Understanding Average Semi-Truck Accident Settlements in New Mexico

When a commercial truck collision occurs in Las Cruces or elsewhere in New Mexico, victims often face devastating consequences. Due to the immense size and weight of these vehicles, accidents involving semi-trucks frequently result in severe injuries and substantial damages. At the Law Offices of Kenneth G. Egan, we understand that one of the most pressing questions our clients have is about potential settlement values.

Key Factors Affecting Settlement Amounts

While each truck accident case is unique, settlement amounts typically reflect several key factors. Medical expenses form a significant portion of these settlements, encompassing both immediate treatment costs and anticipated future medical needs. Lost wages and reduced earning capacity are also crucial components, particularly when injuries result in long-term disability. Property damage and additional out-of-pocket expenses, such as home modifications or specialized medical equipment, are also considered in settlement calculations.

Settlement Amounts Based on Injury Severity

Recent data from the National Highway Traffic Safety Administration suggests that settlements can vary significantly based on injury severity. An average semi truck accident settlement for a minor injury case may settle for around $60,000, while cases involving serious injuries with lasting impacts typically range near $200,000. For severe, life-threatening injuries, settlements often exceed $400,000. However, these figures are merely averages, and actual settlements can differ substantially based on specific case circumstances.

The Impact of Comparative Negligence

It’s worth noting that New Mexico’s comparative negligence laws may affect your settlement amount. Even if you were partially at fault for the accident, you may still be eligible for compensation under Section 41-3-2 of the New Mexico Statutes. Additionally, claims may be filed against multiple parties, including both the truck driver and the trucking company, potentially increasing the overall settlement value.

Our Commitment to You: Maximizing Your Compensation

At the Law Offices of Kenneth G. Egan, our experienced team works diligently to ensure our clients receive fair compensation that fully addresses their current and future needs. Each case receives personalized attention to document all damages thoroughly and build the strongest possible claim for maximum compensation. We are located in Las Cruces and are proud to service the surrounding areas, including Doña Ana, Santo Tomas, La Mesa, Fort Selden, Radium Springs, and beyond.