Do you often wonder what the average settlement is for motorcycle accidents? If so, you're not alone. According to the National Highway Traffic Safety Administration (NHTSA), there were nearly 82,000 motorcyclists injured in traffic crashes in 2018 alone, and 89,000 injured motorcyclists in 2017. This alarming number of injuries raises questions about compensation and justice for those involved in these unfortunate incidents. In this blog post, we will explore the factors that affect motorcycle accident settlements and provide insight into the typical amounts awarded to victims. Whether you have been a motorcycle accident victim or are simply curious about how these settlements work, keep reading to better understand this complex process.
What Is a Motorcycle Accident Settlement?
Before diving into the specifics of average payout, let's first define what a motorcycle accident settlement is. In simple terms, it refers to an agreement reached between parties involved in a motorcycle accident to resolve any legal claims and disputes without going to court.
This typically involves the injured motorcyclist negotiating with the at-fault party or their insurance company for financial compensation for damages and losses incurred in the accident. Settlements can also be reached between parties after a lawsuit has been filed, but before it goes to trial.
What Kind Of Damages May Be Sought In A Motorcycle Accident Case?
The damages sought in a motorcycle accident case may vary depending on the specific circumstances of the accident and the injuries sustained by the victim. Generally, these damages can be divided into four categories.
Physical Injuries
The first and most obvious type of damages are those related to any physical injuries sustained in the motorcycle accident. This may include medical expenses, rehabilitation costs, lost wages due to time off work, and even compensation for permanent disabilities or disfigurement.
Mental Anguish/Pain and Suffering
Motorcycle accidents can also have a significant impact on a person's mental and emotional well-being. Victims may seek compensation for any mental anguish, pain, and suffering caused by the accident.
Loss of Income/Enjoyment of Life
In some cases, motorcycle accident victims may not be able to return to work or participate in activities they enjoyed before the accident. In these instances, they may seek compensation for any lost income or loss of enjoyment of life.
Damages to the Motorcycle
In addition to personal injuries, victims may also seek compensation for any damages to their motorcycle. This can include repairs or replacement costs, as well as rental fees for a temporary replacement vehicle.
Factors that Affect A Motorcycle Accident Settlement
The amount of compensation awarded in motorcycle accident settlements varies greatly and is influenced by several factors. Some of these factors include:
1. Severity of Injuries
One of the most significant factors that affect settlement amounts is the severity of injuries sustained in the accident. Injuries that require extensive medical treatment, rehabilitation, and long-term care will typically result in higher settlement amounts.
2. Liability
In order for a victim to receive compensation, it must be proven that the other party was at fault for the accident. If there is clear evidence that the victim was also partially at fault, this can reduce the settlement amount.
3. Insurance Coverage
The insurance coverage of both parties involved in the accident also plays a significant role in determining settlement amounts. If the at-fault party has limited insurance coverage, it may limit the amount that can be awarded to the victim.
4. Lost Income and Earning Capacity
Motorcycle accident victims may be entitled to compensation for lost income and earning capacity due to being unable to work during recovery. This can include both current and future lost income.
5. Property Damage
Compensation for property damage, such as motorcycle repairs or replacement, is also considered in settlements. The amount awarded will depend on the cost of the damages.
Do you live in Missouri and want to learn how much your motorcycle accident claim may be worth?
Then, we recommend you read our article How to Calculate the Value of Your Injury Claim After a Missouri Motorcycle Accident.
What Is the Average Motorcycle Accident Settlement?
Depending on the above factors and other circumstances of the accident, the average settlement for a motorcycle accident can range from a few thousand dollars to millions.
For instance, a minor accident with no severe injuries and minimal property damage may result in a settlement of around $15,000. However, a catastrophic accident resulting in permanent disabilities or loss of life can result in settlements upwards of $1 million.
It is important to note that each case is unique and there is no set formula for determining settlement amounts.
The best way to determine the potential value of your injury case is to consult with our personal injury lawyers, who can evaluate the specifics of your situation and provide an estimate based on their experience and knowledge.
It is also essential to keep in mind that settlement amounts may vary depending on the state where the accident occurred and specific insurance policies. Consulting with our legal experts can help ensure that you receive fair compensation for your damages.
Do not hesitate to seek our legal help and protect your rights as a motorcycle accident victim. Remember, you may be entitled to compensation for various damages, including your medical bills, lost income, property damage, and pain and suffering. Our skilled attorneys are here to help you navigate the legal process and fight for the settlement you deserve.
So, if you or a loved one has been involved in a motorcycle accident, call our experienced motorcycle accident lawyer at 816-203-0143 for a free consultation, and let us help you file an accident lawsuit and get the justice and compensation you deserve.
What Is the Average Motorcycle Accident Settlement According to Statistics?
According to a study by Jury Verdict Research, the median motorcycle accident verdict is around $73,700. This data was obtained from jury verdicts and settlements in motor vehicle accident cases involving motorcycles between 1999 and 2006.
Based on the same study, the average motorcycle accident settlement amount for the same period was $561,065.
However, it should be noted that these numbers may vary greatly depending on the specifics of each case.
Do you want to understand how motorcycle accident settlements work? Then, we recommend you read our article How Do Motorcycle Accident Settlements Work.
How Much is a Good Motorcycle Accident Settlement Amount?
As mentioned earlier, the settlement amount for a motorcycle accident case depends on various factors. A good settlement would be one that covers all the damages incurred by the victim and provides fair compensation for their losses. This includes:
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Medical expenses,
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Lost income,
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Property damage,
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And pain and suffering.
Additionally, a good settlement should also consider any long-term or future effects of the accident, such as ongoing medical treatment or disability.
Are you uncertain about the actions to secure a fair settlement for your motorcycle accident? Then, we recommend you read our article What to Do After a Motorcycle Accident.
How Can Our Attorney Help in Getting a Fair Settlement?
Victims of motorcycle accidents often face challenges when trying to obtain fair compensation from insurance companies. This is where having our experienced attorney on your side can make a difference.
Our skilled motorcycle accident attorney will have a deep understanding of the legal system and know how to navigate it effectively. They will gather and present evidence, negotiate with insurance companies and advocate for your rights to ensure that you receive a fair settlement.
Moreover, hiring our personal injury attorney can also ease the stress and burden of dealing with the legal process on your own while you focus on recovering from your injuries.
Don't hesitate to reach out to our team at Kevin McManus Law Firm if you or a loved one has been involved in a motorcycle accident. We're dedicated to providing compassionate and aggressive representation to help you get the compensation you deserve.
Let us handle the legal aspects while you focus on healing and moving forward with your life. Contact us today at 816-203-0143 or use our online contact form to schedule a free consultation.
