What Is the Average Car Accident Settlement in Connecticut?
Car accidents are stressful and expensive, even in minor collisions. If you suffered injuries because of someone else’s negligence, it’s understandable that you want to know how much you could receive in compensation.
However, there is no average or typical car accident settlement in Connecticut that we can share with you. Every case is different and valued based on its individual merits.
If you want to know potential car accident settlement payouts for your specific case, the Connecticut car accident advocates at StangerLaw LLC can help.
When you go online to research the average car accident settlement in Connecticut, you could be looking at numbers significantly lower or higher than your case is worth. Rather than create false expectations or feel like giving up because you think your case has no value, let us walk you through how to calculate your case value.
Factors That Impact the Average Settlement for Car Accident Claims
Several different factors impact the value of your car accident claim. That is why you can have two similar accidents with the same type of injuries but see very different settlements. Some of the most important factors include the following items.
Type and Severity of Your Injuries
Your injuries play a significant role in determining case value. Someone with minor injuries that resolve independently would likely have a lower case value than someone with catastrophic injuries that require extensive medical care. The first thing we look at is how severe your injuries are and what the prognosis is.
Consider two claims involving a broken leg where one plaintiff has complications and will have residual pain for the rest of their life. That person’s broken leg is likely worth more than someone whose leg heals with no long-term effects.
Liability is also one of the most important determining factors in case value. Connecticut is a modified comparative negligence state. That means you could receive compensation even if you share some liability for the accident. However, your own negligence cannot be more than 50%. You will not receive compensation if you are 51% or more at fault.
Any compensation you receive factors in your fault. If you are 20% at fault, you won’t receive more than 80% of your damages. If you are 40% at fault, the maximum would be 60%. Liability can significantly impact your settlement value, which is how two accidents with similar injuries can resolve for vastly different amounts.
Your overall financial losses are important factors in determining case value. The higher your losses, the more you might receive in compensation. Damages include medical expenses, lost wages, pain and suffering, emotional distress, and more. More severe injuries typically have more significant damages, especially if you are disabled and cannot return to work.
Available Insurance Coverage
The amount of available insurance coverage also impacts Connecticut auto accident settlement amounts.
It won’t matter if you have $200,000 in damages if the only available insurance is $50,000. Unless there’s additional coverage, multiple at-fault parties, or you try to sue the defendant directly, your compensation would be limited to the maximum amount of insurance.
Contact a Car Accident Lawyer in Connecticut
If you have questions on the average car accident settlement in Connecticut, StangerLaw LLC can answer all your questions and help you fight to recover fair compensation for your injuries.
We will handle the complicated legal aspects of your claim while you concentrate on your injuries. Call our office at (860) 561-0651 or send an online message today to schedule a free initial consultation to learn more.