What Is The True Cost of a Car Accident?

The initial impact of a car accident can be extremely shocking. From the first responder dispatch to the exchange of insurance information, the crash scene itself takes a lot out of all parties involved. However, that is only the beginning. Many different costs and burdens of your car accident will continue to follow you home.

Watch our video outlining some unforeseen costs you may encounter after an accident:

It is common for accident victims to try to handle their claims on their own, thinking that seeking legal action is unnecessary. As injury law professionals, we can confirm that belief may result in you not receiving the compensation to which you may be entitled for your injuries. Before you deny legal help, you should consider the immediate and long-term losses due to your injuries and damages from your accident. What you don’t know may surprise you.

Hiring an attorney to handle your case can help you recover compensation for:

  • Time off work. There is a likely chance you will need to take off work due to the accident itself, as well as receiving medical attention, appearing in court, or attending follow-up medical appointments. If you are not afforded paid time off from your employer due to your changing schedule, this can result in lost wages. That’s money taken out of your pocket that you may not be able to get back.
  • Medical care. Based on the severity of your accident, the medical attention you receive could continuously consume your time, energy, and, most importantly, funds. The bills pile up quickly from an ambulance ride to a hospital stay to follow-up doctor visits. Whiplash alone could warrant serious medical attention to ensure no severe underlying conditions with delayed effects such as spinal cord and traumatic brain injuries. Often, the medical bills from these appointments are paid out-of-pocket.
  • Car repair. When grappling with a crash, your health and safety are not the only things that will cost you. The resulting state of your vehicle takes a mighty toll on your finances as well. With factors considered, such as the severity of the damages, who is at fault, and the insurance coverage available to you, your bank account could suffer tremendously from this cost alone.
  • Increased insurance costs. Following an accident, insurance rates could increase by about 48%. This could prove to take hundreds – even thousands – out of your pocket annually. Coverage for this spike may be available to you, and it is up to you to accept it. 

Protecting The Rights of Good People is What We Do

The impact of a car crash is enough to cloud your conscience. Don’t let the costs listed above set you back even further. Need a professional’s opinion on navigating the hidden costs of an accident? Don’t wait until it is too late. The car accident attorneys at Grimes Teich Anderson can help recover the compensation you may be entitled to in order to restore your mental, physical, and financial wellbeing. If you or a loved one suffered substantial injuries and losses following a car accident, contact us today by submitting a contact form on our website or calling our office toll-free at 800-533-6845 for a free consultation of your case.

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