What Is the Average Car Accident Settlement in Ohio?

The money available through a car accident settlement in Ohio can vary greatly based on the extent of your injuries and other factors. Generally, instead of focusing on an average, a Hamilton car accident lawyer will look at your specific losses to provide an estimate of the compensation you could receive. 

Working with a lawyer could help you secure the money you need to pay for your medical bills, lost pay, property repairs, suffering, pain, and other losses.  

What Is a Car Accident Settlement in Ohio?

A settlement can refer to money provided by the insurance company after a car accident. Generally, insurance companies send an initial settlement offer relatively quickly after a crash. However, this offer may fail to cover all of your losses. 

Therefore, a Hamilton personal injury lawyer may need to enter into negotiations with the insurance company. A lawyer will assess all offers, counter lowball settlements, and advise you about accepting or rejecting these offers. 

Your lawyer can provide more information about the negotiation process and what the average car accident settlement in Ohio is. 

Compensation Available Through an Ohio Car Accident Settlement

Settling with the insurance company after a crash may allow you to secure compensation for all of your losses. In many circumstances, settlement offers provide money for:

Medical Bills

Car accidents can result in major injuries, like concussions, neck and back injuries, and broken bones. Your settlement may cover the costs of your:

• Emergency treatment at the scene of a crash
• Transport to a medical facility
• Medical tests and necessary procedures
• Medications and physical therapy

An attorney can track all of these losses and may advise you not to settle until you’ve fully recovered. 

Lost Wages

Your settlement may provide money to cover the wages you lose while away from work to recover from a car crash. In some cases, you may get compensation for your reduced earning potential. 

Property Repairs

Motor vehicle accidents can cause a lot of damage to your car and other property. A settlement may provide the funds you need to pay for repairs or the replacement of items destroyed in the collision. 

Pain and Suffering

You may get funds to cover the non-economic effects of a crash when you take an insurance settlement. These funds may pay for your emotional distress, mental suffering, and any pain that interferes with your enjoyment of life. 

You can learn more about the funds available in your situation and what the average car crash settlement is in Ohio when you contact a lawyer for help. 

How Long does It Take to Settle After a Car Accident?

The time it takes to settle with the insurance company after a motor vehicle accident can vary. If you work with a legal team, it may take several months to conclude negotiations and secure the funds that you need. 

However, in some cases, negotiations take significantly longer, especially if you sustained catastrophic injuries in a crash or if the insurance company tries to blame you for the accident. 

Can You Wait to Start Settlement Negotiations?

Ohio limits the time you have available to begin negotiations with the insurance company. Typically, you’ll only get two years to file a claim for compensation because of our state’s personal injury statute of limitations. 

Therefore, it’s essential that you reach out to a law firm for help quickly after a crash. A lawyer can review your situation and provide information on all the deadlines you may face. 

Do You Have to Settle After an Ohio Car Accident?

You don’t have to accept an insurance company settlement offer after every car accident. In fact, your lawyer may advise against settling, especially if the company repeatedly undervalues your losses or engages in stall tactics. 

Instead, your lawyer may focus on filing a personal injury lawsuit against the party responsible for your crash, injuries, and financial losses. 

Going through the civil court system to secure compensation for your losses may take longer than settlement negotiations but represents an option in some situations. 

What do Lawyers Charge to Settle Car Accident Claims?

Generally, personal injury lawyers take on car accident cases using a contingency fee system. Therefore, the firm will receive a percentage of the funds you receive through your settlement as payment for legal fees. 

The contingency fee system means that you do not have to pay legal fees until the resolution of your claim, reducing the overall financial pressures that you experience after a collision. 

Talk to Us About Car Accident Settlements in Ohio

What is the average car accident settlement in Ohio? The funds awarded through insurance settlements can vary wildly based on the extent of your injuries and your other losses. Therefore, our team at Kruger & Hodges focuses on your specific losses instead of what other people receive. 

As “The Hometown Lawyers,” we provided personalized care and support to our community. You can learn more about Kruger & Hodges Attorneys at Law and then reach out by calling or filling out our online contact form to secure professional assistance.