See How Much You're Owed in Compensation!

Meta Description: Learn how much an auto accident claim is worth. Read on why getting an estimate is important.

Car accidents occur daily, and the injuries are often severe or even life-threatening. According to the Texas Department of Transportation 2021 report, serious injury crashes in Texas were at 15,764, and 19,448 people sustained a severe injury; these numbers increased by 4.17% from 2020.

A car accident can easily cost thousands of dollars. The crash may have only lasted a few seconds, but your medical bills, lost wages, pain, suffering, and other costs can significantly impact your life for a long time.

Additionally, it is difficult to determine how much a Houston, Texas, car accident settlement is for a case like yours without the assistance of a state-licensed personal injury lawyer.

Do you want to know how much your auto accident compensation is worth? We can help you calculate the estimated value of your claim; fill out the form above for free evaluation.

How is Auto Accident Claim Calculated?

When it is time to file a car insurance claim, you might wonder how much you can expect to get as a settlement. Depending on the type of claim you will make, you can use the available public data below to figure out a number:

• The Insurance Information Institute estimates that the typical payout for a bodily injury claim under a vehicle insurance policy in 2019 is $18,417. Based on the assumption that you were not the driver who caused the accident, that you have an injury ranging from visible to severe, and that you settled the matter directly with the insurance company.
• In 2013, hospital expenditures for whiplash or neck-related pain and injuries sustained due to vehicle accidents were around $53,000 and $97,000, on average. Because this statistic is over a decade old, you should anticipate much more significant medical expenditures for the same kinds of injuries treated in hospitals today.
• According to the Civil Justice Initiative findings, the average amount paid out in personal injury settlements for vehicle accident claims in 2015 was $64,761. However, unless a personal injury attorney supports your claim, an insurance company will likely provide you with that amount.
• According to the National Highway Traffic Safety Administration (NHTSA) data, insurance companies generally only cover 54% of the expenses associated with injury accidents.

Let us look at the data from 2019, which is $18,417. According to NHTSA, the costs of getting hurt in a car accident are closer to twice that amount. However, as stated in our second point above, it is only accurate if you don’t need to go to the hospital.

While on the figure provided by the Civil Justice Initiative, it’s closer to what you could expect if you file a claim for an auto accident through a lawyer. But that $18,417 is only 28.5% of what the average car accident claim in 2015 paid out.

If you have an attorney instead of settling with the insurance company directly, you can get up to 3.5 times more money for your car accident claim.

Why Should I Get an Estimate?

Get More Money

Obtaining an estimate can assist you in determining the actual worth of your claim.

Negotiate To Your Advantage

Insurance companies will attempt to pay you less than the value of your claim. But if you have an estimate, you will have the leverage.

Free Legal Advice

Free consultation with a local vehicle accident lawyer will be available to you.

Risk-Free

The evaluation is completely free.

Take Action Now. Get Help Today!

Contact us today at 866-597-4681 or fill out the form above for your FREE evaluation!