Using a personal injury calculator helps you work out how much your auto accident claims are really worth. Here are the top 5 questions people ask about assessing the exact value of their car insurance settlement.

1. How Can the Personal Injury Calculator Figure out my Auto Accident Claim?

The standard formula that is well known to be administered for auto accident injury claims is:

Pain Multiplier X Medical Bills + Loss of Wages

The "pain multiplier" is a number commonly between 1.5 and 5. This multiplier number is chosen depending on the extent of your auto accident injuries; the more major your injuries, the higher the multiplier.

For instance, a minor injury like a sprained neck is more inclined to get a small multiplier (1.5-3). While a far more severe and excruciating injury, like a broken leg, would get the greater multiplier (3-5). The multiplier number might even go to higher numbers (10) for much more serious and permanent injuries.

The very next step that is involved in the claims formula is your medical expenses, also called "special damages." These bills include the price of your medical treatments, visits to the hospital, ambulance ride, X-Rays, pain supplement etc.

The last thing that is included in your insurance settlement is your loss of income. This refers to the total amount of take-home pay you missed because of your injuries. For example, if you're injuries caused you to stay at home from work, then your lost total wages would equal your daily pay rate times the amount of work days you had missed.

2. When Should You Use a Personal Injury Calculator?

The most useful time to use the personal injury calculator is at the end of your medical treatment. You should always have your personal injuries thoroughly diagnosed and analyzed before filing an injury claim. This provides you a more accurate estimate of your overall medical expenses that needs to be provided in your final settlement.

3. Who Must Avoid Using the Personal Injury Calculator?

A lot of personal injury claims involve minor injuries that do not need you to immediately hire a high priced lawyer. For these particular claims, you may use the injury calculator to get a basic estimate of what your car accident settlement may be worth.

Nonetheless, there are insurance claims which can't be handled without the help of a competent injury lawyer. Each of these auto accident claims involve serious and long-term injuries like irreversible disabilities, lost or severed hands or legs, painful head injuries etc. If you were significantly hurt, your best course of action is to talk with a lawyer who is familiar with claims related to your particular injuries.

4. How Reliable is the Personal Injury Calculator?

The injury calculator isn't going to give you the exact finalized settlement, but a first estimate of the amount your injuries are really worth to the insurance companies.

Most people would claim that the injury calculator is too simplistic. That it does not deal with the intricacies and subtleties of an individual's personal injury claim. Some people are quick to mention Colossus, an advanced software program used by the insurance companies to examine insurance claims.

Having said that, the main advantage of trying the personal injury calculator is not to tell you what will be your exact settlement amount. The most important advantage is to help you recognize how your specific settlement amount will be calculated. The settlement calculator emphasizes that the range of your final settlement amount will be generally based on:

*The significance of your personal injuries

*Your overall medical expenses.

*Your financial loss

These are going to be the primary elements in your injury settlement no matter which specific software package you use.

5. Should I Use the Accident Injury Calculator?

You will always have the choice of getting a lawyer further down in the claims process. The best advice is to use the settlement calculator to get a quick evaluation of what your car accident claims can be worth.