The True Cost of Car Accidents in Albuquerque

man wondering what to do after car accident

Suffering injuries in a car accident can have consequences many people never expect to endure. In addition to the physical pain of the injury, accident victims often suffer destabilizing mental health challenges and a reduced quality of life. The collective cost of these losses can be overwhelming. With that in mind, here is everything you need to know about the true cost of car accidents in New Mexico.

Economic Costs

The category of economic costs encompasses all of the consequences of a car accident that lead directly to financial losses for the victim. Economic costs of car accidents in Albuquerque include the following:

Medical Expenses

Among the costliest financial losses for those with car accident injuries in Albuquerque are medical expenses, which often include:

  • Ambulance services
  • Emergency room visits
  • Doctor’s appointments
  • Diagnostic tests, such as X-rays, MRIs, and CTs
  • Surgical procedures
  • Medications

Keep your medical records and bills after an accident to help prove these losses.

Future Medical Care

When many car accident victims file their claims, they have not yet fully recovered from their injuries. As such, they do not know the full cost of the future medical care they will require. Consulting with a knowledgeable Albuquerque car accident attorney can help you understand how much money you might be eligible to claim for the medical care your injuries might require.

Disability Accommodations

If your injuries lead to a long-term or lifelong disability, you might need to make changes to your living and working environments to accommodate your limitations. These changes might involve the installation of ramps or other accessibility features and vehicle modifications, which can come at a significant expense.

Property Damage

A severe accident could total your vehicle or cause extensive damage that requires expensive repairs.

Replacement Services

If you cannot use your vehicle after an accident, you may have to pay for a rental car, taxi rides, or public transportation. You might also need extra help in the form of cooking, cleaning, and childcare while you recover. An Albuquerque car accident lawyer can help you recover these expenses.

Lost Income

Many car accident injuries temporarily or permanently prevent people from returning to work, which can cause a loss of wages, salary, benefits, bonuses, and promotions.

Psychological Impact

Car accidents can also have devastating psychological costs, such as the following:

  • Depression
  • Anxiety
  • PTSD
  • Other Mental Health Problems

The trauma of experiencing a car accident and the reality of living with injuries can lead to debilitating consequences on a victim’s mental health.

Social Impact

Some injuries prevent victims from connecting with friends and family in the way they were able to before the accident. This separation can have a debilitating effect on their mental health and quality of life.

Fear of Driving

Many people who survive car accidents experience a crippling phobia of being in a car, which can cause problems for those who need to drive to work or school or run errands.

Effect on Family

Family members, especially spouses, often experience severe difficulties due to the sudden shift in their relationships with car accident victims.

Contact Parnall Law Today

An experienced Albuquerque car accident lawyer can calculate the full value of your compensable losses after a tragic accident. The attorneys at Parnall Law are ready to fight for the car accident compensation you deserve. Contact us today for a free consultation to learn more about how we can help you.

How we’ve helped former car accident clients: