What Is the Average Settlement for a Car Accident in Virginia?
If you’ve been in a car accident, you may be wondering what to expect in terms of compensation for a claim in Virginia. While there is no exact way to know what your claim will be valued at, it can be helpful to think about the average auto collision claim in Virginia and how courts typically handle situations similar to yours.
In Virginia, the average settlement amount for car accident claims falls between $15,000 and $75,000. This is such a large range because several factors heavily influence the value of any given claim. Let’s take a look at the factors that impact the most common outcomes.
Financial Considerations
The first major component is the severity of injuries caused by the accident. In a more serious crash with severe injuries, medical expenses will be much higher, so the injured driver should take those increased expenses into account before agreeing to any settlement.
Another component is the effect of the accident on the injured driver’s ability to work. If someone misses work due to injuries, they should factor those wages into any potential settlement amount. Additionally, if injuries affect future earning potential, the settlement amount should be increased to factor in that loss to the injured driver.
Other financial considerations should include the cost of vehicle repairs or replacement as a result of the collision, as well as the pain and suffering of the injured driver, which will vary depending on the severity of the wreck.
Call a Virginia Attorney to Maximize Your Car Accident Settlement
Call our legal professionals at Price Benowitz for a free case evaluation before agreeing to any car accident settlement in Virginia. Initial settlement offers generally seek to cover only the damages that can be reasonably accounted for in the present. A skilled attorney will help you figure out what future expenses might come your way as a result of the crash and will demand that those expenses be included in the settlement amount.
