The average car accident settlement in Oklahoma varies significantly, ranging anywhere from the thousands of dollars to the millions in some cases. The amount you ultimately receive depends entirely on the specific facts of your case, including how serious your injuries are, how much insurance coverage is available, and how clearly fault can be established. The best way to get a realistic estimate of what your case might be worth is to schedule a free consultation with an experienced accident attorney in Tulsa.
That said, understanding the factors that go into calculating a settlement can help you set reasonable expectations. Read on to learn more about what drives the value of a car accident claim in Oklahoma.
What Factors Affect the Value of My Car Accident Settlement?
Several things can influence how much your car accident settlement is worth in Oklahoma. Insurance companies look at all of these when deciding what to offer, and your attorney will consider them when building your case.
Some of the most common factors include:
- The severity of your injuries
- How much your medical treatment has cost so far
- Whether you’ll need ongoing care in the future
- How much income you’ve lost from missing work
- Whether your ability to earn a living has been permanently affected
- The amount of available insurance coverage
- The strength of the evidence showing the other driver was at fault
- The nature of your pain and suffering
Cases involving especially serious injuries, such as a severe traumatic brain injury (TBI), tend to be worth the most. However, even what seems like a minor accident can result in a meaningful settlement if the medical evidence supports it.
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How Oklahoma’s Comparative Negligence Law Can Affect Your Settlement
Oklahoma follows a modified comparative negligence rule under 23 O.S. § 24. Under this law, your settlement can be reduced by your percentage of fault for the accident. If you are found to be 51% or more responsible for the crash, you lose the right to recover compensation entirely.
For example, if your total damages add up to $400,000 but you are assigned 25% of the blame, your recovery would be reduced to $300,000. Insurance adjusters will often try to shift as much fault onto you as possible to bring down the value of your claim. Having a car accident lawyer on your side who knows how to counter these arguments can help you hold on to more of what you’re entitled to under the law.
Contact an Oklahoma Car Accident Lawyer for a Free Consultation
There’s no set average for car accident settlements in Oklahoma because every case has unique facts and circumstances. If you’ve recently been involved in a crash and are considering taking legal action, reach out to Gorospe Law Group today for a free consultation at (918) 582-7775.
We can offer you personalized insight into how much your claim might be worth at that time. We also work on a contingency fee basis, which means you only pay attorney’s fees if we win compensation for you at the conclusion of your case.