How To Negotiate: Auto Accident Injury Settlement

It is not uncommon for people to get into car accidents. And, unfortunately, insurance companies are not always quick to hand over a fair settlement. In fact, insurance companies are notorious for low-balling accident victims.

If you’ve been in a car accident and you’ve sustained injuries, it’s important to get seen and treated right away; even if you don’t think the injuries are serious.

Once you’ve been treated, then it’s time to start negotiating with the car insurance company. Here are some tips on how to negotiate a fair settlement after an auto accident.

Get an Estimate of the Damages

car accident claim law firm

The first thing you need to do is get an estimate of the damage to your vehicle. This will give you a good starting point for negotiation. You can either get this estimate from a repair shop or, if the damage is not too extensive, you can do it yourself.

It’s important to be as accurate as possible when getting this estimate because insurance companies will often try to low-ball you. If you have a realistic idea of the damage, you’ll be in a better position to negotiate.

Don’t Forget About Medical Bills

insurance claim minimal settlement figure in personal injury law

Another important thing to factor in is any medical bills you may have incurred as a result of the accident. Whether they’re emergency room visits or appointments with chiropractors, these can add up quickly, so it’s important to get an estimate of what they’ll be before you start negotiating with the insurance company.

Again, insurance companies will often try to give you an unfair deal, so it’s important to be as accurate as possible. If you have all of your documentation in order, it will be much easier to get the insurance company to agree to a fair settlement.

Get an Attorney

personal injury lawyer, insurance adjuster

If you’re having trouble getting a fair settlement from the insurance company, it may be time to get an attorney involved. Attorneys who specialize in car accident cases will know how to deal with insurance companies and get you the best possible settlement. Often, insurance companies will be more likely to give you a fair deal if they know a car accident attorney is involved.

Keep Track of Your Expenses

Make sure to keep track of all of your expenses related to the accident, including medical bills, car repairs and lost wages. This will help you to get a fair settlement from the insurance company.

Be Prepared to Negotiate

If you have an attorney on your side for the negotiation process, this isn’t something you need to worry about. In fact, what an attorney can get you out of this deal will more than make up for the cost of the attorney itself.

However, if you’re going to be negotiating on your own, it’s important that you know what you’re doing. Insurance companies take advantage of most people’s limited understanding of the law. They’ll offer a quick settlement, before you have had time to fully assess the damages. They may also try to get you to sign away your right to sue at a later date.

It’s important that you understand your rights, and what you’re entitled to under the law. Once you have a clear understanding of this, you can begin to negotiate with insurance companies from a position of strength.

Ask for More Than You Expect

attorney client relationship demand letter for final settlement

When you’re negotiating with insurance companies, it’s important to start high. The insurance company will almost always low-ball you on their first offer. If you start high, you’ll have room to negotiate down to a fair settlement.

For example, let’s say that you were in a car accident that caused $5,000 in property damage and resulted in $2,000 in medical bills. The insurance company might give you an initial offer of $3,000 to settle the personal injury claim.

If you counter with a demand for $6,000, the insurance company will likely come back with a new offer of $4,500. Now you’re in a better position to negotiate because you’ve started at a higher number.

It’s also important to be realistic in your expectations. If you were in a car accident that caused $5,000 in property damage and resulted in $2,000 in medical bills, it’s unlikely that you’ll be able to negotiate a settlement for more than $5,000. The insurance company will likely take into account the severity of the accident when making an initial offer.

It’s important to remember that you don’t have to accept the insurance company’s first offer. By being prepared and knowing what you should expect, you’ll be in a better position to negotiate a fair settlement.

And remember—if in doubt, hire an attorney! He or she will be able to help you navigate the insurance claims process and get the best possible car accident settlement.