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The more severe and permanent your injury is, the more pain and suffering you will experience. Insurance companies typically multiply the amount of medical bills by a number between one and five to calculate pain and suffering. The more severe and permanent the injury, the higher the multiplier.
When a serious injury has occurred, the driver can, however, seek compensation from the at-fault party for damages that include pain and suffering. Drivers who choose the full tort auto insurance option can only seek damages from the at-fault party, but those damages can include pain and suffering.
Following a Car Accident, you can sue the responsible party for all damages as result of the accident. To pursue a personal injury claim for damages that you incurred, you must file your suit against the responsible party within 2 years from the date of the accident.
Your average car accident settlement might be approximately $21,000. It is likely to fall somewhere between $14,000 and $28,000. The settlement is generally higher for more severe or permanent injuries.
That said, from my personal experience, the typical payout for pain and suffering in most claims is under $15,000. This is because most claims involve small injuries. The severity of the injury is a huge factor that affects the value of pain and suffering damages.
The multiplier method is an equation frequently used by insurance companies and is a common way to calculate pain and suffering damages. You add up all actual damages (also called special damages) and multiply that number by a number between 1.5 to 5.
An average personal injury settlement amount is anywhere between $3,000 and $75,000.Of course, most cases fall in between the very high and very low end of average settlements. There are also outliers you've probably heard about people getting settlements that are millions of dollars.
The average compensation payment for moderate injuries was $151,771. The average compensation payment for serious injuries was $352,396. The average compensation payment for severe injuries was $747,188. The average compensation payment for extreme injuries was $1,952,602.
How Much Compensation Is Typical in Personal Injury Cases? More than half of our readers received payouts ranging from just $3,000 to $25,000. But another 26% of readers received over $25,000, making the overall average $52,900.