What Is the Average Settlement for a Car Accident in Missouri?

Car accidents not only result in physical and emotional injuries, but can also lead to significant financial burdens. If you’ve suffered injuries in a Missouri car accident, you may be entitled to compensation for these and other losses. An experienced car accident attorney can review the details of the accident and help you understand your legal situation, including how much compensation you may be able to recover.

 

Factors Affecting Car Accident Settlement Amounts in Missouri

 

Settlement payouts typically cover medical bills, lost wages, property damage, and pain and suffering. There is no fixed settlement amount. The compensation you receive depends on multiple factors, including:

 

  • Severity of Injuries – The extent of your injuries significantly influences your potential settlement amount. Typically, the more severe your injuries, the greater your medical expenses and lost wages. This leads to an increase in the potential settlement award.
  • Vehicle Damage – Missouri law allows you to receive compensation for car repairs and replacement costs associated with the accident.
  • Insurance Policy Limits – The insurance policy limits of the parties involved also impact the settlement figure. While Missouri requires drivers to carry minimum liability insurance, the actual available coverage limits can vary significantly.
  • Fault and Liability – In Missouri, you can pursue compensation even if you were mostly at fault for the accident. However, any settlement amount will be reduced by your percentage of fault.

 

Average Settlement for Missouri Car Accident Without Injuries

 

Many car accidents are “fender benders” where no one is seriously injured, but the vehicles sustain damage. These claims generally settle for a smaller amount than accidents involving injuries.

 

The average settlement amount for a minor car accident without injuries may be anywhere from several thousand dollars to $10,000 or more. The amount varies depending on the extent of damage and the type of vehicle involved.

 

Average Settlement for Missouri Car Accident with Injuries

 

In general, car accident settlement figures correspond to the severity of the accident. As injuries become more severe, medical bills escalate and recovery periods lengthen. These factors drive settlement figures up. The heightened pain and suffering and diminished quality of life associated with severe injuries also affect the amount of compensation.

 

Major car accident settlements in Missouri can vary significantly, ranging from $15,000 to over $1 million, particularly in cases where severe injuries or death occur.

 

Why You Need a Missouri Car Accident Attorney

 

Insurance companies may try to persuade you to accept a fast initial settlement offer that’s far less than you deserve. Insurers aim to minimize payouts and maintain their own profitability. Given the stakes involved – your mental, physical, and financial well-being – you don’t want to take on the insurance companies alone. An experienced car accident attorney will take on the insurance companies and advocate for the full and fair compensation you deserve so you can focus on your physical recovery.

 

Contact an Experienced and Trusted Missouri Car Accident Attorney

 

At Holland Injury Law, LLC, our skilled auto accident lawyers are here to guide you through the claims process. To learn more about how we can help with your Missouri car accident case, call or contact us online for a free consultation.

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