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How Much Compensation Will I Get from My Car Accident Settlement?

The Law Office of George O. Haskell June 18, 2023

If your car has been damaged or you have suffered an injury because of a car accident, you may have a potential claim against the negligent driver. In Georgia, there is no set formula to calculate exactly how much you will receive from an accident. Instead, there are a wide variety of factors that must be considered. At The Law Office of George O. Haskell, IV, we have extensive experience representing people in automobile accident cases. Mr. Haskell has helped countless families in Macon and throughout Georgia understand their legal rights in personal injury and automobile accident cases.

How Is Car Accident Compensation Calculated?

You may be able to recover compensation for actual monetary losses because of an accident. You can receive compensation for special damages such as:

  • Any lost wages because of an inability to work due to injury

  • Any medical bills, including hospital visits, prescription drugs and rehabilitation

  • Any bills from getting your car fixed after the accident

  • Rental car or loss of use damages

  • Diminished value of your vehicle after it is repaired

You can also receive compensation for pain and suffering and loss of enjoyment of life. However, these are much more difficult to quantify and depend largely on the actual circumstances. Factors that determine pain and suffering are:

  • Seriousness of injuries

  • Amount of pain from the injury

  • Duration of the pain

  • Pre-existing injuries

  • Loss of ability to engage in recreation or hobbies

  • Potential future complications

  • Effect the accident had on family members

Some attorneys use a multiplier method where they take the amount of economic loss and multiply it to determine a fair dollar amount, but this is just one of many ways to estimate the value of a claim. Our Macon, Georgia office has decades of experience evaluating and handling personal injury claims, and we use this experience to give client’s a better understanding of what their case is likely worth. We can help you navigate the car accident lawsuit process and work to get your fair compensation.

In Georgia, it is also important to remember that your percentage of fault in the accident will affect your compensation. For example, if you are 20 percent at fault in an accident and received $10,000 in compensation you will only receive $8,000.

We Can Help You Get the Compensation You Deserve

Not all car accidents are the same. Our lawyer will take the time to understand every factor of your accident and work to help you reach a settlement that you deserve.

If you have any questions about compensation from a car accident, you can call us for a free consultation or contact us online.