Use our calculator to determine your personal injury settlement
If you have been in a car accident, it is understandable that you want to know how much your personal injury case may be worth. Negotiating a reasonable settlement for your accident injuries requires you to calculate a rough sum that you would take in exchange for not filing a personal injury lawsuit. It is important to determine what this possible settlement amount is.
Insurance companies and personal injury lawyers use various formulas to arrive at a number to commence settlement negotiations. As the injured party, it is helpful to use an online personal injury settlement calculator so you have an idea what your injuries could be worth. A personal injury calculator is helpful for almost any type of personal injury case, including car accidents, slip and fall cases and many others.
Please use the personal injury settlement calculator below to arrive at a possible settlement amount for your personal injury claim. After you have entered the required information and received a settlement estimate, you should contact an experienced personal injury attorney to get an expert opinion about the value of your claim. Remember, this calculator does not provide legal advice. Only a qualified attorney can provide you with a full financial and legal analysis of your claim.
Below the calculator, we provide detailed information about the values that you need to input into the system to arrive at a ballpark settlement amount.
How the Personal Injury Settlement Calculator Works
Our personal injury settlement calculator asks you to enter the following information. Below is detailed information about each section.
You may be entitled to compensation for the costs of your medical bills that are due to the accident injuries caused by the defendant. If you have to undergo any tests or treatments, or if you must receive any type of medical care, such as hospital stays, stays in nursing home or rehabilitation facilities or physical therapy visits, the defendant must pay for these costs.
Medical expenses can become very expensive in some accidents. This is especially true in accident cases where you are permanently disabled and require lifelong care or life adaptation devices. As you add up your medical expenses, be sure to include all expenses that you had to pay as you have received treatment for your injuries.
Note that in some cases, you may need to turn over some settlement funds to your health insurer, if that company has been paying your medical bills before the settlement. A medical lien may be placed on the anticipated settlement amount to ensure that you pay back the healthcare costs your insurer has paid on your behalf.
This number includes damages to any property you own, such as your vehicle damaged in the accident. It may include such things as:
- Repairs to your vehicle or its replacement cost if it was totaled
- Towing expenses if the car is undriveable
- Expenses for your rental car
- Damage to any personal items in the vehicle, such as in a fire
- Damage to all other property due to the accident
Compensation for your lost wages or income as a result of a personal injury is another important part of damages in a personal injury settlement. This amount includes payment for work that you had to miss due to accident injuries, or because you were receiving medical treatments. If you took vacation days or sick days, you also should be compensated for those days. Also, if you are permanently unable to work due to your accident injuries, your lost wages amount should include what you would have made over your remaining work life. The same holds true if you have been disabled in a manner that inhibits your ability to earn a living in the future, even if that ability has not been entirely affected.
Pain and suffering – multiplier for damages from 1-5
It is common for juries on personal injury cases to award large sums for pain and suffering. This is especially true for major injuries. It is for this reason that insurance companies are more likely than not to settle out of court. When a case does settle out of court, the insurance company typically uses what is called a multiplier to arrive at a reasonable amount for your pain and suffering. This involves the multiplication of your financial losses, including medical bills and lost earnings, times a number that can range between 1-5, depending upon the severity of your injury.
Whether that number is a 1 or a 5 is a complex issue that often is best solved with the help of a personal injury attorney. As you are filling out this personal injury settlement calculator, though, think about the following to arrive at a fair multiplier:
- How bad are your accident injuries?
- How many medical treatments have you received and will receive?
- How many weeks and months of medical treatment were needed and are needed still?
- Is there going to be permanent injuries?
- How has the accident affected your work and daily life?
If you think automatically that you should use a high multiplier, think through it carefully. You should think honestly about the matter and not assume that you are entitled to a 5 – the highest typical multiplier in personal injury cases.
Here are some of the personal injury cases that often justify using a higher multiplier as you fill out the injury settlement calculator:
- The other party’s fault for the accident is total or almost total, and is very obvious. A good possible example would be a high speed, rear end crash where you suffered severe personal injuries in the lead vehicle.
- Your accident injuries have been clearly observed and documented by a healthcare professional.
- Your injuries are obvious, painful and traumatic. For instance, in a rear end crash, perhaps you suffered a compound leg fracture or broken back that led to paralysis.
- Medical diagnosis and treatment should be mostly from hospitals and physicians
- Recovery must take a long time – six months is a good time frame
- You have to have suffered permanent physical consequences that have been medically documented. This may include immobility, paralysis, pain, discomfort and/or scarring.
- Your doctor must state that you will have problems in the future due to your accident injuries.
If your accident injuries include most or all of the above, you are justified in using at least a 5 multiplier for your pain and suffering in this calculator. At the very least, when you are in early settlement negotiations, you can start out with a 5 and potentially settle for less. But remember, you really can only be entitled to a high multiplier with the type of scenarios outlined above.
Even if you feel fully justified in seeking such a high amount for pain and suffering, this does not mean that you will receive it. Later, you may discover that the insurance company adjuster questions your injury claims. Or, you might even find that you are inflating how serious your injuries are in your own mind. This is not an uncommon occurrence; when we are experiencing a lot of pain, it is easy to overvalue that pain in dollar terms.
Also remember that if you overvalue your pain and suffering with the hope of getting a big settlement, this only will make the entire process take longer. Therefore, it is important to ensure that your personal injury claim includes a fair assessment of the multiplier that should be used associated with your medical costs.
One last point on pain and suffering multipliers: Some states have caps on non-economic damages, such as pain and suffering. Speak to a qualified personal injury lawyer to determine if this comes into play in your case.
Other Potential Personal Injury Damages
There also are other potential personal injury damages that could be added to your settlement figure that are beyond the scope of this calculator. To determine if these types of additional damages are in play in your case, talk to a personal injury attorney in your area for more information.
- Loss of companionship or consortium. This amount is typically demanded by a family member of a person who died in an accident, or has been severely injured and will never be the same. The concept here is to provide compensation for the family member for the relationship loss. Loss of consortium refers to a spouse or partner no longer being able to have sexual relations with the injured party.
- Punitive damages. In some severe accident cases, it is possible for the injured or surviving family to receive punitive damages to punish the defendant for especially reckless or dangerous actions. For example, an extremely intoxicated driver with a blood alcohol content level of .25% could be required to pay punitive damages to the surviving family of a person killed in the drunk driving accident. Note that some states have caps on punitive damages in personal injury and medical malpractice cases. A cap of $250,000 on such damages is a common number.
Contact a Qualified Personal Injury Attorney For More Information
The above personal injury calculator is only for instructional purposes. It does not constitute legal advice. It is very important to contact a qualified personal injury attorney for a complete legal and financial analysis of your personal injury case.