Car accidents are terrible experiences that can lead to significant financial burdens. If the other driver was at fault and their insurance doesn’t cover it, North Carolina law allows you to pursue a personal injury lawsuit.  When someone is considering this route, one of their first questions is, "What is the average car accident settlement in North Carolina?"  

So today, we will answer that question along with legal options for those who have been in a car accident.

What Is The Average Car Accident Settlement in North Carolina: The Numbers

There is no true average car accident settlement—every accident is different. Damages are tied to factors like financial losses, physical injury, and emotional trauma. While the average settlement is around $20,000, most are much lower, and some are many times higher. Understanding the factors at play is necessary to get a good idea of what you could stand to make.  

What Factors Affect Car Accident Settlements in NC?

Several factors play a role in car accident settlements, including:

  • Liability and fault
  • Economic damages
  • Non-economic damages
  • Insurance policy limits
  • Negotiation skills and legal representation

Understanding 'What is the average car accident settlement in North Carolina?' and the nuances of car accident settlements are crucial for achieving a fair resolution. The factors listed above collectively influence the outcome, each adding a layer of complexity to the settlement process. As we delve into the specifics of each factor, it becomes clear how they interplay to shape the final agreement. Knowing these elements is essential for anyone involved in a car accident, as they provide the foundation for negotiating a settlement that accurately reflects the impact of the accident. Below, we will take a closer look at each of these factors, exploring how they contribute to determining a settlement's value.

Liability and Fault

One of the first steps in a car accident claim is determining who is at fault. This involves collecting evidence such as witness statements, police reports, and accident photos. Even if the other person was primarily at fault, North Carolina applies the concept of "Contributory negligence." This means that if you’re even slightly at fault, you may be unable to recover damages.

Economic Damages

Severe injuries typically lead to higher medical expenses and longer recovery times. These financial damages are a major item in any settlement and will often increase the settlement amount. Hospital bills and property damage are obvious economic damages, but not the only type. Lost wages, rehabilitation costs, and therapy to overcome accident-related trauma can also factor in. 

Non-Economic Damages

Non-economic damages cover a broad umbrella of intangible losses. Pain, suffering, emotional distress, and loss of enjoyment of life all fall under this umbrella. Loss of enjoyment can refer to any accident-related loss in quality of life, such as the inability to enjoy hobbies while recovering or damage to relationships.

Insurance Policy Limits

Insurance policy limits play a significant role in the size of the average car accident settlement. In North Carolina, the minimum liability coverage is $30,000 per person and $60,000 per accident. If the damages exceed these limits, insurance will not cover them unless the at-fault party has additional coverage.

Negotiation Skills and Legal Representation

Having a skilled attorney can significantly impact your settlement. Lawyers use their expertise to negotiate with insurance companies, counter low-ball offers, and ensure you receive fair compensation. They also prepare to take your case to trial if necessary, which can pressure the insurance company into offering a more reasonable settlement.

What is the Average Car Accident Settlement Amount in North Carolina and the Timeline?  

Car accident settlement amounts in North Carolina vary too widely to cite a single average settlement. For instance, a minor accident with no severe injury may settle for a few thousand dollars. On the other hand, serious or fatal accidents can result in settlements of more than $100,000. 

 An image of a gavel sitting on a desk in front of two cars that have just been in a car accident.

Settling a car accident claim can take anywhere from a few months to several years. If the case is highly complex or the other party is unwilling to compromise, that can significantly drag out the process. This is especially true because of North Carolina’s law on contributory negligence. If you bear any fault for the accident, the courts will reach a determination of shared guilt. This prohibits you from obtaining any compensation from the other driver. 

Get the Compensation You Deserve with Irons and Irons

Skilled, experienced legal representation is crucial in determining the outcome of your car accident settlement. At Irons and Irons, we understand the complexities of personal injury law in North Carolina, including how to navigate cases under the state's contributory negligence rules. Our firm has successfully represented numerous clients, securing the compensation they rightfully deserved. If you're wondering, "What is the average car accident settlement in North Carolina?" and need help after a car accident that was not your fault, contact Irons and Irons today at (252) 215-3000 for a free consultation.

Gib Irons

Gib Irons is the managing partner at Irons & Irons P.A., a law firm in Greenville, NC specializing in divorce, family law, and personal injury litigation. Irons focuses on maintaining a select client roster to ensure personalized attention and exceptional service. His goal is to manage cases efficiently while reducing the stress that often accompanies legal disputes. A local graduate of J. H. Rose High School, Irons went on to earn his BA from Pepperdine University and his JD from Cumberland School of Law at Samford University. He has been practicing law in North Carolina since 2006, offering client-based service, particularly to high-net-worth individuals aiming for prompt and favorable case resolutions.