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Before negotiating a settlement for a car accident or personal injury claim, you need to know what is a reasonable amount of money for your claim. Insurance companies and most personal injury attorneys rely on a formula, computer algorithm, or historical data to help guide negotiations–essentially their own personal injury settlement calculator. This is true for a bodily injury claim after a car accident, motorcycle accident, medical malpractice, slip and fall, or most other personal injury events.
You need to know how much you can get for pain and suffering. The pain and suffering calculator portion factors in your economic losses, along with specific aspects of your injuries, to identify a claim value range you can target during negotiations.
Our free personal injury settlement calculator might be the most comprehensive because it considers more factors than other calculators and it was designed to provide an accurate assessment of case value based on recent results.
Disclaimer: This free personal injury settlement calculator is for informational purposes and does not constitute legal advice, it does not create an attorney-client relationship, and we do not store the information you enter in the calculator.
Most injury victims, if unrepresented, have no idea what their case is worth. You need to know what your case might be worth before negotiating or settling your personal injury claim. Insurance companies rely on computer algorithms and past results to determine settlement offers. This free personal injury settlement calculator is our attempt to level the playing field for unrepresented injury victims.
Most personal injury claims are valued based on past medical expenses, future medical expenses, past wage loss, future wage loss, the nature of your injuries, the duration of your injuries, and property damage if the injuries occurred in a car crash. A common algorithm applies a multiplier (explained in detail below) to your medical expenses to estimate non-economic damages (money for your pain and suffering). The pain and suffering calculator amount is added to your economic damages (medical bills, property damage, and lost income) to provide a total value for your claim, without considering other factors that might raise or lower the value of your claim.
“Your Total Settlement Estimate” is a rough estimate of the total value of your claim. It is comprised of the two main damage types that arise in personal injury cases: economic damages (called “special damages”) and non-economic damages (called “general damages”). Special damages are generally easy to quantify. They include the costs of medical treatment, lost income from missed work, property damage, and other out-of-pocket losses. General damages, on the other hand, are not easily quantifiable. They include pain and suffering, discomfort, disability, disfigurement, anxiety, loss of love, care, affection, companionship, and loss of enjoyment of life.
Valuing general damages is difficult, which is why the multiplier is used in a personal injury settlement calculator. Tort reform and misinformation have led to many people, like potential jurors, using a multiplier to calculate general damages. The theory is that your pain and suffering are a function of how much medical treatment you require. Ignoring the fact that different providers charge different amounts for the same service, multiplying medical expenses by a multiplier provides a comfortable method of calculating the incalculable.
On average, juries use multipliers that range from 1.0 to 10.0. The multiplier will be higher for worse injuries, longer recovery time, permanency, greater impact on your daily life, and aggravating factors about how the injuries occurred (e.g., drunk driver, distracted driver). Most insurance adjusters try to use low multipliers, like 1.5, and argue juries are not so kind. Obviously, the adjuster is puffing and hoping the injury victim accepts a low settlement offer.
Read here about factors that increase the likelihood of a big personal injury settlement.
This free personal injury settlement calculator is not a guarantee for how your case will be resolved. It is here to help you understand how your case might be valued. This personal injury calculator only factors in a small portion of the numerous factors that go into determining the settlement amount for a personal injury case. Therefore, talk with an experienced personal injury lawyer, like the ones at Gage Mathers, to get a better idea of your case’s value.
Personal Injury & Accident Lawyers in Arizona
Speak to one of our personal injury attorneys and learn more about the legal options for your accident claim.
If you or a loved one has been seriously injured, please fill out the form below for your free consultation or call us at (602) 258-0646
2525 E Arizona Biltmore Cir #A114, Phoenix, AZ 85016
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