What is the Average Car Accident Settlement in Miami?

Car accident rates in South Florida are so high that it’s likely you or someone you know has been involved in one. According to the statistics from the Florida Department of Highway Safety and Motor Vehicles (FLHSMV), there are almost 125,000 total crashes in Broward, Miami-Dade, and Palm Beach Counties annually. Around 70,000 people are killed or suffer injuries in these collisions. 

Florida traffic crash laws provide you with legal remedies as a victim, and a settlement is a standard route for resolving claims. Your Miami car accident lawyer can provide details, but it’s also helpful to know the average car accident settlement for reference purposes.

Factors That Affect Car Accident Settlements in Miami

Initially, the severity of injuries plays a significant role, as more serious injuries often result in higher compensation. The insurance company’s policies and the strength of the evidence—such as witness statements and medical records—also determine settlement value. Other factors that impact settlement amounts include:

  •         Total medical expenses, including future costs
  •         Lost wages and future earning capacity
  •         Property damage

Additionally, Florida’s comparative negligence laws can reduce compensation if the injured party is found partially at fault.

Types of Damages You Can Claim in a Miami Car Accident Case

Victims of car accidents in Miami can seek two types of compensation:

  •   Economic damages include medical bills, rehabilitation costs, lost income, and vehicle repairs.
  •   Non-economic damages cover pain and suffering, emotional distress, and loss of enjoyment of life.

In rare cases, punitive damages may be awarded if the at-fault driver’s actions were reckless or intentional, such as drunk driving or excessive speeding. The total compensation depends on the severity of these damages.

Miami Car Accident Settlements: Real Examples and Case Results

Settlement amounts vary based on specific case details, but past results provide insight into potential compensation. Minor injury cases often settle for $10,000 to $50,000, while moderate injuries may range between $75,000 and $200,000. Severe injury cases, including spinal cord damage or traumatic brain injuries, can result in settlements exceeding $500,000 or more. Each case is unique, and legal representation can significantly impact the final settlement amount.

How Long Does it Take to Settle a Car Accident Claim in Miami?

The settlement process can take several months to over a year, depending on case complexity. Minor injury claims with clear liability may resolve in a few months, while cases involving serious injuries, disputed fault, or extensive medical treatment can take much longer. Insurance negotiations also play a role, as some companies delay payouts to reduce settlements. 

Discuss Your Legal Options with a Miami Car Accident Attorney

The factors impacting the average settlement amount may vary, but an important one is retaining legal help. With decades of experience in traffic crash cases, Gerson & Schwartz, PA has successfully represented clients throughout Miami, Fort Lauderdale, and West Palm Beach. Our skilled team is dedicated to ensuring you receive the compensation you deserve. To discuss your case and learn more about how we can assist you, visit us online or call (305) 371-6000 to set up a free consultation today.

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