What is the average car accident settlement payout in Maryland?

When you’re in an accident, it’s natural to wonder what you might stand to receive in monetary compensation. You may wonder what to expect when you bring a claim. On the other hand, you may wonder if it’s even worth bringing a claim. Maryland is an at-fault state. Average compensation depends on the actual damages and the types of losses that the victim incurs.

What is a typical Maryland car accident settlement?

A typical Maryland car accident settlement depends on the following factors:

  • The total amount of financial losses of the victim like medical bills
  • Whether the damages are physical injuries or property damage
  • How much pain and suffering results from the injuries
  • The extent to which injuries change a person’s lifestyle and their ability to work
  • The clear link between the accident and the losses sustained by the victim
  • Availability of an insurance policy to satisfy a judgment
  • Any degree of fault that the victim may have contributed to the accident

Generally, a typical Maryland car accident settlement pays for the financial losses of the victim plus an amount to account for the victim’s pain and suffering. This amount is relative to the actual losses that the victim sustains. Truly, there is no dollar value that is typical for all motor vehicle accidents. Instead, it depends on the losses actually sustained by the victim. In addition, there are things that victims can do to increase their motor vehicle accident settlements.

Determining a car accident settlement amount in Maryland

Because a car accident settlement depends on individual circumstances, it’s important to evaluate the entire situation surrounding the case in order to determine the likely settlement value. Generally, a car accident settlement should be in proportion to the damages sustained by the victim. However, there are a number of factors that can impact the strength of the case and the appropriate settlement amount for a victim.