You might think the average settlement for a hit-and-run claim is less than a typical car accident because the at-fault driver is unavailable to take accountability. However, this is not always the case. Your case could be worth just as much as a normal car accident claim depending on the circumstances. Instead of filing a lawsuit against the at-fault driver, you may need to file your suit against a third party, such as the city for a dangerous roadway or an auto manufacturer for a defective car part.
If you have uninsured, underinsured, or comprehensive insurance coverage, your own insurer may provide the recovery you seek. No matter how you go about your claim, the amount you recover depends on many different factors. Hiring a lawyer can ensure you do everything in your power to maximize the value of your settlement. The average car accident settlement is between $10,000 and $25,000 depending on the extent of the injuries and damages. Certain cases, however, can range from $50,000 to $100,000 and beyond.
Your hit-and-run accident settlement should cover all your past and future medical bills, property damage repairs, lost wages, pain and suffering, and other crash-relate expenses. If your insurance company offers you a settlement that falls short, do not say yes until speaking to an attorney. Our lawyers can review the facts of your case and give you an accurate estimate as to its value. We can then take over settlement negotiations for higher results. Review our past case results to see the exceptional outcomes we have secured for other crash victims in New Mexico.