What Are the Average Car Accident Settlement Figures?

What Are the Average Car Accident Settlement Figures?

As of 2015, car accident settlement figures can range from $500 to $,3000 for smaller accidents or $50,000 to $100,000 for major accidents, Car Accident School reports. There are a few different factors that determine settlements, including the potential award for pain and suffering.

Calculating pain and suffering usually involves multiplying the victim's medical bills by a factor of three. A settlement is generally larger if the victim was not at fault for the accident. Also, the figure depends on whether the injuries sustained are permanent, Car Accident School explains. When determining impact, other things considered are duration of treatment, pre-existing conditions and type of treatment.