How Much is the Average Settlement for a Car Accident in Illinois?
If you're dealing with the aftermath of a car accident in Illinois, you might be wondering about what potential settlement amounts can be with respect to financial recovery for your injuries. At Maksimovich & Associates, we provide legal guidance to help you maximize your compensation based on the specific circumstances of your case.
The Factors That Influence Settlement Amounts
Several key factors affect the settlement amount you might receive following a car accident in Illinois. These include the extent of your injuries, the details of the accident, insurance coverage, and the degree of fault each party holds. Illinois operates under a fault-based system, meaning that the driver who is found to be at fault for the accident is responsible for compensating any damages. The more severe the injuries and damages involved, the higher the potential settlement amount.
Average Settlement Data
Typically, the average compensation for injuries from a car accident is around $25,500. However, if the accident involved no injuries or only minor ones, the settlement amounts are considerably lower, ranging from $2,500 to $10,000. Other types of vehicle accidents have higher average settlements: average trucking accidents settle for just over $73,000, and motorcycle accidents for approximately $79,000 on average. It's important to note that these figures are not definitive for all cases. Every accident has its own specific context, including the nature of the accident, applicable insurance policies and degree of fault, which influence the final settlement. The amount awarded in personal injury claims varies greatly, primarily based on the severity of the injuries sustained.
Typical Settlement Ranges Based on Injury Severity
The average settlement for car accidents in Illinois spans a wide range depending on the injury severity and the circumstances surrounding each case:
- Minor Injuries: Settlements typically range from $2,500 to $10,000.
- Moderate Injuries: These cases, including broken bones or moderate trauma, can see settlements ranging from $10,000 to $75,000.
- Severe Injuries: In cases of severe or long-term disabilities, settlements can range from $100,000 to $1 million or more.
- Fatal Accidents or Permanent Injury/Disfigurement: Settlements in wrongful death cases or cases involving permanent life-altering injuries and/or disfigurement can range from $500,000 to over $3 million or more.
Insurance's Role in Settlements
Insurance coverage plays a crucial role in the settlement process. In Illinois, all drivers are required to have minimum liability insurance, which covers damages to another person’s property or injuries to other people in an accident you cause. Additional coverage options, such as uninsured motorist coverage and comprehensive coverage, can also influence the settlement amounts.
Contact Us For Car Accident Help!
The average settlement for a car accident in Illinois depends on a variety of factors in each case and therefore is not easy to predict with certainty. Generally, having a skilled lawyer handle your case almost always results in a higher settlement amount. At Maksimovich & Associates, P.C., we specialize in personal injury and car accident cases, helping you get fair compensation for your injuries . For direct inquiries or to for a free review of your case, please Contact Us today.
Remember, each car accident case is unique, and while these figures provide a guideline, your actual settlement could vary based on the specifics of your situation. Our team is here to help ensure that you receive the full compensation you are entitled to under Illinois law.
