In New York, you have three (3) years from the date of the accident to file a lawsuit for pain and suffering and economic loss in a motor vehicle accident against third parties. In addition, you must file for no fault benefits, which includes reimbursement for lost wages and medical bills, within 30 days from the date of the accident. After this period expires, you lose the right to seek compensation. If you are communicating directly with the insurance company, the negotiation process may take several years. That is why having an experienced legal attorney by your side is crucial to filing a claim and securing a settlement. In New Jersey, you should file a motor vehicle claim within two years.