How a car accident will cost you (in more ways than one)

Posted by Ben Davidson about 27 days ago

We all know that being in a car accident will affect you physically, emotionally and psychologically. And we all try our best to avoid getting caught up in a crash by practicing road safety and defensive driving techniques. 

The reality is that a crash could happen at any time, and even more worryingly, most crashes are caused by the negligent actions of others - click the link to speak to a local personal injury lawyer about your car accident. Drink driving, speeding, reckless driving, drivers becoming distracted behind the wheel and taking unnecessary risks are the most common causes behind car accidents in the US. 

But despite the obvious inconveniences of being involved in a road crash, believe it or not, a car accident could cost you in more ways than one.

Read on to find out more. 

You may be unable to work

If you can no longer work due to the injuries you’ve sustained in your car accident, then you might struggle to support yourself and your family. If your injuries have rendered you unable to work for the foreseeable future then you may have no idea when this financial nightmare will end. Which in turn means more bills you can’t pay, financial defaults and spiraling debts. 

Rising medical costs

The initial cost of your car accident may leave you paying for a hospital visit. If your injuries are serious and you need transportation, an overnight stay, X-rays, surgery, medication and other emergency medical care, then costs can quickly add up. If your insurance doesn’t cover your medical needs, then you could find yourself in severe financial trouble. 

Not only that but if your injuries require rehabilitation, further treatments down the line and other therapies to help reduce your pain and get your life back to normal, then you might not be able to afford them. 

Increased insurance

When a car accident occurs, it doesn’t matter who was at fault. Your insurance premiums will probably increase, making driving even more expensive. And if you’re currently unable to work then you may struggle to afford such a sudden spike in your insurance costs.

Personal items

When you're in a crash, it's not just your vehicle that gets damaged. You may also be facing the cost of replacing other personal items such as your smartphone, your prescription glasses or sunglasses, even your child’s car seat, your watch, your GPS system or laptop etc. The costs can quickly add up. 

Car expenses

Is your car completely written off? Or will you have to pay for the damages to be repaired? Whatever state your vehicle is in, you’ll either need to pay for a replacement or pay a huge amount of money to have your car professionally repaired. If you’re still able to work, then getting your car back is a priority making this financial situation difficult to control.

Final thoughts…

If you’ve been involved in a car accident that wasn’t your fault and you’re facing financial hardship, speak to a personal injury lawyer. 

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