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What Is the Average Car Accident Settlement Amount in New Mexico?

February 9, 2022
what is the average car accident settlement amount in new mexico

If you sustain injuries from a motor vehicle crash due to someone else’s negligence, you may be entitled to compensation for your losses.

Because every case is different, it is difficult to provide an accurate number of the average car accident settlement amount in New Mexico.

The recovery amount depends on the details of your claim and the extent of your injuries. Still, it is possible to estimate what you can recover by understanding the losses you can seek.

While you should always discuss your case with a skilled New Mexico car accident attorney, an overview of the types of compensation in a car accident settlement should be useful.

For immediate assistance, please call (800) 433-2408 or send us an online message for a free consultation.

Damages in a New Mexico Car Accident Settlement

An accurate car accident settlement amounts average is difficult to predict until after a full assessment of your claim. But, it is clear that your compensation will come down to the legal concept of damages.

There are two types of compensation available in an auto collision case:

Economic Damages

This category of damages refers to ascertainable losses you suffer, many of which may be out-of-pocket.

They include:

  • Medical Costs: You may recover for all expenses related to treating the injuries you sustain in a car accident, such as emergency care, surgery, visits to your own physician, treatment from specialists, and prescriptions for pain medication. Also, it may be possible to recover for physical therapy, rehabilitative care, and chiropractic treatments as well.
  • Lost Wages: If you are unable to work while you recover from your car accident injuries, you can seek damages for your lost wages.
  • Property Damage: Any damage to your vehicle is recoverable as economic damages.

Non-Economic Damages

These types of damages includes losses that are not easy to determine by dollar value but are still worthy of compensation.

They include:

  • Pain and suffering from your injuries;
  • Emotional distress you may endure as you try to cope with a life-changing accident;
  • Losses based upon how your injuries affect your personal relationships, such as with your spouse, children, family members, and other loved ones;
  • Damages related to the diminished quality of life from your injuries; and,
  • Other types of non-economic damages depending on your unique circumstances.

NM Car Crash Settlement Negotiations

Besides assessing your economic and non-economic damages, the average New Mexico car settlement amount is closely tied to the nature of your injuries.

Therefore, you are more likely to recover a higher amount for:

  • Traumatic brain injuries (TBI);
  • Spinal cord and neck injuries;
  • Broken bones;
  • Damage to internal organs;
  • Burns;
  • Lacerations and contusions;
  • Soft tissue injuries;
  • Concussion;
  • Strains and sprains; and,
  • Many other common injuries in car accident cases.

Note that, if you are unable to reach a settlement agreement in an auto collision claim, you may have to file a lawsuit in court. New Mexico’s statute of limitations allows you three years from the date of the accident to sue the responsible party.

Contact an Experienced Lawyer About Car Settlement Amounts in New Mexico

If you would like a better estimate of the car accident settlement average that would apply in your case, please contact our car accident lawyers at Fadduol, Cluff, Hardy & Conaway, P.C.

You can reach our Albuquerque, NM office by calling (800) 433-2408 or by filling out our short form. We can provide a more precise estimate of the value of your claim after conducting a free consultation.

Contact us today.