Feb 27, 2024 | Car Accidents
The average car accident settlement in Georgia is around $23,900. This figure can vary based on several factors: Loss of income or earning potential Cost of medical treatment and rehabilitation Property damage expenses Death or disability Emotional distress and psychological trauma What is the average settlement for a minor car accident? The average settlement for a minor car accident claim is around $16,700. That is for cases without bodily injury and only property damage. However, the final settlement amount can also depend on other factors, such as the extent of the property damage and any psychological trauma experienced. When talking about minor injury amounts, especially regarding pain and suffering, the amounts can vary widely, making it hard to pinpoint an average. “Pain and suffering” refer to non-economic damages like physical discomfort, emotional distress, and mental anguish from the accident. Unlike economic damages, pain and suffering amounts are not easily quantifiable. Most insurance companies use the “multiplier method” to determine pain and suffering values, which multiplies the total economic damages by a number between 1.5 and 5, depending on the severity of the injuries. For minor car accidents, this multiplier is typically lower since there is less trauma involved. Need help with Georgia auto accident settlements? Have you been involved in an auto accident in Georgia and need help navigating your settlement? Don’t go it alone; get the assistance of an experienced car accident lawyer. Contact us today to speak to an experienced Marietta personal injury lawyer for a free consultation to assess […]