How Much Are Most Truck Accident Settlements?

A truck accident has the potential to upend your life. Pursuing a personal injury lawsuit may help you recover the compensation you need to heal, but understandably, many people want to determine whether the stress of a legal case will be worth the effort.

Before deciding to work with a truck accident lawyer, injured people often want to know how much most truck accident settlements are worth. The answer is more complex than many realize. 

How Much Compensation Is Typical In Truck Accident Settlements?

The truck accident settlements and verdicts that make the news are often well into the millions of dollars. As a result, some people mistakenly believe that even minor injuries lead to huge settlements. The truth is that truck accident settlements can range from a few thousand dollars to well into the millions, but many fall within the $100,000 to $500,000 range

In general, the more serious your injuries are, the more compensation you’re likely to receive. High-value cases involving severe injuries tend to take more time to settle. Many factors shape the value of a case, and the only way to reliably determine how much compensation you might receive is to speak with an experienced truck accident attorney.

What Factors Impact The Amount Of Your Settlement?

Many factors influence compensation in a truck accident case, but some can have a more significant effect.

Injury Severity

Injury severity is one of the most important factors in any truck accident case for two key reasons:

  • Serious injuries are costly to treat
  • Serious injuries have a major negative impact on your quality of life

In a truck accident case, you may be entitled to both economic damages (compensation for monetary losses) and non-economic damages (compensation for intangible losses). More often than not, serious injuries increase both.

Liability

Under the legal doctrine of vicarious liability, an employer may be held liable for its employees’ actions on the job. This means that in a truck accident lawsuit, trucking companies are almost always named as defendants. If you can show that the trucking company’s negligence was also a contributing factor, you could be awarded greater compensation.

Value Of Lost Wages

Truck accident settlements often include compensation for income lost due to injury. The greater the monetary value of your lost wages, the larger your settlement is likely to be. Injured people may also be compensated for their loss of future earning potential. 

If your accident caused a permanent injury that limits your ability to earn money in the future, your compensation may be much greater.

Whether The Case Goes To Court

Most truck accident cases can be settled outside of court. However, if both sides can’t agree on a fair amount, the case could be decided in a civil trial. Compensation awarded by a court is often greater than what you’d recover in a settlement, but it’s important to remember that going to court carries substantial risk. If you lose the case, you receive no compensation at all.

Because of multiple potentially liable parties, complex rules and regulations, and other complicating factors, truck accident cases are often harder to navigate than most. If you want to maximize your chances of fair compensation, choosing an experienced, capable attorney is a critical first step.

Contact Workman Car Accident & Personal Injury Lawyers for a Free Consultation 

There is no single “average” truck accident settlement that applies to every case. While many settlements fall within the $100,000 to $500,000 range, the true value of your claim depends on the specific details of your accident, including the severity of your injuries, who is liable, how your ability to work has been affected, and whether your case settles or goes to trial. 

Because trucking companies and their insurers aggressively defend these claims, having strong legal representation can make a significant difference in the outcome.

For more information, please contact an experienced truck accident lawyer at Workman Car Accident & Personal Injury Lawyers for a free consultation.

We proudly serve Fort Lauderdale, Clermont, and its surrounding areas:

Workman Car Accident & Personal Injury Lawyers
633 S Andrews Ave Ste 401, Fort Lauderdale, FL 33301
(954) 361-3997

Workman Car Accident & Personal Injury Lawyers
1655 E Hwy 50 ste 316, Clermont, FL 34711
(352) 77-33866