Oklahoma Personal Injury Settlement Amount Examples (2024)

In Oklahoma, car accidents are a very common cause of personal injuries. Throughout the past years, there have been almost 200 accidents per day in our state. This is undoubtedly frightening, and we sincerely hope you never find yourself in that number. However, in the unfortunate event that you do, hiring an Oklahoma personal injury lawyer is a crucial step in order to receive compensation for any injuries or proper damages sustained as a result of the car accident.

Car accidents are not only emotionally, physically, and mentally draining but financially taxing as well. When you get into a car accident, it is easy to immediately recognize the great deal of financial suffering that has just occurred. Repairs, rental cars, and replacement vehicles can be extremely expensive. Additionally, other expensive damages like medical bills or lost wages can begin to pile up after an accident as well.

Your attorney will take a lot of other factors into consideration when determining a proper settlement based on your specific scenario. One of these factors is the extent of injuries that occurred.

Types of Damages in a Settlement

The settlement amount your attorney pursues is dependent upon your specific scenario. All of the varying factors fall into one of two categories: economic damages and non-economic damages.

Economic damages are usually the more obvious of the two. This category includes the total amount associated with all injuries and damages to your accident. This can include:

  • Vehicle Damage
  • Property Damage
  • Medical Expenses, such as medications, doctor visits, or hospital bills
  • Physical Therapy
  • Lost Wages
  • Future Lost Wages due to the inability to work
  • Home or Vehicle Modifications made in order to accommodate injuries or future disabilities, etc.

Non-economic damages are more commonly referred to as “pain and suffering.” This category includes the “invisible” damage done as a result of the accident and injuries sustained. This can include compensation for:

  • Emotional Suffering
  • Mental Trauma
  • Psychological Injuries
  • Suffering due to extended recovery time, etc.

The degree to which the accident has impacted your quality of life moving forward plays a major role in your settlement amount. An accident can impact your life and the lives of your loved ones forever. An attorney will make sure factors like these and more are considered and included in your claim.

Extent of Injury

A national system called the KABCO scale is used by police officers to notate and report the severity of any injuries at the scene of the accident. Each letter in KABCO is a code that correlates to a different set of injuries. Settlement amounts depend on these classifications. In Oklahoma, the categories are as follows:

  • Fatal Injury = Death within 30 days of the date of the collision.
  • Incapacitating Injury = A nonfatal injury that prevents the injured person from walking, driving, or continuing with normal activities.
  • Non-Incapacitating Injury = A nonfatal injury, a non-incapacitating injury that is obvious at the scene of the crime.
  • Possible Injury = An injury reported or claimed that does not fall into the above categories.
  • No injuries
  • Unknown injuries

Settlement Amount Examples

222 Injury Lawyers has fought for clients in the state of Oklahoma for nearly 30 years. We’ve recovered over 80M for our various clients, including personal injury claims such as:

  • 6,500,000 recovered for the family of a father who lost his life due to a careless motorist
  • 3,500,000 recovered for the family of a son who lost his life due to a careless semi-driver

Our experienced team has handled claims like these time and time again, so we understand how tough the process (and recovery) can be. We’ll make sure you are well protected against aggressive insurance companies and receive payment for the at-fault party’s negligence.

FAQs

Q: How Do You Calculate Emotional Pain and Suffering?

A: The monetary amount for emotional pain and suffering depends on the total economic damage incurred. Economic damage refers to a total your attorney calculates by adding up the cost of your medical bills, property damage, wage loss, and any other out-of-pocket expenses you had to pay as a result of the accident.

Your pain and suffering compensation is called non-economic damage. Non-economic damage is calculated by multiplying the economic damage by a varying percentage dependent upon the severity of the accident or injuries sustained. This percentage can range anywhere from 5% to 500%.

The actual emotional pain and settlement amount you’re awarded are decided during the negotiation process between your attorney and the opposing party’s insurance company.

Q: What Is the Usual Result of a Settlement?

A: A settlement usually results in a payment made by the at-fault party’s insurance company. This can occur immediately or after a period of intense negotiations. The amount of time it takes to reach a settlement will vary based on the severity of the accident and/or the parties involved. The settlement amount varies but usually includes all legal fees owed to the attorney.

Q: What Is a Reasonable Settlement Figure?

A: Settlement figures vary depending upon the severity of the accident and injuries and/or property damage sustained. Average payouts range anywhere from $6K for minor injuries to $1M for severe injuries. In Oklahoma, the average settlement for moderate injuries is around $40K. Injuries, property damage, lost wages, pain and suffering, and medical bills are all factors in what is considered a reasonable settlement figure.

Q: How Is the Settlement Amount Calculated?

A: Your attorney will determine the total amount you are owed by calculating the cost of your medical bills, property damage, wage loss, and any other expenses incurred as a result of the accident. All of these factors make up your “economic damage.” The monetary amount for “pain and suffering” is calculated by multiplying the economic damage by a varying percentage dependent upon the severity of the accident or injuries sustained.

The economic damage plus non-economic damage total agreed upon during the negotiation process equates to your settlement amount.

Personal injury settlement amounts in Oklahoma vary by case. Consulting with a personal injury attorney is crucial for determining the next course of action and accurately understanding your potential settlement.

Contact 222 Injury Lawyers

Our dedicated, trusted, and compassionate legal team at 222 Injury Lawyers can help you get the settlement you deserve. To discuss your case with one of our personal injury attorneys in Oklahoma, use our contact form today.

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222 Injury Lawyers, PLLC
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Oklahoma City, OK 73112

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