How Much Should I Settle for After a Car Accident?

8/8/2022 By webmaster Read in 5 minutes

Even minor car crashes can result in costly vehicle repairs.

Accident injuries will likely add medical expenses to the total, with the bills quickly piling up. If you are unsure how to get the compensation you deserve, the Mike Hostilo Law Firm can help! Our personal injury law firm will handle every aspect of your car accident claim, ensuring you never settle for less than you deserve. Read on to learn more, then get in touch to schedule your free initial consultation!

What is the Average Settlement For Car Accidents?

There is no set amount that crash victims receive. Because every car accident claim is different, our team takes a personalized approach to maximize the settlement you receive. 

That said, the average personal injury car accident claim settled for $18,417 in 2019, while the average property damage claim (with no injuries) settled for $4,525.

While there is no limit to general damages for car accident cases, there is a cap for punitive damages – unless the at-fault driver was under the influence of alcohol or drugs. The cap amount varies from state to state, so be sure to consult an experienced car accident lawyer near you.

How Much Will The Insurance Company Offer in Car Accident Settlement? 

The at-fault driver’s insurance coverage may play a role in the settlement you receive. Most states require drivers to carry a minimum amount in bodily injury and property damage liability, with some drivers paying the minimum and others opting to spend more. If their policy is not enough to cover your damages and an agreeable settlement cannot be reached, you may need to file a personal injury lawsuit.

5 Factors That Impact Your Car Accident Settlement

Our car accident lawyers have detailed five factors that often factor into the settlements we recover for our clients. Check them out here:


Financial damages include vehicle repairs, medical bills, lost wages, and pain and suffering. These amounts are totalled, giving your car accident lawyer a better idea of how much settlement you truly deserve.


As mentioned above, most states require drivers to carry a certain amount of insurance coverage. The majority of states also require uninsured motorist coverage. This coverage is used if you are hit by an uninsured driver, with your insurance company paying compensation instead of the at-fault driver’s. The coverage the other driver carries will influence the settlement you recover.


Because Georgia, South Carolina, and Alabama are all at-fault states, it is important to determine who is to blame for causing your accident. If the other driver is deemed at-fault, their insurance company will offer a settlement. If the blame is shared, however, the amount of compensation will be reduced. For instance, if you are 20% at fault, your settlement will be reduced by 20% to account for the role you played in causing the accident.


Generally speaking, the more severe the injury, the more extensive (and costly) the medical treatment. That’s why the severity of your injury will greatly impact the damages you deserve. In addition to medical bills, your car accident lawyer will account for pain and suffering to determine a fair settlement.


The laws regarding minimum insurance coverage vary from state to state, as do rules of the road and statutes to address fault. Here at the Mike Hostilo Law Firm, our team knows state law inside and out – so we are equipped to offer trusted legal advice.

Contact a car accident lawyer today to schedule your free consultation!

How to Maximize Your Car Accident Settlement

If you have been injured in a car wreck, our personal injury law firm will fight to hold the at-fault driver accountable. We will gather the evidence needed to strengthen your car accident claim, and negotiate on your behalf to ensure a reasonable settlement is recovered.

After your accident, get in touch as soon as possible. The Georgia statute of limitations for car accident claims is two years, but the clock is already ticking. And to best preserve evidence, it is crucial to get started right away.

For trusted legal representation when you need it most, schedule your free initial consultation today!

More Questions? Discover A Car Accident Lawyer Near Me

Our local team is proud to serve car accident victims here at home. We are standing by to help in the following areas:


Albany, GA

Atlanta, GA

Augusta, GA

Columbus, GA

Macon, GA

(Park of Commerce) Savannah, GA

(Abercorn) Savannah, GA

Statesboro, GA 

Warner Robins, GA


Aiken, SC

Beaufort, SC 

North Charleston, SC  


Phenix City, AL

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