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Unfortunately, car crashes occur all the time. Chances are you’ve been in, or at least seen one. Sadly, most crashes are preventable. They are caused by distracted driving, drunk driving, use of phones, speeding, and other reckless behaviors. Even if the accident is only a minor one, it can still end up costing those involved a lot of money. Here are just a few things that can cause the cost of a crash to add up.
Not all cars are created equally. Older cars tend to use more metal components in the body of the car. When they are hit, they tend to take less damage. Newer cars tend to incorporate more plastics into their design. This creates a safer design for passengers, but it does mean the car sustains more damage. If your car is newer, chances are that repair costs may be higher.
Age isn’t the only important factor. The make and model will also play a large part. If your car is made by a foreign company, replacement parts are going to be more expensive. Replacement parts will be even more expensive if you have a more luxurious model. Body panels for a Lamborghini will be far more costly than for a Toyota Corolla.
If you are found to be at fault for the crash, you will need to provide compensation. Depending on the kinds of compensation you have to provide, the cost can go up dramatically. You may end up having to pay secondary damages on top of the initial damages. Secondary damages are damages that occur as a result of the damages caused by the initial.
For example, if a passenger is severely injured, you will be responsible for the initial damage of their healthcare. If their health prevents them from working, this can become a secondary damage. You may be required to provide compensation. This is only one example of the many kinds of compensation that can be required depending on the outcomes of the crash.
Conditions of the Crash
The conditions of the road can also affect how much a crash will cost you. A small bump on icy roads can send a car spinning into a wall or a ditch. What would normally be a fender bender, could quickly turn into a disaster. This is one reason why it is so important to be careful when driving in poor conditions.
Cause of Crash
The cause of the crash will have a significant impact on the cost of the crash. If you were breaking the law by speeding, driving drunk, etc. you will likely be fined by the state. Additionally, you may have to go to court. There you will be required to pay court fees. You might even go to jail. This will lead to many unmeasurable costs. The blight on your record can severely limit your future activities.
On the other hand, if the other person is at fault your only costs may be sore muscles and neck pain for a few weeks. If you were driving responsibly, and the other driver’s negligence led to the crash, they will likely end up having to pay for all associated costs. However, much of this will depend on the type of insurance that you and the other driver have.
Your out of pocket costs will depend heavily on the type of insurance coverage you have. If you have a comprehensive full coverage package, your insurance company will pay for all associated costs. If you have only the most basic required insurance, your company will only pay for damages to the other car if you caused the accident. This means that if the other driver is uninsured, you could be in serious trouble even if you were not at fault. The type of coverage you have is extremely important. When renewing your policies, you should carefully look at what protection you are being offered and what protection you are not.
Although driving can be fun, it can also be a very dangerous thing. Even the smallest mistakes can end up costing you deeply. As such, it is important to remember to drive responsibly and wear a seatbelt. Your health and safety are always worth it.
Here’s another article you might find helpful: How to Protect Your Financial Assets