The highest car accident settlements typically involve bodily injuries. However, you could still be entitled to compensation for your accident-related losses even if you weren’t injured. This raises the question: What is the average settlement for a non-injury car accident?
The answer to this question isn’t always simple. While averages can give you a general idea of what others have received, your settlement amount will depend on several factors. The best way to determine how much money you can expect to receive for a non-injury car accident is to consult with a Eagan car accident lawyer at Sieben Polk P.A.
What Is the Average Settlement for a Non-Injury Car Accident?
A settlement is a lump sum payment offered by an auto insurance company to resolve a car accident claim outside of court. Non-injury car accident claims are typically resolved in this manner.
A typical car accident settlement amount is between $1,000 and $20,000, but some cases are worth more or less than these amounts. No two accident cases are exactly alike. Only an experienced car accident attorney can tell you exactly how much your settlement for your non-injury accident may be.
Generally, the most substantial compensation in non-injury accidents is for property damage. According to the Insurance Information Institute, the average claim for property damage in 2018 was $3,841.
How Are Non-Injury Car Accident Settlements Calculated?
When you work with an attorney, they’ll evaluate the full extent of your losses and calculate a fair settlement amount to request from the insurance company. Your attorney will use different calculation methods for each type of damage you’ve sustained and total all relevant costs.
Calculating economic damages is relatively straightforward. It involves combining the cost of the losses you’ve already sustained with the expected cost of your future losses.
Non-economic damages can be trickier to calculate. Your attorney will likely choose between a handful of common calculation methods.
One possible method is the multiplier method, which involves multiplying the total economic damages by a number—typically between 1.5 and three. Another possibility is the per diem method. This approach involves determining a daily rate for living with your non-economic damages and multiplying it by the number of days you’re likely to experience them.
Maximize the Compensation of Your Car Accident Settlement With Our Experienced Car Accident Attorneys
A non-injury accident claim doesn’t pose many of the challenges that personal injury or wrongful death claims do. However, you still face an uphill battle when dealing with insurance companies. These companies are in business to make money and will do everything possible to minimize your settlement amount.
When you turn to the experienced car accident lawyers at Sieben Polk P.A., you’ll have a dedicated advocate in your corner. We’ll take care of every step of the process, from gathering evidence to building a compelling argument to negotiating with insurers.
Our goal is to obtain maximum compensation on your behalf. That could mean facilitating back-and-forth negotiations or bringing the case to trial. We’ll also explore every potential source of compensation, such as multiple liable parties or your own insurance coverage.
If you or a loved one has recently been in an accident, contact our experienced Eagan, Minnesota, car accident lawyers. Call Sieben Polk P.A. at 651-437-3148 for a free consultation.
