Question 1

How is a car accident settlement calculated in Colorado?

Accepted Answer

Colorado car accident settlements are calculated by adding economic damages (medical bills, lost wages, property damage) and non-economic damages (pain and suffering). A pain and suffering multiplier is applied to economic damages, typically between 1.5x and 5x depending on injury severity. Colorado's modified comparative fault rule reduces your recovery by your percentage of fault.

Question 2

What is Colorado's comparative fault rule?

Accepted Answer

Colorado follows a modified comparative fault system under CRS 13-21-111. You can recover damages only if you are less than 50% at fault. Your compensation is reduced by your percentage of fault. For example, if you are 20% at fault and damages total $100,000, you would receive $80,000.

Question 3

How long do I have to file a car accident claim in Colorado?

Accepted Answer

Colorado has a 3-year statute of limitations for personal injury claims (CRS 13-80-101). For property damage claims, you have 3 years as well. For wrongful death, the deadline is 2 years from the date of death. It is strongly recommended to consult an attorney well before these deadlines.

Question 4

What is the pain and suffering multiplier?

Accepted Answer

The pain and suffering multiplier is a method used to estimate non-economic damages. Your total economic damages (medical bills, lost wages) are multiplied by a factor between 1.5 and 5, depending on injury severity, recovery time, and impact on daily life. More severe and long-lasting injuries warrant higher multipliers.

Question 5

Does Colorado have a cap on accident settlement damages?

Accepted Answer

Colorado caps non-economic damages (pain and suffering) at $729,790 for most personal injury cases as of 2024, adjusted annually for inflation. However, this cap can be exceeded if the court finds clear and convincing evidence justifying a higher amount, up to $1,459,580. There is no cap on economic damages.

Question 6

What if the other driver was uninsured in Colorado?

Accepted Answer

Colorado requires drivers to carry uninsured/underinsured motorist (UM/UIM) coverage. If the other driver is uninsured, you can file a claim under your own UM coverage. Colorado minimum UM coverage is $25,000 per person and $50,000 per accident. You may also pursue a personal lawsuit against the at-fault driver.

Question 7

How accurate is this settlement calculator?

Accepted Answer

This calculator provides a rough estimate based on general settlement formulas. Actual settlements vary significantly based on specific case details, the insurance companies involved, attorney representation, and whether the case goes to trial. Every case is unique, and this tool is for educational purposes only. Consult a qualified attorney for case-specific advice.

Question 8

Should I accept the insurance company's first settlement offer?

Accepted Answer

Insurance companies typically offer low initial settlements, often before you understand the full extent of your injuries. It is generally advisable to consult with a personal injury attorney before accepting any offer. An attorney can evaluate whether the offer is fair and negotiate on your behalf. Most personal injury attorneys work on contingency, meaning you pay nothing unless they win.

Colorado Car Accident
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Colorado Car Accident Settlement Calculator

What injuries were sustained?

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Latest Crash Stories

Colorado Car Accident
Settlement Calculator