Settlement Value of Rear End Truck Accident Claim
A Jury Verdict Research study found that the median award in rear-end truck accident cases throughout the country is $93,909. Remarkably, plaintiffs recover damages in only 63 percent of truck accident cases that go to verdict. That study is based on verdicts rendered throughout the United States from 1997 to 2007. I wish I had newer data but this is all we have.
There is a lot of confusion about median and average verdict data in accident cases. Lawyers who are not exactly math wizards, except when computing 40%, use median and average interchangeably. This study provides median, not the average truck accident verdict. Clearly, the average truck accident verdict would be substantially higher because a full twelve percent of the verdicts in rear end truck accident cases are over $1 million. There is a lot of debate about which figure is better but, certainly, the median figure is more useful in computing case values.
Generally speaking, rear end accident cases are less serious than most other types of truck accidents. But, when you are dealing with big rig trucks, that conventional wisdom goes down the tubes. There is a great deal of wrongful death rear end accident truck claims, just because rear end accidents are common and large trucks kill.