The idea of auto insurance is to protect drivers financially against the potential
costs of car accidents.
Most states require motor vehicle owners to have insurance to cover the medical and property damage
costs of car accidents.
While the financial
cost of car accidents is staggering, it's nothing compared to the emotional impact it can have on the people who are directly affected by a crash.
What is the true
cost of a car accident?
One study found that the average
cost of a car accident bodily injury claim in 2013 was more than $ 15,000.
The economic
cost of car accidents in the U.S. is astonishingly high, as shown in the statistics above.
The average
cost of a car accident can be staggering for most Americans — in 2013, the average insurance claim for bodily injury was $ 15,443, and the average claim for property damage was $ 3,231.
Here's why you don't want to skimp on liability to pinch a few pennies:
The cost of a car accident can be much higher than what your insurance will pay out if you have only the minimum coverage mandated by state law.
If you have the correct auto insurance it should cover the financial
costs of a car accident, even if it is your fault, but it can not bring you back from the dead.
Not exact matches
The technology behind these self - driving
cars will be applied to public transportation and will decrease the risk
of accidents as well alleviate traffic congestion and lower energy
costs.
Ahuja points out that 95 percent
of auto
accidents are caused by human error, so autonomous
cars will help reduce medical and insurance
costs.
You can't drive a
car without insurance because the
cost of treating
accident injuries and damage would be too big
of a burden on the public.
For one it's stupid costly to rent
car seats, in my experience rental places want upwards
of $ 15 / day or more to rent a single
car seat (I have been quoted $ 25 a day) after a few days you can exceed the
cost of simply purchasing new... Meaning you could have purchased a brand new in the box
car seat and checked that at the luggage counter complete with all it's factory packing that should allow it to arrive undamaged and you now have a backup or travel
car seat complete with packaging... Second you have no idea about the condition
of that rented
car seat, as you imply, unseen damage is well unseen regardless
of claims
of «inspection» by the rental company, there is no way they can't tell if it's damaged if the damage is unseen, they are only doing visual checks nothing more... In the end there is nothing to assure you that your «rented»
car seat will be in any better condition then one you brought with you or that it wasn't in an unreported «
accident» from the previous renters or mishandled by the previous renters... If safety is you end goal, renting a
car seat at your destination is not inline with that goal...
He also notes that the extra
cost of winter tires might be a lot cheaper than repairing body damage from an
accident, not to mention the ongoing
car insurance surcharges afterward.
Due to the mismatched bumper heights, a
car - to - SUV crash has a higher chance
of destroying radiators and cooling fans, disabling the vehicle after an
accident and driving up repair
costs.
It's not just because the
car is safe, reliable and secure, but because Ford's dealer network is expansive (over 750 in the UK) and the parts supply abundant — so in the event
of an
accident, the repair
costs are very reasonable.
Sports
cars cost more to repair than other vehicles, according to the Highway Loss Data Institute in Arlington, Va. «Leading» the pack is the Dodge Viper (above) with an average claim
of more than $ 26,000 per
accident.
The
cost of a good set
of winter tires in a popular size is about $ 500 to $ 750 for a set
of four, or about what it would
cost you if you ding the
car in a winter
accident and have to pay a deductible.
If you are responsible for another person's property damage or personal injury, as might happen in the case
of a
car crash or an
accident in your home, your appropriate insurance policy will go into effect to cover the
costs.
One good thing about this insurance coverage is that, even if you are responsible for the
accident, you will still be reimbursed for the
costs of repairing your
car.
As you are considering purchasing insurance, consider a few factors: first, females generally
cost less than males to insure; second, shop around for insurance companies that offer discounts for driver's education classes, good grades, and driving logs; third, as you are insuring teenage drivers, your premiums will be lower if the drivers are occasional drivers; fourth, teenagers have a high
accident rate, so consider purchasing high liability coverage and lower comprehensive coverage; and fourth, the type
of car teenagers drive — whether it is new, sporty, or exotic — will also determine the premiums.
I have made a good number
of mistakes in my time — ones that have
cost me a pretty penny: a
car accident, getting towed, holding awful mutual funds for years, along with some other mistakes that I have blocked out to protect my sanity.
They are more concerned with the claims history
of a particular type
of vehicle,
car's
accident frequency, vandalism and theft frequency, repair
costs and safety ratings
of the
cars.
In the case
of a
car accident, having a low $ 100 deductible is not really a big benefit since the
cost of replacing a
car can run well into the tens
of thousands.
Let's assume you get involved in an
accident which cause serious damage to your
car and the
cost of repair is is $ 2,750.
Basic pet plans cover the
costs of accidents (like being hit by a
car) and some common illnesses like eye and ear infections.
Rental Reimbursement repays you for the
cost of renting a
car while your bike is in the shop being repaired due to a covered
accident — up to 30 days.
The factors that affect your
costs include whether your
car is new or used, the overall safety rating
of the
car, your driving record, your age and gender, and even your ZIP code, as certain areas tend to have a higher occurrence
of accidents and claims than others.
Car insurance provides you with financial protection to protect you from the
costs of an
accident.
American Express covers any theft or damage
of a rental
car with the former insurance plan (exempting the cardholder from having to sign an additional insurance waiver at
car rental checkout); Amex covers any potential
costs involved with a common carrier
accident involving planes, trains, etc with the latter insurance plan.
If you have an
accident and it was your fault you can claim the
cost of repairing your
car and any other damage you may cause to a third party.
Gap Insurance: If you're involved in an
accident, your collision policy will typically only cover the
cost of your
car up to its actual cash value, which may be less than what you owe on a loan or lease.
«Dear Steve, My boyfriend was in a
car accident and went to the ER with chest pain immediately after it — we thought the insurance company would cover the
cost of the ER visit because the other driver...
Even if you are at fault for the
accident, your collision coverage will reimburse you for the
costs of repairing your
car, minus the deductible.
If your rental
car is involved in an
accident or damaged by theft, Chase will cover the
cost up to the cash value
of the rental
car.
If a
car accident forces you to cancel your anniversary trip to Paris, your card may reimburse part or all
of your trip
cost.
COST OF PRIVATE OR CUSTOM JOURNEYS DO NOT INCLUDE THE FOLLOWING ITEMS: Air transportation; airport taxes; passport and visa expenses; gratuities; laundry, alcohol, all items of a personal nature; expenses of guides, buses or cars for sightseeing booked in addition to those included in the itinerary; excessive baggage charges; health, accident, baggage, trip cancellation insurance; and other items not mentioned as being include
OF PRIVATE OR CUSTOM JOURNEYS DO NOT INCLUDE THE FOLLOWING ITEMS: Air transportation; airport taxes; passport and visa expenses; gratuities; laundry, alcohol, all items
of a personal nature; expenses of guides, buses or cars for sightseeing booked in addition to those included in the itinerary; excessive baggage charges; health, accident, baggage, trip cancellation insurance; and other items not mentioned as being include
of a personal nature; expenses
of guides, buses or cars for sightseeing booked in addition to those included in the itinerary; excessive baggage charges; health, accident, baggage, trip cancellation insurance; and other items not mentioned as being include
of guides, buses or
cars for sightseeing booked in addition to those included in the itinerary; excessive baggage charges; health,
accident, baggage, trip cancellation insurance; and other items not mentioned as being included.
Reasonable
cost or repairs or the cash value
of the rental
car, whichever is less, up to $ 100,000, if a rental
car paid for in full with your Citi Executive AAdvantage card is damaged by an
accident while a covered person is driving, damaged by a natural disaster or vandalism or stolen.
In this framework,
costs and benefits
of car and bicycle, the two major urban transport modes, have been assessed and are compared across
accidents, climate change, health, and travel time.
I am very, very afraid that by the time we begin to address the issue in any sort
of meaningful, intelligent way, the
cost of action will be ridiculously and unnecessarily high, much as buying a new
car is more expensive than bothering to fix the brakes on your old
car before they cause an
accident that totals the vehicle.
Consulting giant McKinsey & Company, however, predicts that driverless
cars could reduce
accidents by a stunning 90 per cent and shave billions
of dollars off the medical
costs related to crashes.
If you're worried about being able to pay for the
costs of suing someone after an
accident, remember that a good
car accident attorney doesn't charge upfront fees.
Through a tort claim,
car accident victims whose brain injuries, are caused by the careless behavior
of another person, are eligible to receive compensation for their losses and the
costs of future care from the at fault drivers insurance company.
At least one insurance report found that, in 2013, the average
cost of a bodily injury claim after a
car accident exceeded $ 15,000.
While some
costs can be established with a fair amount
of certainty, other amounts are open to interpretation: for example, how does one place a monetary value on the permanent disfigurement
of a face, or evaluate how much money a student would have earned in the workforce if not for a brain injury suffered, perhaps, in a
car accident?
An experienced Boise
car accident head injury lawyer from our office can help you seek compensation so that you won't have to carry the burden
of these
costs alone.
Because
of the financial
costs and quality -
of - life implications
of such an injury, you will need an experienced Boise
car accident head injury lawyer from Craig Swapp & Associates to ensure you get the compensation you deserve.
Regardless
of the severity
of your injury, you should not be required to incur the financial
cost and emotional pain
of a
car accident alone.
As an example, if you sustained soft - tissue injuries in a
car accident that typically
cost around $ 3,000 to treat but instead ran up chiropractic bills
of $ 5,000, an insurance adjuster may only agree to pay you $ 3,000.
If you or a loved one has recently been involved in any kind
of New Mexico
car or truck
accident, you may be entitled to monetary compensation to help you recover the
costs you have expended on medical treatment.