After a car accident, it’s important to stay on top of your finances. With things like car repair, medical bills, and insurance claims, it can be easy to let your finances get out of control. Here are a few tips to help you stay on top of your finances after a car accident.
Call a Lawyer Immediately
In most states, you only have three years after a motorcycle accident to file a personal injury claim, so it’s important to call a lawyer right away. If you wait too long, you may not be able to get the compensation you deserve. Calling a lawyer will help you save money in the long run because they can help you negotiate with the insurance company and get the best settlement possible.
Keep Track of All Your Expenses
After a car accident, you will have a lot of expenses. From medical bills to car repairs, it’s important to keep track of all your expenses. This will help you when it comes time to file an insurance claim or personal injury lawsuit. Always ask for detailed invoices and keep all your receipts in a safe place.
Get Your Car Repaired as Soon as Possible
If your car is damaged in a car accident, it’s important to get it repaired as soon as possible. Not only will this help you get back on the road sooner, but it will also help you save money on your insurance premiums. In most states, you have up to two years to get your car repaired after an accident. Some insurance companies may try to lowball you on the cost of repairs, so it’s important to get multiple estimates. You can also ask your lawyer for help if you’re having trouble getting the insurance company to pay for your repairs.
Call a Criminal Attorney
In California, the legal limit for intoxication while driving is .08%. If you’re involved in a car accident and the other driver is found to be over the legal limit, you may be able to sue them for punitive damages. This can help you get the money you deserve, so it’s important to call a criminal attorney right away. If you were the one over the legal limit, it’s still important to call an attorney, as you may be facing criminal charges. While it can be scary to deal with the legal aftermath of a car accident, an experienced attorney can help you through it.
Take Photos of the Accident Scene
If you’re involved in a car accident, it’s important to take photos of the scene. This will help you when it comes time to file an insurance claim or personal injury lawsuit. Be sure to take photos of the damage to both cars, as well as any injuries you or the other driver sustained. It’s also a good idea to take photos of the intersection or stretch of road where the accident occurred, as this can be helpful evidence. Taking pictures will help you save money when trying to prove your case later on.
Get a Copy of the Police Report
If the police come to the scene of the accident, be sure to get a copy of the police report. This can be helpful evidence when it comes time to file an insurance claim or personal injury lawsuit. The police report will contain important information about what happened and the other driver’s contact information. They might also have witness statements, which can be helpful in your case.
Get Help With Medical Bills
When staying on top of your finances after a car accident, one of the most important things to do is get help with medical bills. If you have health insurance, your provider should cover some of the cost of your medical treatment. However, you may still be responsible for deductibles, copayments, and coinsurance. If you don’t have health insurance, you will be responsible for the full cost of your medical treatment.
One way to get help with medical bills is to file a personal injury lawsuit against the other driver. If you win your case, you may be able to recover the cost of your medical bills, as well as other damages. Another way to get help with medical bills is to negotiate with the other driver’s insurance company. Many insurance companies will agree to pay some or all of your medical bills if you agree not to sue the other driver, which can help you save money. According to the Urgent Care Association of America’s 2016 Benchmarking Report, there are 7,357 urgent care centers in the United States, so visit one near you after an accident.
Take the Time to Relax
After a car accident, it’s important to take the time to relax. This can be difficult, especially if you’re dealing with injuries or financial stress. However, it’s important to give yourself time to recover both physically and emotionally. Try to take some time off from work, even if it’s just a few days. If you can’t take time off, try to take it easy and not work too much overtime. It’s also important to spend time with family and friends, as they can provide support during this difficult time.
Make a Savings For Unexpected Costs
When staying on top of your finances after a car accident, one of the best things you can do is make a savings account for unexpected costs. This way, if you have to miss work or pay for unexpected medical bills, you’ll have the money you need. Try to put aside at least $500 in a savings account so you have a cushion in case of an emergency.
Shop For New Insurance
If you’ve been in a car accident, it’s a good idea to shop for new insurance. This is because your rates may go up after an accident, even if you weren’t at fault. Shopping around for new insurance can help you find a better rate and save money. When looking for new insurance, be sure to compare rates, coverage, and deductibles.
Consider Buying Used Cars
If you’re looking to save money, one option is to consider buying used cars instead of new cars. Used cars are often much cheaper than new cars, and they can still provide good quality and reliability. When shopping for a used car, be sure to have it inspected by a mechanic before you buy it. This way, you can be sure it’s in good condition and won’t break down on you.
Take Time Shopping For a Lawyer
If you decide to file a personal injury lawsuit against the other driver, it’s essential to take your time shopping for a lawyer. This is because not all lawyers are created equal. Some lawyers may have more experience than others, and some may be better at negotiating with insurance companies. Be sure to interview several different lawyers before you make a decision, and choose the one you feel most comfortable with.
Get Help From a Financial Advisor
If you’re having trouble staying on top of your finances after a car accident, it’s a good idea to get help from a financial advisor. A financial advisor can help you create a budget, save money, and make wise financial decisions. If you don’t have a financial advisor, you can find one by searching online or asking family and friends for recommendations.
Consider a Small Low-Interest Loan
If you’re struggling to pay your bills after a car accident, you may want to consider taking out a small low-interest loan. This can help you cover your expenses until you’re able to get back on your feet. Be sure to shop around for the best rates and terms before you take out a loan. Many insurance companies will reimburse you, so it’s better to wait until after you’ve filed your claim to get a loan if possible.
Ask For Help From Family and Friends
Don’t be afraid to ask for help from family and friends. They may be able to help you with transportation, child care, or other expense, which can help you save money while you recover. If you have a close friend or relative who’s good with money, they may be able to help you create a budget or save money on your expenses.
Use Worker’s Compensation If You Have It
Worker’s compensation can help you cover your medical bills and lost wages if you’re unable to work. Be sure to ask your employer about worker’s compensation benefits after a car accident. If you were driving for work at the time of the accident, you may also be able to get worker’s compensation from your employer. Sadly, many employers might try to deny your claim, so it’s important to have an experienced lawyer on your side.
Take Advantage of Government Programs
There are many different programs available, so be sure to research your options. You may be able to get help with your medical bills, housing, or other expenses. EDD is a great tool to save money on your income taxes while you are out of work and can help with up to 60% of your lost wages. Other government assistance programs can help with utility bills, food, and other necessities.
Never Miss Doctor’s Appointments
If you’ve been in a car accident, it’s important to never miss doctor’s appointments. This is because your doctor will be able to monitor your progress and make sure you’re healing properly. Missing appointments can also make it more difficult to get the medical treatment you need. If you’re having trouble paying for your medical care, there are many options available, so be sure to ask your doctor about financial assistance programs. You can save money and get to work faster by using the many options available to help with your medical bills.
Find a Good Auto Body Shop
You’ll need to find a good auto body shop to fix your car. A good auto body shop will be able to repair your car quickly and for a reasonable price. Be sure to get multiple estimates before you have your car repaired. You may also want to ask your insurance company for recommendations on auto body shops or shop online. Unfortunately, many insurance companies will try to steer you toward their preferred shops, which may not be the best option for you. You may also be upsold on repairs that aren’t necessary, so be sure to get a second opinion if you’re unsure about a repair.
Staying on top of your finances after a car accident can be difficult, but it’s important to do your best to stay organized. Keep track of all your bills and expenses, so you know where your money is going. This can help you save money and get back on your feet more quickly. Be sure to ask for help if you’re having trouble paying your bills, as there are many options available to assist you. Finally, don’t make any hasty decisions about your finances after a car accident, as this can lead to more problems down the road. By taking your time and being careful with your money, you can get through this tough time.