What is the Average Settlement of a Truck Accident Case?

by The Roth Firm

Commercial Trucks are substantially larger and heavier than regular motor vehicles, therefore when a truck is involved in an accident with a car, the outcome can devastating. 

Due to the size of the large tractor trailers, most regular size vehicles don't stand a chance when they are hit. Even if the accident occurs at relatively slow speeds, the damages and injuries can still be excessive. 

When it comes to commercial truck accident settlements, they tend to be higher than regular vehicle accidents.

To find out the average settlement of a truck accident, there are a few factors that need to be considered: 

1. Total Cost of Medical Expenses 

 When filing a lawsuit for compensation after a truck accident, one factor that plays a big part in your settlement offer has to do with the total cost of your medical expenses. 

Often times in a truck accident the injuries that are sustained are severe or life-altering.

The higher your medical bills, the longer you had to treat, or if you will need on-going treatment the rest of your life will all play a huge part in determining your settlement amount. 

Just like a car accident, no two truck accidents are the exact same.

That being said there is not an exact price that you can receive for your medical bills, each amount is determined case by case.

However, you can expect that if you followed proper procedure, and you have an attorney, you will be compensated for your medical costs. 

2. Lost Wages 

Due to the fact that truck accidents often cause severe injury, the victims will also miss time at work due to the accident and the injuries that they suffered. Depending on the type of work that you have, it may be impossible to return work until fully healed. 

Your employer will need to present documentation of the normal hours that you worked, the wages associated with your work, and how much time you had to miss due to your injury. 

When seeking compensation your attorney will include your lost wages into the settlement amount.

Here is an informational piece that talks further about calculating wage losses. 

As discussed already, each case will be different because not everyone works the same job or makes the same amount of money.

Depending on the amount of time you missed at work, and the normal average wage that you receive will determine the amount of compensation you can receive for lost wages during the settlement process. 

3. Vehicle Damage 

When a tractor-trailer hits a regular size vehicle, it will often cause that vehicle to become totaled. 

If your vehicle is damaged, the insurance company will pay the cost of the repairs.

If the vehicle is totaled, you will more than likely receive the blue book value of your car during the settlement process. 

Just like everything else discussed above, not everyone owns the same make and model vehicle, so some people will receive less than others when it comes to vehicle damage, depending upon the value of the vehicle that was damaged. 

4. Pain and Suffering 

Pain and suffering compensation is a little bit harder to determine. Your attorney will need to take into account the severity of the injuries and damages that you suffered, along with how much time was missed at work, and what other things in your life that you had to miss on account of the injuries that you sustained. 

If you are the caretaker of the family or if others rely on you, your attorney will also take into account how the accident affected their lives as a result of the injuries that you suffered. 

Once your attorney has compiled all evidence, they can include an amount under pain and suffering. Often times the insurance company will fight this amount the hardest because it's not always as cut and dry as the other charges that accumulated. 

5. The Amount that you Owe your Attorney 

When it comes to your settlement in a truck accident case, you will owe your attorney a percentage of the final amount that you agree upon. 

Your attorney will have worked on a contingency fee basis, which means you will not have paid them any money up-front to take your case and to begin work. They will not actually take any more from you, their wage comes out of the settlement offer that you receive from the trucking companies insurance. 

That being said, not every Truck Accident Attorney charges the same fee. So just be sure to ask during your consultation what the percentage amount will be owned upon completion of your case. 

 Contact an Attorney if you were Involved in a Truck Accident 

When you become the victim of a Truck Accident, it's important to contact an attorney as soon as possible for legal help. 

Truck Accident cases are much harder to handle than a regular motor vehicle crash. There are more parties that could be involved, complex paperwork, and a team of lawyers who are ready to fight against you when you file a claim against the trucker or trucking company. 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© The Roth Firm | Attorney Advertising

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The Roth Firm

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