Typical Nevada Car Accident Settlements

Average Nevada Auto Accident Settlements Amount

Falling victim to a car accident is an unsettling experience, and it can lead to life-changing damages. For those who have experienced a car accident, you’ll know the only thing more painful than your injuries is the back-and-forth claims process to receive a settlement offer. If you’ve never experienced a car accident, you’ll likely have some questions regarding the process, and how the average car accident settlement amounts range in the State of Nevada.

What is a car accident settlement?

A car accident settlement is basically the negligent driver’s insurance company saying “We’re sorry our client hit you and caused physical and emotional distress, lost wages, and a wrecked automobile. Here is a check for repayment.” Unfortunately, the sum of their “peace offering” will usually be MUCH lower than what you’d expect and are entitled to. Although it is easy to place value on the amount of money that you have paid out, it is harder to place value on pain and suffering. For this reason, you should consult  Las Vegas car accident attorney IMMEDIATELY following your accident to discuss your options for recovery. We are available 24/7 at (702) 800-0988 for free consultations. This leads us to the purpose of this article…

What is the average settlement amount?

The first thing that nearly every client asks us is what the average Nevada car accident settlement. As much as we would love to rub our magic 8 ball and come up with an immediate answer for you, it’s not always cut and dry. There are various factors that go into determining the total settlement value. Instead of throwing out an average, our attorneys look at each claim in detail and provide our clients with a detailed and educated opinion as to how much we think you may be able to recover.

What factors influence a typical Nevada auto accident settlement?

Due to the various factors that influence the final settlement amount of a Nevada auto accident settlements claim, it’s impossible to guess how much a claim would be worth without first investigating a few of the following details:

• The total value of economic damages (explained below): Because of the numerous factors that can influence the outcome of a settlement, it is impossible to say how much a case is worth without doing at least a cursory investigation and assessment, if not a much more thorough one. Even then, there are things that can happen throughout the process that could impact the settlement. That being said, here are some common factors that influence the value of a claim and how much a claimant may be offered by an insurance company:
• Value of economic damages (explained below): Economic damages will have the biggest impact on a Nevada settlement. Economic damages are physical and financial losses. These damages include medical bills, property damage, and lost wages. The higher the economic damages, the greater the potential for a high auto accident settlement award.
• The extent of noneconomic damages: Aside from physical and financial damages, the State of Nevada permits recovery on non-economic damages. Noneconomic damages include intangible things, like pain, suffering, emotional distress, loss of consortium, and a lessened quality of life. Typically speaking, serious physical injuries will translate to a higher value when calculating non-economic damages. Other factors that influence non-economic damages awards include age, marital and parental status, how physically active you are, and so on.
• Comparative fault: The State of Nevada operates under the rule of comparative negligence or comparative fault. What this means is that your settlement can be reduced in proportion to your degree of fault. So, if you are found to be 20 percent at fault, your settlement offer will be reduced by 20 percent. If you are more than 50 percent at fault, you may not be able to recover at all.
• Insurance coverage at play: Quite arguably the biggest influencer of your Nevada auto accident settlement amount is how much insurance coverage exists at the time of your accident. Unfortunately, even if your injuries are severe, you are only able to recover the total amount of policy coverage by the negligent driver. The higher the policy limits, the higher the settlement.
• Filing deadline: The State of Nevada permits two years for action to recover damages caused by an injury. That said, if you miss this deadline, you may be barred from recovering at all.

As mentioned above, you can recover both economic and non-economic damages.

Economic damages

Examples of economic damages may include missed work, medical bills, property damage, current and future medical costs.

Related: Do My Medical Bills Come Out Of My Settlement?

Non-economic damages

This type of pain and suffering is derived from the plaintiff being physically injured in any way other than a bodily injury. Mental pain and suffering is centered on emotional distress, loss of enjoyment of life, fear, depression, anxiety, etc… Mental pain and suffering can basically be summed up as any negative emotion that affects a person in their daily life as a result of accident injury.

Examples of mental pain and suffering may include anger, depression, loss of appetite, lack of energy, lost relationships, sexual dysfunction, mood swings, and/or sleep disturbances, and Post Traumatic Stress Disorder (PTSD).

Conclusion

Understandably so, one of the most frequently asked questions by an injured victim of a car accident is, “How much is my personal injury case worth?”

Determining the value of any claim requires an accurate assessment of a number of factors. The quantity and severity of injuries sustained, the collective amount of medical bills, duration of treatment, permanent impairment vs. recoverable injuries, loss of earnings, compensation, and other individual damages must all be taken into account. Of course, there are other variables affecting case value, such as pre-existing medical conditions, comparative fault (distribution of the percentage of fault) and policy limits.

It is important to notate as well that the initial injuries sustained could worsen. For example, your doctor could find injuries at a later date that were directly contributed to your accident; injuries that have transformed and caused perpetual deterioration. No two injury cases are exactly alike. It is impossible to accurately predict and/or perform an accurate valuation of your case until all varying factors have, or are in the midst of, concluding treatment.

Related Content:

• Collecting Your Car Accident Settlement
• How Long Does It Take for an Injury Settlement?
• Do I Need An Attorney For An Accident?
• Are Slip and Fall Cases Hard to Win?
• What If I Was Partially To Blame For A Car Accident?
• How to File a Personal Injury Claim Without a Lawyer

Contact our office for a free Nevada auto settlement consultation

Although it is nearly impossible to place an accurate valuation on any case at face value, if you’re wondering what the average car accident settlement is, we can provide you with an estimate. If you have been injured in an accident area, please feel free to contact our attorneys immediately to 1.) find out whether or not you are entitled to cash compensation, and if you are, 2.) receive an estimated recovery amount. We will also help guide you through the process, regardless of whether or not you hire us, to ensure you receive the best chance for recovery following your auto accident injury. Why? Because when all is said and done, regardless of whether or not we represent you, we want to see you return to the same level of enjoyment and quality of life you experienced before your accident.

Brian Boyer Injury Firm attorneys are always on your side!

The most important factor to consider is the fact that your final valuation is hinged prominently on the skill level and knowledge of your attorney. After considering all of the above factors, including the effect on your person, we place an accurate valuation of your personal injury claim. We will be able to identify the responsible parties via a comparative fault analysis, and we will locate the correct insurance coverage from which the claim can be paid. Brian Boyer Injury Firm then takes the necessary legal steps to recover the full and fair value of your case.

We have been serving the residents of Las Vegas, NV for over 30 years with their injury claims. We’ve successfully recovered millions and more importantly, have been able to serve our clients with the justice they have so diligently worked for. No case is too big or too small for our experienced Las Vegas injury lawyer. Whether you need to file suit against a large corporation, or you are in a minor fender bender, we are ready, willing, and able to help you in your recovery.

As the State of Nevada provides a limited amount of time to file a claim following an accident injury, please contact us today to discover how we can help you attain a prosperous recovery.