What is the Average Car Accident Settlement in Texas?

 

The settlement money one can secure after a car accident in Dallas will depend on multiple factors, including the severity of injuries, the level of damage to the vehicle, the amount of lost wages, hospital expenses, and other variables. Because every case is unique, there is no way to predict a claim’s value without careful analysis of each of these factors.

Toward that end, it’s fair to say there is no “average” car accident settlement in Texas. Figures can range from $15,000 to more than $2 million, depending on the circumstances of the crash.  Many online formulas claim to calculate settlement values. However, these are seldom accurate and don’t consider the losses incurred until maximum medical improvement and other important factors that can increase the final settlement amount.

The easiest way to get a better understanding of your claim’s potential value is by consulting with an experienced personal injury attorney who specializes in this field. They can evaluate the case-specific facts and determine the smartest legal strategies to maximize your settlement.

Calculating Car Accident Damages

Insurance companies that are quick to settle are hoping that claimants take the money and close the case without a fight. The truth is these initial settlement offers are usually low and don’t factor in the full extent of all economic and non-economic damages. Without a qualified car accident lawyer to protect your interests, there is no way to ensure the insurance adjustors are treating you fairly.

Your legal counsel knows how to calculate the actual value of your past, current and anticipated losses. A settlement may include compensation for:

  • Ambulance service
  • Hospitalization and doctors’ appointments
  • Diagnostic testing
  • Medical expenses for surgery, medication, or assistive equipment
  • Loss of income
  • Diminished earning capacity
  • Repairs or replacement for property damage
  • Pain and suffering
  • Emotional anguish
  • Loss of enjoyment of life

A Qualified Attorney Can Maximize Your Settlement

An attorney is invaluable in the negotiation process, as they can ensure you receive a fair car accident settlement in Texas. Without expert legal guidance, claimants are more likely to be taken advantage of by insurance companies, whose sole interest is protecting their bottom line.

Nearly all car accident claims end in settlements. However, bringing a high-caliber lawyer to the table tells the insurance company that if negotiations aren’t fruitful, you have an advocate who is willing to take your case to trial.

Contact us for a free consultation

Angel Reyes & Associates is well-versed in the tactics used by Texas auto insurers to minimize their financial exposure. As your legal advocate, our job is to investigate and establish your car accident claim’s total value. In the wake of a collision, you don’t have to deal with the aftermath and insurance adjustors alone.

Put the resources and experience of a trusted DFW area car accident lawyer to work for you.  Contact us to arrange a free case evaluation today.