What Is the Average Settlement for an Auto Accident?

September 27, 2023

If you’ve been involved in a car wreck in South Carolina and were not at fault, you may be entitled to significant compensation. But how much money can you expect from a car accident settlement?

The short answer is that the settlement amount depends on various factors, and you should talk with an experienced Camden accident attorney about what your specific case could be worth. We’ll explain what can influence the settlement amount and provide valuable insights to help you navigate the legal process.

Factors Affecting Car Accident Settlements

Several factors can influence the settlement amount in a car accident case.

  • Shared Fault: South Carolina follows a modified comparative negligence rule, which means that if a victim is found partially at fault for the accident, their compensation may be reduced accordingly.
  • Severity of Injuries: Severe injuries requiring extensive medical treatment, rehabilitation, and ongoing care often result in higher settlements compared to minor injuries.
  • Medical Expenses: Medical expenses are an important factor in calculating the settlement amount. This includes hospital bills, surgeries, medications, diagnostic procedures, specialist visits, rehabilitation, and other necessary treatments.
  • Lost Wages: If you are unable to work or you earn less due to the accident, the settlement may include compensation for lost wages and future income.
  • Pain and Suffering: Physical pain, emotional distress, and loss of enjoyment of life are considered when calculating the settlement amount. However, assigning a monetary value to these damages can be challenging.
  • Insurance Coverage: The insurance coverage limits can affect the settlement amount. If the at-fault party has limited coverage, it may limit the available compensation for the victim.
  • Legal Representation: Experienced personal injury attorneys can negotiate with insurance companies and advocate for their clients to secure a fair settlement.

seek medical attention immediately after the crash

The Settlement Process: Steps to Take After a Car Accident

After a car accident, taking certain steps to protect your rights and ensure a fair settlement is crucial. Here are the key steps to take after a car accident in South Carolina:

  • Seek Medical Attention: It’s important to seek medical attention immediately, even if you don’t have apparent injuries. Some injuries may not be immediately noticeable, and a medical evaluation can help identify and document any injuries related to the accident.
  • Document the Accident: Gather evidence and documentation related to the accident, including photographs of the scene, vehicle damage, visible injuries, and witness statements. Keep copies of the police report and any medical records.
  • Notify Insurance Companies: Report the accident to your insurance company and provide them with all relevant details. You should also notify the at-fault party’s insurance company, as they will likely conduct their investigation.
  • Consult with a Personal Injury Attorney: A personal injury attorney will guide you through the legal process, protect your rights, and ensure you are properly represented during negotiations.
  • Assess Damages: Your attorney will assess the damages incurred as a result of the accident, including medical expenses, property damage, lost wages, and non-economic damages like pain and suffering.
  • Negotiate with Insurance Companies: Your attorney will negotiate with the insurance companies involved on your behalf. They will review settlement offers and advise whether they adequately compensate you for your losses.
  • Litigation if Necessary: If a fair settlement cannot be reached through negotiations, your attorney may recommend proceeding with a lawsuit. They will guide you through the legal process and advocate for your rights and interests.

Hire an Experienced Camden Car Accident Lawyer

At Connell Law Firm, we understand the unique challenges and intricacies associated with car accident settlements. Our dedicated team is committed to standing by your side, offering personalized guidance tailored to your circumstances.

Your journey towards obtaining the compensation you deserve begins with a simple step – reach out to us today at (803) 310-5700.