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What Is the Average Semi Truck Accident Settlement in New Mexico?

by James Tawney on Sep. 12, 2018

Accident & Injury 

Summary: Eighteen-wheelers, tractor-trailers, and other types of big rigs are heavy and carry massive amounts of cargo.

Posted on: Aug 12, 2018By Flores Tawney & Acosta, P.C.

average semi truck accident settlementEighteen-wheelers, tractor-trailers, and other types of big rigs are heavy and carry massive amounts of cargo.

Accordingly, the injuries from these accidents are in some cases severe. Getting the maximum amount of compensation to your claim makes a major difference in terms of your recovery.

Every truck accident is different. However, the following gives you some idea of what to expect in terms of an average semi-truck accident settlement.

For more information, contact a New Mexico truck accident lawyer.

Types of Compensation in an Average Semi-Truck Accident Settlement

Depending on the circumstances involved, you may file a claim against both the truck driver and the trucking company.

Injuries suffered in truck accidents tend to be severe, and may result in ongoing disabilities.

Common types of compensation in an average semi-truck settlement typically include:

  • Medical expenses: This includes current and future costs you incur for doctor’s visits, diagnostic tests, treatments, medications, and physical rehabilitation.
  • Lost wages: This includes current and future losses in income and benefits due to ongoing disabilities.
  • Property losses: This reimburses you for the cost of repairing or replacing your vehicle and other property damages.
  • Out-of-pocket expenses: This includes items such as modifications to your home or car to accommodate your injuries, as well as any additional care or support you need.

In the event you take your case to court instead of settling with the insurance company, you may also sue for another type of compensation. This is compensation for the pain, suffering, and mental anguish you and your loved ones endured as the result of your accident or your injuries.

Even if you were partially to blame, under Section 41-3-2 of the New Mexico Statutes, you may still receive compensation in some cases.

What to Expect in Your Settlement

An average semi-truck accident settlement depends upon the causes of the accident, the nature of your injuries, and the impact it has on other areas of your life.

To get an idea of what these amounts might be in your case, the National Highway Traffic Safety Administration (NHTSA) provides some estimates. These are average costs based on medical expenses, lost wages, and other damages you are likely to suffer:

  • Accidents involving otherwise minor injuries: Approximately $60,000.
  • For more serious injuries that have the potential to cause lasting disabilities: Approximately $200,000.
  • For severe injuries, which have the potential to be life-threatening: Approximately $400,000 or more.

Remember: these are averages. The actual amount you get in your case may be higher or lower depending on the situation.

Contact Us Today for Help

To get a more accurate idea of what you might be entitled to in your semi-truck settlement, reach out to Flores, Tawney & Acosta P.C.

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