Going through a car accident is traumatic, not only physically and emotionally, but financially. There are all kinds of expenses associated with a car accident. Medical bills and car repairs immediately come to mind. However, there are several hidden costs that can also significantly impact the total expense of your car accident that you may not be aware of.
So how much will your car accident actually wind up costing you?
Hidden Expense #1: Insurance Rates
Having car insurance is important and can help mitigate some of the costs of a car accident. However, the insurance companies will make you pay for using it. In most cases, your insurance rates will change after going through an accident. This is the first hidden cost you may uncover after your accident.
Increased insurance rates post-accident can have a significant impact on your finances and the total costs of your accident.
Hidden Expense #2: Rental Cars
If there is significant damage to your vehicle, you’ll need to take it into the shop for repairs before driving it again, which leaves you without transportation. Paying to rent a car while yours is in the shop is a second hidden expense you may not have expected. Car rentals can cost hundreds of dollars. Depending on the length of time you’ll need a rental, it can become another significant expense that is unfortunately part of this process.
Hidden Expense #3: Towing Services
The cost of towing your car away from the scene is another expense you may not have thought about before your accident. But towing services are usually not free and if you cannot drive your car, you’ll need to pay to take it away from the accident scene. Yet another costly service that is often overlooked.
These are just a few of the potential extra, hidden expenses you’ll have to pay for after your accident. These bills can pile up, leaving you overwhelmed. However, an experienced car accident attorney can help you with these charges, along with the more obvious expenses such as medical bills and car repairs.
An attorney can help you recover the compensation you need and deserve after your accident. You can use this compensation to pay for these expenses, in addition to supplementing your lost wages and other bills. These hidden expenses, on top of the usual cost of an accident shouldn’t leave you bankrupt. Contact an attorney for more information about this process.