What Is the Average Settlement for an 18-Wheeler Accident?

Q 5 : What Is the Average Settlement for an 18-Wheeler Accident?

The average settlement for an 18-wheeler accident can vary widely, typically ranging from tens of thousands to several million dollars. Several factors influence the settlement amount, including the severity of injuries, the extent of property damage, liability, and more. Here’s a detailed look at what determines the settlement for an 18-wheeler accident:

Factors Influencing Settlement Amounts

Severity of Injuries

• Settlements for minor injuries, such as cuts, bruises, or soft tissue injuries can generally range from on the lower end of the spectrum under six figures whereas Moderate and severe Injuries can be worth hundreds of thousands to several millions of dollars.

Liability and Negligence

• Clear Liability: When the trucking company or driver is clearly at fault, it can result in higher settlements.
• Shared Fault: If liability is shared or disputed, the settlement amount may be affected.

Economic Damages

• Medical Expenses: Compensation for past and future medical bills, rehabilitation costs, and any necessary medical equipment.
• Lost Wages: Reimbursement for lost income and potential future earnings if the victim is unable to return to work.
• Property Damage: Costs associated with vehicle repair or replacement and other personal property damaged in the accident.

Non-Economic Damages

• Pain and Suffering: Compensation for physical pain, emotional distress, and loss of enjoyment of life.
• Loss of Consortium: Damages awarded to family members for loss of companionship or support.

Punitive Damages

• Gross Negligence: In cases where the trucking company or driver’s actions were particularly reckless or egregious, punitive damages may be awarded to punish the wrongdoer and deter similar behavior. These damages can significantly increase the settlement amount.