Some financial consequences of car accidents are quite obvious. You may have to spend money to get the car fixed and pay your medical bills. If the accident resulted in a totaled car, you may also have to pay all or part of the cost of buying a new vehicle. However, many less obvious financial consequences exist as well.
For example, if you are injured and cannot work, you may lose income. You may also have to pay for physical therapy if you are having trouble recovering from your injuries or spend money on psychiatric treatment if the accident caused emotional trauma.