Car Accident Settlement Calculator

Calculate a fair settlement amount for your car accident claim with our comprehensive calculator. Include vehicle damages, medical expenses, lost wages, and pain and suffering to estimate your compensation range. This tool helps you evaluate insurance offers and negotiate a better settlement. Explore more legal and insurance tools on CalculatorBolt.

Calculate Your Settlement

Vehicle Damages

Cost to repair vehicle
Pre-accident market value
Loss in value after repair

Medical Expenses

Accumulated medical costs
Expected ongoing treatment

Lost Income

Income lost due to injury
Future earning reduction

Pain & Suffering

Applied to medical + lost wages

Other Damages

Damaged belongings
Miscellaneous costs

Preset Scenarios

Legal Fees

Comparative Negligence

Reduces settlement proportionally

Export

How to Use This Settlement Calculator

Enter all relevant damages from your accident, including vehicle repair costs, medical expenses, lost income, and other expenses. The calculator will apply a standard multiplier to determine pain and suffering compensation and provide you with an estimated settlement range. This range represents what might be considered fair compensation for your claim.

Understanding Settlement Calculations

Insurance settlements typically include economic damages (actual monetary losses) and non-economic damages (pain and suffering). Economic damages are calculated by adding up all your quantifiable losses, while pain and suffering is usually calculated as a multiple of your medical expenses, depending on the severity of your injuries.

Example

For an accident with $3,000 in vehicle repairs, $2,500 in medical bills, and $1,500 in lost wages:

  • Economic Damages: $7,000
  • Pain & Suffering (2.5x multiplier): $10,000
  • Estimated Settlement Range: $17,000 - $25,500

Tips for Maximizing Your Settlement

  • Document Everything: Keep detailed records of all expenses, medical treatments, and how the accident has affected your life.
  • Get Multiple Repair Estimates: This helps establish a fair value for vehicle damages.
  • Follow Medical Advice: Attending all recommended medical appointments strengthens your claim.
  • Consider Diminished Value: Even after repairs, your vehicle may be worth less than before the accident.

FAQs

Pain and suffering is typically calculated by multiplying the total medical expenses by a factor (usually 1.5 to 5), with higher multipliers for more severe injuries.

Diminished value is the difference in your vehicle's market value before the accident and after repairs have been completed.

Insurance companies often make lower initial offers. Use this calculator to determine if the offer is fair before accepting.

By default, it doesn't, but you can include attorney fees in the advanced options to see your net settlement after legal costs.

Disclaimer

This settlement calculator provides an estimate based on the information you provide and standard calculation methods. It is not legal advice and does not guarantee any specific settlement amount. Actual settlements vary based on many factors including jurisdiction, insurance policy limits, and the specific circumstances of your case. Consult with a qualified attorney for legal advice regarding your claim.

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Author: CalculatorBolt Editorial Team
Reviewed by: Legal/Insurance Specialist
Published: • Updated: