Personal Injury Settlement Calculator

Trying to calculate a fair settlement amount for a personal injury claim is not as straight forward as you might think. Determining economic damages is fairly straightforward, but estimating non-economic damages, like pain and suffering, is much more difficult. (See more with how to respond to the first personal injury settlement offer).

To give you some ballpark figure, use the calculator below. Keep in mind, this is no substitute for qualified legal advice in personal injury litigation. Always consult with a personal injury lawyer if you are dealing with a personal injury claim, or considering bringing one.

This calculator is for informational purposes only, and you should assume it is not 100% accurate for your case.

 

Personal Injury Claim Calculator




 

Economic Damages vs. Non-Economic Damages

Economic damages are straight-forward to calculate. These are the economic expenses incurred by the injury victim, such as lost income, medical expenses and other direct costs. Non-economic damages on the other hand, are much more difficult to determine, and vary greatly depending on the case, cause of the injury, extent of injuries to the victim and the impact of the injuries on the victims lifestyle.

Calculating Non-Economic Damages

Most commonly, non-economic damages come in the form of compensation for pain and suffering. This amount is normally calculated by taking the total of the economic damages, and then applying a multiplier, usually between 1.5 times and 5 times the economic damages. As an example, if a personal injury victim incurred $5,000 in medical costs and $5,000 in lost income, total economic damages would be $10,000. In this case, compensation for pain and suffering would be anywhere from an additional $15,000 to $50,000, or even more in severe injury cases.

How to Get Money for Pain and Suffering

Negotiating compensation for pain and suffering is very difficult, because the amount of money involved is often so large that insurance companies will fight tooth and nail against it. Having an experienced lawyer capable of building a strong personal injury case is important. You will need to have your case represented by a personal injury lawyer that will be willing to take your case to trial in order to force the defending party to pay up.

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