Using a personal injury calculator can help you figure out how much your car accident claims are worth. Here are the top 5 questions people ask about calculating the value of their auto insurance settlement.
1. How Does the Personal Injury Calculator Determine my Car Accident Claim?
The most basic formula that is known to be used for car accident injury claims is:
Pain Multiplier X Medical Expenses Loss of Income
The “pain multiplier” is a number typically between 1.5 and 5. This multiplier number is chosen based on the severity of your car accident injuries; the more serious your injuries, the larger the multiplier.
For example, a minor injury like a sprained neck is more likely to get a low multiplier (1.5-3). While a more serious and painful injury, like a broken leg, would get a higher multiplier (3-5). The multiplier range may even go to higher figures (10) for more severe and long term injuries.
There is an excellent Car Accident Settlement Calculator on AfterCarAccident.net