What is the Average Payout for a Personal Injury Claim in the USA?
If you have been injured in an accident, you may be wondering what the average payout for a personal injury claim is in the USA. It is important to understand the average settlement amount for personal injury cases so that you can make an informed decision about your case.
The average personal injury settlement amount is approximately $62,600, which was derived from retrieving settlement amounts in personal injury cases that were settled in the last 5 years (between 2016 and 2021). This figure is an average of all personal injury cases, including those that were settled out of court and those that went to trial.
The amount of compensation you can receive for a personal injury claim depends on a variety of factors, including the severity of your injuries, the amount of medical bills you have incurred, and the amount of lost wages you have suffered due to your injury. The more severe your injuries, the higher the settlement amount you can expect to receive.
In addition to the severity of your injuries, the amount of compensation you can receive also depends on the amount of insurance coverage the at-fault party has. If the at-fault party has limited insurance coverage, you may not be able to receive the full amount of compensation you are entitled to.
It is important to note that the average settlement amount is just that – an average. Some personal injury cases may settle for more than the average, while others may settle for less. The best way to determine the amount of compensation you may be entitled to is to speak with an experienced personal injury attorney.
An experienced personal injury attorney can review the facts of your case and advise you on the best course of action. They can also help you negotiate with the insurance company to ensure that you receive the maximum amount of compensation you are entitled to.
If you have been injured in an accident, it is important to understand the average payout for a personal injury claim in the USA. The average settlement amount is approximately $62,600, but the amount of compensation you can receive depends on a variety of factors. The best way to determine the amount of compensation you may be entitled to is to speak with an experienced personal injury attorney.
Feb 7, 2022
