The average settlement amount for Arizona personal injuries typically ranges from roughly $5,000 to $80,000, though insurance companies often settle in the $100,000 plus range, and many of our clients have received much more. However, the amount of compensation you will recover for your personal injury case depends on many factors, including the severity of your injuries.
Not even our experienced personal injury lawyers can anticipate the exact amount of money you will receive, especially before knowing the particulars of your case. We can, however, show you our results thus far and explain the factors that will play a role in your settlement amount.
Factors to Consider in an Arizona Personal Injury Case
The size of your settlement largely depends on your injuries’ severity. There are several other significant factors that the insurance company or court will consider when deciding. Those factors often include the following:
- Severity of injuries
- Medical expenses
- Lost wages
- Insurance policy limits
- Property damage
- Percentage of fault in the accident
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Hiring an Attorney Can Increase Your Settlement Amount
Often, people suffering from personal injuries ask how much their settlement will increase if a lawyer represents their case. They wonder if hiring a personal injury attorney to handle their case will be worth the attorney’s fees. While every case is unique, statistics tell us that the answer is a resounding yes!
A research report released by the Insurance Research Council cites a study entitled “Attorney Involvement in Auto Injury Claims.” This study found that, on average, personal injury victims represented by a lawyer received settlement amounts a whopping three and a half times larger than those who represented themselves.
Recoverable Damages After a Personal Injury
There are two main categories of damages to pursue after you’ve been harmed either intentionally or due to someone’s negligence: economic and non-economic damages. Economic damages are the actual monetary expenses resulting from your injury. Because these costs are financial, they are easy to calculate.
Conversely, non-economic damages are more subjective, so they are not as easy to assign a value to. These damages do not come with bills and include things like pain and suffering and mental anguish.
Your Arizona personal injury lawyer can help assign a monetary value to both kinds of losses so you can pursue a fair settlement for your injuries.
Economic damages are expenses that are easy to put into dollar amounts, like medical bills and vehicle damage. Calculating these types of losses is done by simply adding up the expenses you incurred due to your injuries. Some examples of economic damages sought in a personal injury case include:
- Medical expenses, including future ones
- Physical therapy and rehabilitation costs
- Lost wages
- Loss of future earning potential
- Household services while you are recovering, such as home-cleaning services
- Caregiving expenses
- Property damage
Non-economic damages are difficult to measure since they include things like pain and suffering. A multiplier is used to help quantify non-economic awards. In many cases, the assigned multiplier value will be between 1.5 and 5.
Once all economic damages are calculated, the sum of those damages will be multiplied by the assigned value.
Depending on the circumstances of your case and how your injuries have affected your quality of life, the multiplier may even exceed five. Several factors go into increasing the multiplier, such as the severity of your injuries, the defendant’s level of fault, the length of your medical recovery, and any permanent consequences of your accident. Examples of non-economic losses include:
- Pain and suffering
- Emotional trauma
- Loss of companionship
- Anxiety, depression, and post-traumatic stress
- Loss of enjoyment of life
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Reduction of Compensation in Arizona
If you were partially responsible for your own injuries, your settlement will likely be reduced. In Arizona, a comparative negligence rule is used, which means that an injured party can recover compensation even if they are partially responsible for the incident.
Under comparative negligence, the injured party can be as much as 99% at fault for the accident and still recover some compensation for their injuries.
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Arizona Does Not Place a Cap on Personal Injury Settlements
Arizona does not have a limit on how much compensation you can receive through a personal injury settlement, as Arizona lawmakers ruled damage caps unconstitutional. Fortunately, Arizona is one of only a few states that prohibit caps on recoverable damages.
That said, the state may rule excessive punitive damages that represent more than a 9:1 ratio to compensatory damages as unconstitutional. Also, punitive damages are not allowed in lawsuits against public employees or government entities.
Negotiating for a Fair Settlement
In a nutshell, the average settlement value for a personal injury claim is ultimately determined by the unique circumstances of your case. Arizona law provides you with rights as a victim and does not set an amount for the compensation you can pursue for your injury.
Our team at Zanes Law knows how to protect the interests of our clients. While we cannot guarantee you a specific amount of money, what we can do is negotiate on your behalf to reach a fair settlement. We work on a contingency, which means we do not accept any payment from you until you agree to a settlement.
Contact us today for a free consultation.