What Is the Average Settlement for a Car Accident Claim in St. Louis, MO?

Car accidents are costly events. If you’re about to file a car accident claim in Missouri, it’s natural to wonder what the average settlement amount is. Having a frame of reference helps you know if the insurance company is offering you a fair amount. 

Before you file your Missouri car accident claims, it’s important to understand that the “average” amount can range widely. It typically depends on how costly the accident was and the long-term impact of your injuries. 

Compensation After a Car Accident in Missouri

Missouri car accident compensation covers two main losses: property damage and personal injury. Property damage covers damage to your vehicle. 

The insurance company estimates how much it will cost to fix the vehicle, or it decides the vehicle is not worth repairing. In that case, it will identify the vehicle’s worth and pay out that amount so you can buy a new car. 

Personal injury covers injury costs incurred by the accident. When you’re injured in a Missouri car crash, economic damages can reimburse you for a variety of injury costs. These include: 

  • General medical bills
  • Ambulance bills
  • Surgery costs
  • Therapist or specialist costs
  • Assistive device costs
  • Attendant care costs
  • Lost wages and benefits

When you file a claim to recover compensation for car accident injuries, you need to provide proof showing the overall impact your injuries have had on your finances. 

Since the severity of an injury and its long-term effects can vary widely by person, it can be hard to identify a single number when looking at “average” settlement amounts in Missouri.

Average Settlement Amounts After a Missouri Car Accident

Because every case is different, there is no way to know for sure what your settlement amount might be. But to get an idea of what you could recover, take a look at some of the settlement amounts The Wilbers Law Firm recovered in St. Louis, Missouri, in 2022 and 2023:

  • $3,600,000
  • $1,200,000
  • $900,000
  • $670,000
  • $500,000
  • $320,000
  • $325,000

The general rule for Missouri car accident settlements is that the more your car accident injuries impact your finances, the greater your settlement amount should be.

Consulting a Missouri Car Accident Lawyer

Every accident has a unique effect on a person’s health and finances. A minor injury might leave you with medical bills and lost wages during the recovery period. Even when you’re eventually able to return to work, a crash like this can have a serious negative impact on your finances. 

In other cases, a car accident might lead to catastrophic injuries. For example, when a crash results in brain injury or spinal injury, you might never be able to return to work. You might also be left facing extensive lifelong costs, such as attendant care, assistive devices, and an uncertain number of future medical procedures or surgeries. The best way to get the most out of your Missouri car accident claim — and ensure you aren’t being taken advantage of by the insurance company — is to consult a Missouri car accident lawyer before you file your claim.