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Personal Injury Settlement Payment Calculator

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If you’re negotiating a settlement for a car accident, motorcycle accident, slip and fall or any other kind of personal injury claim, you’ll need to come up with a dollar amount you’d be willing to accept in order to settle your case. Most insurance companies and injury attorneys rely on specific formulas to get a starting point for settlement talks. This is true for any injury claim caused by another negligent party – whether it be a car accident case, a slip and fall injury, motorcycle accident injury or any other personal injury occurrence.

A common formula uses a multiplier (explained in detail below) in combination with your medical expenses to determine an estimate of non-economic damages (money to compensate you for your pain and suffering). By adding this figure to your direct economic losses (medical bills, lost income and property damage) will give you a starting point for negotiations for your settlement.

Personal Injury Settlement Payment Calculator Personal Injury Settlement Payment Calculator caution legal advice 16 clear1This is not legal advice and we’re not your lawyer. The calculation here is for instructional purposes only. Talk to an attorney for a financial and legal analysis of your case.

Economic Damages

1. Medical Expenses ($)Enter the total of your medical bills, even if you didn’t pay out of pocket. If you didn’t seek medical treatment but still suffer pain, see the daily rate method (opens in a new window).
2. Property Damage ($)(This field is commonly used for automotive damage in a car accident case. You’ll leave this at zero for most other types of cases.)
3. Lost Earnings ($)(If you missed work because of your injuries, input the sum of your lost income here. If you used available time-off benefits — like PTO — enter dollar value lost as if it were unpaid.)
4. Future Lost Income(If you’ll be missing more work due to ongoing treatment, or an inability to continue working at your current job while you recover, enter an estimate of those lose earnings here.)
5. Estimated Future Medical Expenses(If you will require ongoing medical treatment for your injuries, enter an estimate of the cost of that treatment.)

General Damages (Pain and Suffering) Multiplier

Multiplier for General DamagesThe multiplier is used to estimate your general damages — your “pain and suffering”. The more serious, long-lasting and painful the injuries, the higher the multiplier. Scroll down to the multiplier below the calculator for tips on choosing a reasonable multiplier.

(Between 1.5 and 5)

Settlement Value Estimates

Economic DamagesThis is the sum of your “special” damages, or economic losses.
Non-Economic Damages (Pain and Suffering)This is a payment for your general (pain and suffering) damages, based on the multiplier you’ve chosen. We also include a $1,000 “nuisance” value.

Your Target Settlement

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H = ((a+e) * f)+1000;
I = G + H;
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