When it comes to car accident settlements in Greenwood Village, the average amounts can vary significantly based on the specifics of each case. However, understanding the general figures can provide some insight into what victims might expect.
Economic Damages: The core of most settlements is based on economic damages, including medical expenses, lost wages, and property damage. The average settlement in Colorado is typically around 1.5 times the economic damages incurred by the victim. For instance, if you have $20,000 in economic damages, the expected settlement might be approximately $30,000​.
Non-Economic Damages: These cover pain and suffering, emotional distress, and loss of enjoyment of life. Colorado caps non-economic damages at $642,180 for most personal injury cases, which can increase to $1,284,370 in cases involving clear and convincing evidence of severe impacts.
Overall Average: Combining these factors, the average car accident settlement in Colorado ranges from $20,000 to $40,000 for cases involving moderate injuries. Severe injury cases can result in settlements significantly higher, often reaching into the hundreds of thousands of dollars​.