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How Much Is a Rear-End Accident Worth?

How Much Is a Rear-End Accident Worth?

Estimating Rear-End Accident Damages: Cost

Odds are the last thing you want to worry about after being rear-ended is the cost of eligible damages. Understanding an estimate of the cost will help you maintain your calm and navigate the aftermath of your accident with confidence. There are a few considerations worth exploring when considering a cost estimate. 

Why Determining Cost Can Get Tricky

We acknowledge that understanding lawsuit filings, damages, and other law-related materials can be complex and a daunting task for most folks. We aim to make this process as simple and digestible as possible by covering the various complexities in this process. 

Determining the cost of a rear-end collision can be tricky, because each settlement will be unique to the specific situation. For example, if you experience a minor rear-end collision with little to no defect to your automobile and no serious or life-threatening injuries, damages may only cost a few hundred dollars.

In contrast, if the accident has caused serious injuries, and nearly totaled the automobile, you can expect an even higher payout amount. Settlements are typically paid out by the perpetrator’s insurance, or, if you choose to file a personal injury lawsuit the perpetrator. You have options for how you would like to proceed, and you are not required to accept the perpetrator’s insurance settlement.

Although determining the cost of damages can vary, it doesn’t have to be difficult. Big Auto Accident Attorneys are prepared to help collect all the necessary information from your accident to provide a clearer picture of what the cost of damages will be. 

The Thing About Insurance

For insured victims of rear-end collisions, your insurance company may offer various collision and accident coverage at varying prices. Your insurance may offer various deductibles as low as $500 to as high as a few thousand. The number will depend on what you choose when you sign up for insurance.

However, it is the perpetrator’s insurance that would cover any damages you experienced from the accident. If you are the victim of a collision, the settlement amounts offered by insurance companies will vary, depending on the severity of the accident.

You’ll quickly notice how fast-acting the perpetrator’s insurance company is in providing you a settlement offer. They will quickly step in with settlement offers to help cover the damage and cost of the accident. However, you are not required to accept the settlement amount. 

The reason most victims wait to see their options before accepting a settlement from an insurance company is because there’s a possibility you may receive a lower offer than what you are eligible for. This will depend on the various damages you’ve experienced, but generally, filing a personal injury lawsuit can potentially earn you a higher settlement. 

Big Auto Accident Attorneys can help determine the total amount of settlement you may be entitled to. Our team goes the extra mile to ensure you are receiving the most fair and just settlement. 

What Damages May I be Eligible For?

Determining the eligible damages of your accident will help you better understand the potential cost of your settlement. Of course, damage to your vehicle is one of the first areas to consider potential damages. However, medical and injuries are equally as important, considering the larger associated cost with medical bills.

Typically, health insurance isn’t enough to cover the burdening amount of medical bills that compile when you receive medical treatment for car-related injuries. Additionally, some auto insurance companies offer hospital coverage for collisions but the coverage is typically low and associated with an even higher deductible.

Of the various types of damages suffered from your accident, the following are some of the most common:

Many victims of rear-end auto collision accidents are surprised to learn the many eligible damages covered in a settlement. When you contact Big Auto Accident Attorneys for support, we can walk you through eligible damages and identify gaps and opportunities for maximizing your settlement.

Eligible Medical Injuries

As medical is one of the largest areas of damages caused by rear-end collisions, there is a lengthy list of conditions that many have earned settlements from. Some of these can range from minor to severe. Of the severe, life-long eligible injuries, some of the most common include:

However, you don’t need to experience serious injuries to receive a settlement. In fact, studies have shown many mild cases of whiplash can evolve into long-term cognitive and neurological issues. Other associated medical fees that may be eligible include:

In the devastating event of the death of a loved one, you may also be eligible for additional compensation regarding hospital bills, associated funeral and burial costs, as well as a loss of income.

Maximize Your Rear-End Accident Settlement With Big Auto

To fully maximize your rear-end accident settlement and ensure you receive the just amount earned, contact a local attorney group. At Big Auto Accident Attorneys, our attorneys work together to maximize your settlement by gathering evidence of liability, reaching out to insurance companies so you don’t have to, and overall making the process navigable in a trying time.

We recognize and understand the emotional turmoil experienced when in a rear-end collision. These particular types of accidents can have devastating effects on your physical, emotional, and mental health. Our associates aim to lessen the burden by navigating the difficult and complex parts for you, so you are a step closer to healing with a settlement to reflect the various degrees of damage. 

Additionally, we find areas and gaps you may have missed to ensure you receive the maximum benefit. We don’t expect you to understand the lengthy list of damages you may be eligible for. Although based in Arizona, we are a national team that is ready and equipped to represent you regardless of your location. 

One Last Thing To Consider

Rear-end collisions are high-stress, and navigating the complexities caused by an accident can be draining. It’s easy to lose track of every task necessary to move forward in the process. If there’s one key takeaway to take from this resource, it’s to know the statute of limitation for filing a personal injury lawsuit. 

Big Auto Attorneys is based in Arizona but can assist residents nationally. For Arizona residents, the statute of limitation is two years. This means that you have two years to file a personal injury lawsuit, and any time after the two years will be considered ineligible. 

It’s important to note that delays are also possible, so reaching out for representation earlier is better than later. If you are a resident of a state that’s not Arizona, in general, 2-3 years tends to be the standard amount of time for state statute of limitations. If you need help determining the statute of limitation for your state, please contact Big Auto Accident Attorneys today.

Let the car accident lawyers at Big Auto do what we do best by helping you recover any losses due to a rear-end collision. We are happy to schedule a free case review today!