New Mexico Truck Accident Settlements: What You Need to Know

Understanding New Mexico Truck Accident Settlements

Truck accidents in New Mexico can lead to serious injuries and significant financial losses. If you’ve been involved in a truck accident, understanding potential settlement amounts can help you prepare for the legal process. Several factors influence these settlements, including the severity of injuries, liability, and insurance coverage.

Factors That Affect Truck Accident Settlements

New Mexico truck accident settlements vary based on multiple factors. Key considerations include:

  • Severity of Injuries – More serious injuries typically result in higher settlements due to medical expenses, lost wages, and pain and suffering.
  • Liability and Negligence – If the truck driver or trucking company is found negligent, the settlement amount may be higher.
  • Insurance Coverage – New Mexico requires commercial trucks to carry higher insurance limits, which can impact compensation.
  • Economic and Non-Economic Damages – Compensation includes tangible losses (medical bills, lost wages) and intangible damages (emotional distress, reduced quality of life).

Average Truck Accident Settlement Amounts in New Mexico

While every case is unique, truck accident settlements in New Mexico can range from tens of thousands to millions of dollars. The National Highway Traffic Safety Administration (NHTSA) reports that in 2023, New Mexico had over 2,500 large truck crashes, with many leading to serious injuries. Severe cases, such as those involving permanent disability or wrongful death, often result in higher settlements.

The Role of Comparative Negligence in New Mexico

New Mexico follows a pure comparative negligence rule. This means that even if you are partially at fault for the accident, you can still recover damages. However, your compensation will be reduced by your percentage of fault. For example, if you are awarded $500,000 but found to be 20% at fault, your final settlement would be $400,000.

Steps to Take After a New Mexico Truck Accident

If you’ve been in a truck accident in New Mexico, follow these steps to protect your rights:

  1. Seek Medical Attention – Your health comes first. Get medical care immediately.
  2. Report the Accident – Contact law enforcement to file an official report.
  3. Gather Evidence – Take photos, collect witness statements, and document the scene.
  4. Consult a Truck Accident Attorney – An experienced lawyer can help maximize your settlement.

How The Law Offices of Kenneth G. Egan Can Help

Navigating a truck accident claim can be complex, but you don’t have to do it alone. At the Law Offices of Kenneth G. Egan, we have decades of experience helping victims of truck accidents in New Mexico secure fair compensation. Our team will investigate your case, negotiate with insurance companies, and fight for your rights in court if necessary.

We are located in Las Cruces and are proud to serve the surrounding areas, including Doña Ana, Santo Tomas, La Mesa, Fort Selden, Radium Springs, and beyond.