Average New York Accident Claim
What is the difference between a New York accident lawyer and a Maryland accident lawyer? The answer: day and night. A new Jury Verdict Research report found that the average personal injury verdict in New York is $2,932,602. The median award is $300.000. Putting this is context, the median personal injury accident verdict in Maryland is approximately $13,000 (as little as $11,000 for car, truck and motorcycle accident cases).
Putting this in context, a New York accident case is not worth more than 15 times the value of the same car accident in Maryland. Under New York’s threshold rule, cases that do not involve permanent injuries often do not make it to the courthouse steps. (See John Hochfelder blog post). This leads to less personal injury lawsuits in New York for smaller accident cases – of which there are many in Maryland that do go to trial – which increases the overall award in New York because whiplash type cases are not figured into the math.
But, even with that caveat, the difference in the verdict is still striking.
- Average Settlement in New York Personal Injury Cases (older data summarizing value of New York personal injury cases)
- How the Value of Personal Injury Claims Is Calculated? (how lawyers, insurance companies and, ultimately, juries determine value)
- Is There a Formula to Computer Value of Personal Injury Claims? (more on settlement value of claims)
- How to Maximize the Value of Your Case (thoughts on getting the most of of your personal injury claim)