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What Is the Average Settlement for a Truck Accident?

If you were struck by a large truck in Dallas, you may take steps to get compensation for your medical expenses and other losses. In some cases, these cases are resolved in the county and district courts system. However, it’s more likely that your claim will be resolved through a settlement with insurance agents.

This raises the question: what is the average settlement for a truck accident in Dallas? Review settlement compensations right here and discover the types of damages you could receive.

Truck Accident Settlements Vary in Dallas

In truth, there is no “average” settlement for truck accidents in the Dallas area. The amount of compensation you could receive for your losses may vary wildly based upon the severity of your injuries, the damage to your vehicle, and your level of fault for the collision.

A truck accident lawyer may be able to help you get an appropriate level of compensation after a collision with a semi-truck or 18-wheeler. Your lawyer may assess the facts regarding your specific situation to help you understand the amount of compensation you are likely to receive. Let’s consider the type of damages you could receive after a truck accident.

Economic Damages for a Truck Accident Settlement

After a truck accident, you could be eligible to receive economic damages. Economic damages are designed to cover easy to calculate losses caused by your accident. Depending upon your situation, you could receive economic damages to cover your:

  • Current and future medical expenses.
  • Lost wages at your place of business.
  • Damage to your motor vehicle.

It may be fairly simple for a truck accident lawyer to calculate the economic damages you could get after an accident. This often involves gathering a list of your medical expenses, vehicle repair costs, and other clear-cut losses.

Non-Economic Damages for a Truck Accident Settlement

You could also receive non-economic damages following a collision with a large truck in Dallas. Non-economic damages are not as easy to define as economic damages. You may receive non-economic damages for things like your pain, suffering, and mental anguish.

In order to determine how much compensation you could receive for non-economic damages, the multiplier method may be used. The multiplier method takes the full amount of compensation you would receive for economic damages and multiplies it by a number between 1.5 and 5.

Generally, if your accident was not very severe, your case will get a smaller multiplier (one closer to 1.5). If you sustained more serious injuries, your economic damages could be multiplied by a larger multiplier (closer to 5). Your truck accident lawyer may be able to advise you on the amount of non-economic damages you could receive.

Your Liability Affects Your Truck Accident Settlement

Determining how much compensation you would get through a truck accident settlement involves more work than simply adding up your losses. The state of Texas uses comparative negligence laws. This means that the compensation may be directly affected by your amount of liability for the accident.

Each driver who is at-fault for an accident may receive a percentage of the blame. Your compensation may be reduced proportionally to your percentage of responsibility. A lawyer may be able to help you get full compensation by working to show that the truck driver caused your accident by:

  • Disobeying the rules of the road.
  • Drinking and driving.
  • Driving while distracted or fatigued.

Establishing that the other driver caused your accident — and was solely responsible for the collision — may allow you to get a larger percentage of compensation for your economic and non-economic losses.

Work on Your Dallas Truck Accident Settlement Quickly

You should be aware that the state of Texas has a statute of limitations on truck accident cases. This means you only have a set amount of time to pursue compensation for your losses. If you wait too long to file a claim, you may be unable to receive any compensation, even if your injuries were severe.

A truck accident lawyer may be able to begin working on your claim right now.

Consider the Average Settlement for a Truck Accident

What is the average settlement for a truck accident in Dallas? The amount of money you could receive after a truck accident can vary greatly. A Dallas car accident lawyer may be able to help you get compensation for your economic and non-economic losses through a settlement. Find out more by calling (214) 305-8277 or completing our online contact form.

Our team is ready to offer you a free consultation right now.

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