What is the Average Car Accident Settlement Amount in Florida?

Many car accident settlements are confidential and we will never know the correct average amount for a car accident case in Florida. The people who are in the best position to know the average car accident case settlement value in Florida are those at the largest insurance companies that does business in the State. For example, if you ask one of the largest insurance companies how much money they paid out in claims over an entire year for Florida car accidents, and you divide that by the number of car accident claims they received, you would have a very accurate number for the average Florida car accident case settlement value. That said, we have not seen the insurance companies publish that information anywhere that is accessible to us as of the date of writing this article.

Florida Car Accident Settlements

As a Deerfield Beach personal injury law firm, I can tell you that car accident settlements vary greatly depending on the facts of the case, specifically: the size of the impact, the amount of the property damage, the severity of the injuries, and the scope of medical treatment provided to an injury victim. However, car accident settlement values also range widely depending on what law firm is representing the accident victim.  One of the largest law firms in the state of Florida published information regarding their average case settlement value in the year 2020 was $20,000.00. Now, they did not differentiate which of those cases were slip and falls and which were car accidents, but based on the fact that car accident cases make up the vast majority of injury cases in the state of Florida, we can assume that that firm’s average settlement value was in the ball park of $20,000.00 per case.

I worked at another large personal injury law firm in the state of Florida before starting my own firm. It was considered normal if your average case settlement value was $36,000.00. I averaged higher than that throughout my time there, and I have certainly averaged much higher than that while being on my own. As previously mentioned, many settlements are confidential, so lawyers cannot legally publish all of the precise settlement amounts for every single case and provide an exact average. That being said, there are some firms that say $20,000.00 is their average, and other firms that say $36,000.00 is their average. Waring Law averages closer to $50,000.00 per auto accident case.

What Is An Average Settlement Value for a Car Accident Case?

If you have been in an accident, and you are curious about hiring a Deerfield Beach car accident lawyer, and you want to speak with an attorney about their average case values, don’t hesitate to ask them. The best question I receive from my clients is “what is your average settlement value for this type of case?” I think that is a very valid and smart question.

An average is exactly that, an average. It does not guarantee or mean that you are going to receive that amount or even plus or minus $5,000.00 or $10,000.00 of that amount. Some people receive $150,000.00, $250,000.00, or even $400,000.00 while others receive $7,500.00 or $12,000.00.  It all depends on the factors that make up the case, including the identity of the insurance carrier, the willingness of the client to put in the time it takes to settle the case fairly or litigate the case when an offer is not fair.

Contact a Deerfield Beach Car Accident Attorney

I started Waring Law to provide transparency so that people can get what they deserve after an accident. The entire point for my law firm’s existence is to educate clients and for clients to ask these questions so that they can make the best decisions for themselves. We believe that it is their case, and their future, and only they can make the best decisions for themselves. However, people make better decisions when they are fully informed, so it is our job to make sure that they are educated in addition to doing the heavy lifting on the actual cases.

If you’ve been in a car accident, and you want to explore what your case might be worth, please give Waring Law a call today at 954-388-0646 for your free consultation.