Car accident settlements in Arizona typically range between $10,000 and $80,000. However, a settlement can be more or less. In Arizona, compensation from car accidents typically stems from two main sources: bodily injuries and property damage. The extent of these damages influences the potential settlement amount.
Calculating the value of your claim involves adding up these damages, including medical expenses, lost wages, and car repair costs. The challenge often lies in quantifying non-tangible losses such as pain and suffering, mental anguish, trauma, and loss of enjoyment of life. These damages often depend on the severity and duration of your injuries.
The multiplier method is the most commonly used strategy for calculating pain and suffering damages. This method involves multiplying the actual economic damages (e.g., medical bills and lost wages) by a certain number (typically between 1.5 and 5) based on the severity of the pain and suffering.
Car accident settlement payouts can also be influenced by the type of accident. For example, truck accidents generally involve higher insurance coverage, while accidents involving motorcycles, pedestrians, or bicyclists often result in more severe injuries and higher settlements.