Average Car Accident Settlement in Oklahoma [2024 Updated]

The average car accident settlement in Oklahoma can range from a couple of thousand dollars to several thousand dollars. There are some cases that can even breach the million-dollar threshold. There are many factors that will contribute to the determination of the settlement amount. If you or someone you know has been involved in a car accident, then you should speak with an experienced accident attorney. An attorney could be the resource you need.

Factors That Impact the Settlement Amount

Of the multitude of factors that can impact the total amount of an accident settlement, some of the most common are:

• Severity of injuries. In general, the more severe or permanent your injuries, the greater your settlement amount could be. Major injuries could include brain damage, spinal cord damage, or loss of limbs. Minor injuries can include broken bones, torn ligaments, or concussions.
• Medical expenses. Any medical expenses that result from the injuries sustained in the accident could be recovered in the settlement. Medical expenses could include surgeries, hospital bills, rehabilitation and therapy, prescriptions, and any other expenses associated with your injuries. Each car accident settlement will take into account the amount of medical expenses needed.
• Degree of fault. If the responsible driver is found to have displayed an egregious amount of recklessness or negligence in the accident, then you could receive a greater amount of compensation. Also, you could be awarded punitive damages as a way to punish the responsible driver for their actions. Punitive damages are used to discourage drivers from engaging in future negligent actions.
• Lost income. If your injuries or damages forced you to take time off work and therefore lose income, that income could be recovered in your settlement amount.

What an Accident Attorney Can Do

An accident attorney can help you through each step of your claim. An attorney can:

• Investigate the incident. Gathering evidence and investigating the accident is a very important component of an accident claim. An experienced attorney can help gather sufficient evidence to build you a strong case.
• Negotiate with other parties. The element of negotiation is an important part of every liability claim. You want to ensure that you have a professionally trained individual on your side leading these negotiations. Attempting to negotiate by yourself could be very detrimental to your case.

FAQs

Q: How Much Money Should I Ask for in a Settlement?

A: You should ask for enough money to cover any medical expenses, injuries, and damages that you experienced. Also, you should ask for enough money to compensate you for any pain and suffering. If you were involved in an accident that was caused by the negligence of another driver, you deserve to be compensated for your troubles. Car accidents can cause life-altering injuries, and the associated medical bills can be expensive.

You should speak with an accident attorney who can help you recover the compensation you deserve.

Q: What Is the Usual Result of a Settlement?

A: The result of each car settlement can vary, depending on a multitude of factors. The outcome can vary from case to case but if you have the right attorney on your side, then your chances of successfully resolving your case are greatly improved. Additionally, if there is strong evidence, several witnesses, and proper cooperation with the insurance companies involved, then your case could result in a favorable settlement for you. The first step in every case is to engage a qualified attorney who can help.

Q: How Much Money Can a Passenger in a Car Accident Get in Oklahoma?

A: There is no limit to the amount a passenger can get in a car accident in Oklahoma. Under Oklahoma law, every driver on the road is required to carry the minimum level of car insurance. The minimum liability insurance coverage is $25,000 for bodily injury protection, $25,000 for protection against property damage, and $50,000 per accident. As a passenger, if you are injured in an accident, your injuries could be covered by the responsible driver’s insurance policy. Speak with an attorney for details about your specific case.

Q: How Much Are Most Personal Injury Settlements?

A: Personal injury settlements can vary depending on the circumstances of the case. There is no minimum or maximum amount that can be paid out. Cases can range from a couple of thousand dollars to several hundred thousand dollars. Perhaps the largest factor influencing the settlement amount is the severity of the injuries sustained. For example, if you suffered a brain injury that requires substantial surgical procedures, your settlement amount will be greater than if you only suffered a broken bone.

Q: How Can I Maximize My Settlement Amount?

A: Ways that you can maximize your settlement amount include:

• Collecting evidence
• Exchanging contact information with witnesses
• Filing a police report
• Getting the medical attention you need
• Seeking the necessary legal representation

Each of these factors can go a long way toward maximizing your settlement amount. In general, if you suffered extensive injuries and you have enough evidence and witnesses to support your claim, your case will likely be successful. Also, it’s very important that you get the proper legal representation that you need.

Attorneys Ready to Help You

Car accidents can be very scary events. They can cause serious physical, emotional, and mental trauma for all parties involved. Individuals who have been involved in accidents and suffered injuries deserve to be fairly compensated. It is also important to hold negligent and reckless drivers accountable for their actions. With the help of an experienced accident attorney, you can rest assured that the negligent driver can be held accountable for their reckless actions.

At 222 Injury Lawyers, our experienced legal team is ready and able to help. We have assisted individuals all across the state of Oklahoma with resolving their accident cases. Our team can employ the dedication, determination, and compassion needed to achieve a favorable result for you. We can help you explore the extent of your legal options under Oklahoma law. Contact us at one of our Oklahoma offices today to see how we can assist you with your case.