How Much to Expect From a Car Accident Settlement in Louisiana?

For those injured in a car accident, you’re probably wondering how much to expect from a car accident settlement in Louisiana. The truth is, every case is different, and the value of your claim depends on many factors. At the Cox Law Firm, we understand that the process can be overwhelming, and while it’s natural to focus on numbers, the more pressing concern is making sure you get every cent you’re owed.

About Us

At the Cox Law Firm, we’ve spent over 50 years proving that corporations can be held accountable. Founded in 1969, our firm has become a national force in class action litigation, securing hundreds of millions of dollars for clients across the country. With an award-winning team and a history of relentless advocacy, we remain dedicated to delivering justice for everyday people.

Factors That Affect Your Settlement

In 2023, over 2 million people were injured in vehicle accidents across the United States, and the average liability payout was only $26,000, even though the average damage of a non-lethal accident costs around $162,000.

Understanding what affects a car accident claim is important if you want to secure fair compensation. That’s because settlements aren’t determined just by the visible damage to your vehicle, but by other factors. Because of this, no two cases are alike, which means every case and settlement is different. Some factors that can influence your possible settlement amount include:

• The severity of your injuries. Compensation depends heavily on whether your injuries are minor, severe, or permanent. Long-term or permanent injuries often require extensive medical documentation.
• Lost wages and future earnings. If your accident prevents you from working either temporarily or permanently, this must be factored into your claim.
• Property damage. The cost to repair or replace your vehicle is part of your settlement, but insurers could undervalue these damages unless they’re challenged.
• Comparative fault. Louisiana follows a comparative fault system, meaning your compensation can be reduced if you’re found to be partially responsible for the accident.

By working with a Louisiana car accident attorney, you can make sure all damages are properly accounted for, your documentation is complete, and that your claim fully complies with Louisiana car accident laws to give you the strongest possible chance for a fair and just outcome.

Common Mistakes That Reduce Settlement Value

Many car accident victims unintentionally reduce the value of their claim by making simple but costly mistakes. Understanding these common pitfalls is essential. A Louisiana car accident attorney can help you avoid these errors and make sure insurance companies don’t take advantage of your lack of experience. Some common mistakes include:

• Settling too quickly without consulting a lawyer
• Providing recorded statements to insurance adjusters without guidance
• Failing to document all medical treatment and expenses
• Underestimating the long-term effects of any injuries you suffered

Even small missteps can significantly affect your car accident claim. By working with a Louisiana car accident attorney, you can confidently navigate these challenges, ensure full compliance with Louisiana car accident laws, and maximize your settlement, which gives you both peace of mind and the compensation you truly deserve.

Why You Need to Hire a Car Accident Lawyer

Handling a car accident claim on your own is a risk you shouldn’t be willing to take. Insurance adjusters are experienced negotiators who can trip you into admitting partial blame or take your words out of context to minimize your payout.

Hiring a Louisiana car accident attorney ensures your rights are protected and that your claim is managed correctly from start to finish. Some key reasons to hire a car accident lawyer include:

• Attorneys understand state-specific rules for liability, damages, and deadlines that can greatly affect your claim
• A lawyer can make sure all medical bills, lost wages, property damage, and pain and suffering are fully accounted for
• Lawyers handle communications with insurers, protecting you from lowball offers and preventing you from making statements that could undermine your claim
• If a fair settlement isn’t possible, your attorney can take your case to court and represent you
• While your lawyer manages paperwork, evidence, and strategy, you can focus on recovering from your injuries

Choosing to hire a car accident lawyer isn’t just about increasing your chances of a higher settlement; it’s about securing a dedicated advocate who can protect your rights, navigate Louisiana car accident laws, and make sure your car accident claim fully reflects the true impact of your damages.

FAQs

How Long Does It Take to Settle a Car Accident Claim in Louisiana?

Settlement timelines can vary depending on how complicated your accident was, how serious your injuries are, and the willingness of insurance companies to negotiate. Some claims can be resolved quickly, while others could take longer. A Louisiana car accident attorney can provide guidance on realistic timelines and work to expedite your case.

How Long Do I Have to File a Car Accident Claim in Louisiana?

The length of time you have to file a car accident claim in Louisiana is dictated by the personal injury statute of limitations. This means you have two years from the date of the accident to file a claim. If you miss the deadline, then you forfeit your right to pursue compensation.

What Happens if the Other Driver Doesn’t Have Insurance?

If the other driver doesn’t have insurance, you can seek damages through your own uninsured/underinsured motorist coverage. Navigating this process can be complicated, especially if the insurer disputes liability or damages. If you don’t have this coverage, a Louisiana car accident attorney can help you pursue other paths of compensation, like filing a civil claim directly against the other driver.

Can I Pursue Compensation if I Was Partially at Fault?

Yes, you can pursue compensation if you were partially at fault. Louisiana adheres to a comparative fault system, meaning you are assigned a percentage of fault for the accident. Your compensation may be reduced by that percentage. An attorney can help work to minimize the percentage of your fault in order to maximize your recovery.

Fight for Full Compensation With the Cox Law Firm

At the Cox Law Firm, our Louisiana car accident attorneys are committed to advocating for every client, no matter how complicated the case. Don’t settle for less than what you’re owed. Contact our team today to schedule a consultation.