Average Settlement Amounts for Car Accidents in St. Louis, Missouri
It's important to understand that there's no one-size-fits-all average settlement amount for car accidents in Missouri. The specific compensation you receive depends on various factors unique to your case. Here's a breakdown of what influences settlement amounts:
Severity of Injuries: This is the primary factor. More serious injuries requiring extensive medical treatment, rehabilitation, and long-term care will result in higher settlements compared to minor injuries with minimal medical bills.
Type of Injuries: The nature of your injuries also plays a role. Permanent disabilities, chronic pain, or psychological trauma typically lead to larger settlements than temporary soft tissue injuries.
Lost Wages: Compensation considers wages lost due to missed workdays or reduced earning capacity because of your injuries.
Property Damage: The cost of car repairs or replacement is factored into the settlement if your vehicle was damaged.
Shared Fault (Comparative Negligence): Missouri's pure comparative negligence law reduces your compensation based on your percentage of fault for the accident.
Insurance Coverage: The at-fault driver's insurance policy limits and your own insurance coverage can affect the settlement amount.
Lawyer Involvement: Studies show that people who involve personal injury lawyers typically receive higher settlements compared to those who handle claims themselves.
Here's a general range to provide an idea:
- Minor car accidents with no injuries might settle between $3,000 and $15,000.
- Accidents with moderate injuries could range from $15,000 to $100,000 or more.
- Severe injuries with long-term consequences can lead to settlements exceeding $100,000, potentially reaching millions in some cases.
Remember, these are just rough estimates. Consulting with a personal injury lawyer familiar with Missouri car accident laws is crucial to understand the true value of your case and maximize your potential compensation. They can assess the specific details of your accident, negotiate aggressively with insurance companies, and fight for a fair settlement that reflects the full extent of your losses.