Average Truck Accident Settlement

Suffering an injury in a truck accident can upend your life. Severe injuries can cause excruciating pain and overwhelming emotional suffering. They can interfere with your ability to work, participate in hobbies, and enjoy quality time with family and friends.

However, many people are unprepared for the extent of financial upheaval an Ohio truck accident can cause. In addition to hefty medical bills, injured individuals could be temporarily or permanently unable to earn a living. They may have to pay for significant modifications to make their homes more accessible and hire care workers to assist.

For these reasons and more, you deserve compensation if your truck accident-related injuries were the result of another party’s negligence. Yet how much money can you expect to receive in a successful truck accident settlement?

An experienced lawyer from Amourgis & Associates, Attorneys at Law, in Akron, will fight for the maximum compensation available to you so you can get your life back on track. Contact our team today for a free, no-obligation consultation and case evaluation to learn more about how we can help you. With locations throughout Ohio, we serve accident victims anywhere in the Buckeye State.

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

If you are considering filing a claim for your 18-wheeler accident injuries, one of the first things you will want to know is how much compensation you can expect in a truck accident settlement. While it can be tempting to look at average truck accident settlement amounts and assume you will get something close to that, the reality is far more complex. An Ohio 18-wheeler accident settlement can range from a few thousand dollars to well over $1 million. Each claim is unique, and the amount you receive depends on several factors.

Factors That Influence Truck Accident Settlement Amounts

The compensation you receive through a truck accident settlement depends on many unique elements related to your case. Some of the most important considerations include:

The Severity of Your Injuries and Their Impact on Your Life – More severe injuries that result in ongoing medical treatment, lost wages, and reduced quality of life typically yield higher settlements.
The Strength of the Case Against the Truck Driver and Trucking Company – Clear evidence that the at-fault party’s negligence directly caused the truck accident helps secure larger settlements.
The Insurance Coverage Available – Trucking companies are required to carry substantial insurance policies to cover accident claims. The policy limits significantly impact your potential settlement.
Lost Income and Future Earning Capacity – If injuries prevent you from working, you can claim lost wages. For permanent disabilities, you can seek compensation for reduced future earning potential.
Non-Economic Damages – Truck accident settlements include compensation for intangible hardships like physical pain and emotional distress that do not have a specific dollar amount attached.
Punitive Damages – If the at-fault party acted with malice or aggravated or egregious fraud, you may recover punitive damages. These damages are meant to punish the at-fault party.
Experience and Reputation of Your Attorney – An attorney well-versed in truck accidents can maximize the value of your claim through skillful negotiations or litigation.

An experienced Ohio personal injury lawyer can analyze the details of your case and assess its value so that they can fight for the fair compensation you deserve.

Examples of Truck Accident Settlements in Ohio

Because truck accident settlements are confidential, finding real-world examples to discover potential claim values can be hard. However, your attorney can provide insight into settlement ranges based on their experience with similar cases.

Amourgis & Associates, Attorneys at Law, have handled a wide variety of truck accident cases. In one case, a man was injured in a semi-truck accident and recovered $145,000. Another lawsuit involved a woman who was hit by a semi and obtained compensation of $115,000 for her case.

Each truck accident victim’s compensation will differ based on the circumstances of their injuries, who was at fault, how long their recovery took, and the extent of their medical expenses and lost wages. Your attorney can advise you of the approximate value of your case.

What to Do After a Semi-Truck Accident

In addition to the many external factors that can affect your 18-wheeler accident settlement amount, one thing that you can control is what you do after the accident. The steps you take following a truck collision will significantly influence how much compensation you receive. After seeking swift medical treatment for your injuries, be sure to:

Compile all accident-related medical forms, invoices, test results, and scans.
Write down what you remember about the accident, as well as its effects on your physical and emotional health.
Avoid posting anything about the collision or your injuries online or via social media, as insurance companies can use public statements against you.
Contact an experienced Ohio truck accident attorney who can investigate the accident, calculate the value of your losses, and handle communications and negotiations with the insurance company.

How Long Does It Take to Reach a Settlement for a Truck Accident Case?

There is no definite timeline for reaching a truck accident settlement. Each case is unique based on factors like injury severity, evidence complexity, negotiation processes, and the potential need for trial. However, most truck accident cases are resolved within one to two years.

Your experienced attorney will work efficiently to drive your case toward an optimal settlement or trial award. Keep in mind that more complex cases often take longer to resolve. You should exercise patience throughout the legal process and avoid rushing into a settlement before your claim’s full value can be determined.

Contact Our Akron Truck Accident Lawyers to Learn More

Life after a truck accident can be painful, frustrating, and overwhelming. It can also be lonely. However, you do not need to face the next steps on your own. A dedicated Ohio truck accident lawyer from Amourgis & Associates, Attorneys at Law, can give you the support and advocacy you deserve. Although we are based in Akron, our law firm has locations throughout Ohio to serve you.

Our truck accident attorneys have a proven track record of securing favorable settlements for our clients. If negotiations fail, our trial-tested litigators are unafraid to take the at-fault party to court and fight for compensation before a judge and jury. Contact our team today for a free consultation to learn more about your legal options.