How Much Are Most Truck Accident Settlements?

Because 18-wheelers are loaded with heavy cargo, their sheer size and weight can cause devastating accidents on Texas’s roads. Most truck accident settlements in Texas involve amounts between $500,000 and $4,500,000. Minor crashes may result in settlements closer to $25,000, while the largest payouts may exceed $5,000,000.

However, every case is different, depending on a range of factors. If you’ve been involved in a truck accident, read on to learn more about how accident compensation is determined and when it’s time to contact the experienced legal advisors at Lone Star Injury Attorneys.

There Is No Set Amount for Compensation

If you were in a collision with an 18-wheeler, you’ll probably want to know how much you can expect from your settlement. While court records show some large awards, the amount you can receive varies widely. Settlement figures are calculated based on the specific circumstances of your accident, including who was at fault, how seriously you were injured, and whether the truck driver’s negligence played a role.

Many Factors Determine a Settlement

Collisions with large commercial vehicles frequently result in serious injuries and considerable property damage, but that doesn’t mean you’re guaranteed to walk away with a significant settlement. The court takes several factors into consideration when determining a fair payout, including the cost of your medical bills and car repairs, the extent of your injuries, the degree of pain and suffering you’ve experienced, and your lost wages. Insurance policy limits and applicable state laws also play a role in determining the amount of your settlement.

What Is Texas’s 51 Percent Rule?

The Lone Star State uses a 51 percent rule to determine liability in a collision. This modified comparative negligence law limits the amount of compensation you can receive. If law enforcement determines that you are 51 percent or more at fault for the accident, you aren’t entitled to recover damages at all.

Contact a Texas Personal Injury Lawyer for Your Truck Accident Case

If you’ve been in a truck accident, a personal injury lawyer can help you navigate the settlement process and advocate for fair compensation. Lone Star Injury Attorneys sets the gold standard in personal injury cases because of our extraordinary effort that leads to extraordinary settlements. Find out what we can do for your truck accident case by contacting us today.