Personal Injury Settlement Calculator
Should I Hire a Personal Injury Lawyer
If you have been injured, calling a personal injury lawyer – even if you do not end up hiring one – is almost always going to put you on a better path forward.
We provided this settlement calculator because it is our ultimate belief – that both our clients and others who are injured due to someone else’s fault – deserve a healing process that provides proper closure. This tool can be used to help aid and inform your decision of whether to settle a case on your own or to hire an attorney. Based on the numbers you provide, it will calculate the settlement amount you would need to achieve with an attorney and compare it to the amount of settlement you are currently being offered (or hope to achieve by settling on your own). While there are a number of factors that go into a decision of hiring an attorney and is not just about the money, this settlement calculator looks only at the numbers and allows you to run them on your own.
Pro Tip: Sometimes when individuals are trying to settle motor vehicle cases on their own, the insurance companies will not make it clear that their offer is inclusive of the medical bills paid by your car insurance (called Personal Injury Protection or “PIP”). If you are negotiating on your own, be sure to find out what is included in the amounts being offered. If you want to negotiate separately from what has been paid by PIP, make sure the offers are “Plus PIP” or “Exclusive of PIP.” If you have questions about this or how health insurance factors in, please feel free to give us a call.
Please remember that most personal injury lawyers field calls for free and offer free consultations, so don’t hesitate to contact a personal injury lawyer if you have any questions.
HANDLING ON YOUR OWN VS HIRING AN ATTORNEY
This tool can be used to help you in your decision of whether to settle a case on your own or to hire an attorney. Based on the numbers you provide, it will calculate the settlement amount you would have to achieve with an attorney compared to the settlement amount you are being offered or hope to achieve.
Step 1. Total Settlement Offer ($)
What is the total settlement amount (the amount offered or the amount you hope to get in settlement)?
Step 2. Attorney Fees Percentage
Attorney fee percentage if case settles (standard is 33%)
Step 3. Costs
Current costs to date. (This is likely $0 if you haven't spent money on the case - excluding medical bills.)
Estimated additional costs with attorney (this includes ordering medical records, the police report, filing fees with the court, expert fees. It can be anywhere from $100 to thousands of dollars at trial. While there are exceptions, most cases will have costs less than $500 if it settles before filing suit. If you are unsure, you may want to leave it blank for now.)
Step 4. PIP (Personal Injury Protection)
Does PIP (medical paid by your auto insurance) need to be paid back out of settlement or is it included in the settlement amount? If so, list amount (otherwise leave as $0)
Step 5. Health Insurance
Does health insurance need to be paid back? If so, list amount (otherwise leave as $0)
Step 6. Other Costs
Are there any additional costs to date that need to come out of settlement (other liens, loans)?