past and future lost income.
In addition, if the victim can return to work but is unable to work at the capacity they were before the car accident, their car accident settlement may also account for the loss of potential income.
Pain and Suffering
One of the non-economic damages accounted for in a car accident settlement is pain and suffering, which refers to the physical pain and emotional distress caused by the auto accident.
Pain and suffering are often difficult to prove, and obtaining maximum compensation for them requires experienced legal representation.
The Extent of Property Damage
Another critical factor in an auto accident settlement is the extent of property damage the vehicle or other personal property incurs.
Liability and Comparative Fault
Nevada has a comparative fault rule that allows for fault to be shared among multiple parties.
This means that if a party shares fault in the accident, their settlement amount will be reduced by the percentage of fault they share.
Insurance Coverage and Limits
The at-fault party's insurance policy limit reflects the maximum compensation you can receive.
In addition, if the at-fault driver is uninsured, underinsured, or uninsured, motorist coverage will be a significant factor in the final settlement.
Experience of Lawyer
The quality and experience of the car accident lawyer you chose will significantly impact your settlement.
If your personal injury attorney lacks negotiation skills or builds a weak case, you can expect your car accident claim to net a low settlement.
What Is a Good Settlement Figure?
Car accident settlements vary, and determining a good settlement figure is subjective.
However, in general, good settlement figures should be the following.
What Makes a Good Settlement
A good settlement should cover all medical costs related to the accident, both immediate and future.
This ensures that the injured person isn't paying for medical bills out of pocket.
In addition, if the accident victim misses work due to the car accident, a reasonable settlement should cover all lost wages and the loss of earning capacity.
To go further, a good settlement should cover all pain and suffering-related damages, such as physical pain and emotional distress, and cover the costs of repairing or replacing the victim's vehicle or other personal property.
In summary, a good settlement figure covers all tangible and intangible losses and considers the future costs of the accident.
How Do You Negotiate a Good Settlement?
To ensure that you obtain fair compensation through negotiations, you must be strategic, practical, and knowledgeable about legal proceedings and law.
Below are a few essential tips you can use to obtain a good settlement.
Obtain as Much Evidence as Possible
The key to negotiating a good settlement is ensuring that you can present as much evidence as possible.
To do this, evidence such as medical records, police reports, photos of the accident scene, witness statements, and documentation of medical and property costs must be collected.
Accurately Calculate Your Settlement
Before you engage in negotiations, work with an experienced attorney and determine your injury claim's worth. You can do this by tallying up medical bills, lost wages, property damage, and pain and suffering.
This will allow you to go into negotiations knowing the full amount of compensation you're entitled to.
Get a Good Lawyer
If you want to be sure that you obtain a good settlement, work with a personal injury lawyer, as they can handle all negotiations with the insurance company and utilize their legal knowledge to protect your rights and obtain maximum compensation.
Demand a High Settlement
When you first start negotiations with the insurance company, demand a high settlement amount, one that is higher than your target settlement amount.
Doing this gives you room to negotiate down and still obtain the compensation you seek.
Emphasize Emotional Points
When negotiating for your settlement, remember that car accident settlements take into account emotional damages. So, ensure that you highlight the pain and suffering and impact on daily life the accident has caused.
Obtain the Compensation You're Entitled To
Contact Us Today
Rodney Okano Car Accident Lawyer is a Las Vegas personal injury law firm with over 20 years of experience helping clients obtain maximum compensation following injuries from accidents such as car crashes, worksite injuries, and slips and falls. Over those years, The Rodney Okano Car Accident Lawyer Law Firm has become an experienced law firm that can ensure exceptional results for any of its clients.
