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How Car Accident Loans Work

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2. Review

We’ll contact your attorney, gather some details and review your case

3. Fund

Funds can be deposited in your account within 1-24 hours of approval

Car Accident LoansBeing in an auto accident is nearly inevitable for most Americans. According to insurance company studies, 77 percent of American drivers have been involved in at least one automobile accident. On average, a driver files an insurance claim due to a car crash every 17.9 years. This means most drivers will be involved in two to three auto accidents during their adulthood. If you are recently involved in an accident, you may have heard about car accident loans, but you don’t know if you qualify for one or how to get one.

Though insurance coverage provides drivers some protection, sometimes filing a lawsuit is necessary for an injured party to fully recover their damages. This process can be stressful and is often accompanied by financial struggles. However, car accident loans are a potential source of financial relief during this time that should not be overlooked by plaintiffs who want to take back control of their financial futures.

The Latest Car Accident Facts You Need to Know​

Discovering the cause of a car accident is important because it may help establish who is liable for the resulting injuries and property damage. The below paragraphs discuss some of the most common causes of a car crash.

Distracted Driving

Driver distraction happens when drivers give attention to another activity instead of fully focusing on the task of driving. On average, nine people are killed, and 1,000 people are injured every day in the U.S. in auto accidents caused by distracted drivers. In 2018, 15% of injury crashes and 8% of fatal crashes were caused by driver distraction. This resulted in 2,841 fatalities and an estimated 400,000 injuries.

Driver Intoxication​

The 2018 National Survey on Drug Use and Health (NSDUH) reported that 20.5 million people who were at least 16 years old in 2018 drove under the influence of alcohol and 12.6 million drove under the influence of illicit drugs. While it is illegal in all 50 states to drive with a blood alcohol content (BAC) of 0.8 g/dL or higher, around 33% of all traffic crash fatalities in the U.S. involve accidents with drivers who were found to be over this limit. In 2018, these crashes killed 10,511 people. In fact, during the decade spanning 2009-2018, more than 10,000 people annually died in drunk driving accidents.


Over the past twenty years, speeding has been involved in approximately one-third of all motor vehicle fatalities.

Road Rage

Road rage contributes to about 0.8 percent of auto accidents. However, since the U.S. sees about 6 million automobile accidents annually, this means road rage is a factor in about 48,000 accidents per year.

Fatal Accidents​

In 2018, there were 33,654 fatal motor vehicle crashes in the United States. These accidents caused 36,560 fatalities and made motor vehicle crashes a big factor in one of the major causes of death in the U.S.

Population, Fatal Accidents, Number of Accident Deaths, and Accident Rate Deaths per State in 2018
State Population Vehicles Miles Traveled (Millions) Fatal Crashes Deaths Deaths per 100,000 population
Alabama 4,887,871 71,167 876 953 19.5
Alaska 737,438 5,487 69 80 10.8
Arizona 7,171,646 66,145 916 1,010 14.1
Arkansas 3,013,825 36,675 452 516 17.1
California 39,557,045 348,796 3,259 3,563 9.0
Colorado 5,695,564 53,954 588 632 11.1
Connecticut 3,552,665 31,596 276 294 8.2
Delaware 967,171 10,179 104 111 11.5
District of Columbia 702,455 3,691 30 31 4.4
Florida 21,299,325 221,816 2,915 3,133 14.7
Georgia 10,519,475 131,456 1,407 1,504 14.3
Hawaii 1,420,491 10,887 110 117 8.2
Idaho 1,754,208 17,709 212 231 13.2
Illinois 12,741,080 107,954 948 1,031 8.1
Indiana 6,691,878 81,529 774 858 12.8
Iowa 3,186,145 33,282 291 318 10.1
Kansas 2,911,505 32,190 366 404 13.9
Kentucky 4,468,402 49,544 664 524 16.2
Louisiana 4,659,978 50,045 716 768 16.5
Maine 1,338,404 14,764 128 137 10.2
Maryland 6,042,718 59,775 474 501 8.3
Massachusetts 6,902,149 66,752 343 360 5.2
Michigan 9,995,915 102,398 905 974 9.7
Minnesota 5,611,179 60,438 349 381 6.8
Mississippi 2,986,530 40,730 597 664 22.2
Missouri 6,186,452 76,595 648 921 15.0
Montana 1,062,305 12,700 168 182 17.1
Nebraska 1,929,268 20,975 201 230 11.9
Nevada 3,034,392 28,319 300 330 10.9
New Hampshire 1,356,458 13,776 134 147 10.8
New Jersey 8,908,520 77,539 525 564 6.3
New Mexico 2,095,428 27,288 350 391 18.7
New York 19,542,209 123,510 889 943 4.8
North Carolina 10,383,620 121,127 1,321 1,437 13.8
North Dakota 760,077 9,856 95 105 13.8
Ohio 11,689,442 114,474 996 1,068 9.1
Oklahoma 3,943,079 45,433 603 655 16.6
Oregon 4,190,713 36,648 450 506 12.1
Pennsylvania 12,807,060 102,109 1,103 1,190 9.3
Rhode Island 1,057,315 8,009 56 59 5.6
South Carolina 5,064,127 56,801 970 1,037 20.4
South Dakota 882,235 9,719 110 130 14.7
Tennessee 6,770,010 81,321 974 1,041 15.4
Texas 28,701,645 282,037 3,305 3,642 12.7
Utah 3,161,105 32,069 237 260 8.2
Vermont 626,299 7,346 60 68 10.9
Virginia 8,517,685 85,336 778 820 9.6
Washington 7,535,591 62,367 497 546 7.2
West Virginia 1,805,832 19,447 265 294 16.3
Wisconsin 5,813,568 65,885 530 588 10.1
Wyoming 577,737 10,438 100 111 19.2
U.S. total 327,167,434 3,240,323 33,654 36,560 11.2


The fatality rate varies from state to state based on factors including population and vehicle miles traveled.​

Because fatal crashes are so serious, a wrongful death lawsuit is often the result. Insurance companies may not cover claims like loss of companionship, affection, and support, which forces the family of the deceased to file a lawsuit to recover these damages.


Car Accident Lawsuits

Car accident lawsuits are one of the most frequently filed cases in the United States. It’s estimated that they make up more than half of the tort lawsuits filed each year and around two-thirds of all the personal injury claims.

Interesting Facts About U.S. Auto Accidents and Lawsuits​

Interesting Facts About U.S. Auto Accidents and Lawsuits​


60% of tort cases filed in 20 U.S. states in 2016 were automobile cases.

How Much Should You Expect from a Car Accident Settlement? ​

Every case is different, so it can be hard to predict what you may recover in your auto accident lawsuit. Serious accidents or crashes where one party was clearly at fault are typically worth more.

In determining the value of your case, your attorney will likely consider the four main types of damages available in a car wreck lawsuit:

  • Compensatory Damages: These pay you back directly for your losses. Examples include medical expenses, lost wages, and repair costs.
  • Consequential Damages: These are damages that are foreseeable consequences of the defendant’s negligence. One example is lost future earnings due to injury.
  • Punitive Damages: Though it’s not typical, in cases where the defendant’s behavior was particularly bad, the court may award these damages to deter further bad conduct.
  • Fees and Costs: Some states permit the winning party to recover their attorney’s fees and litigation costs if the losing party’s case was frivolous.

Can You Get a Loan on a Car Accident Settlement?​

Yes. You can apply for a  car accident loan. This type of funding could more accurately be called a car accident cash advance. It is provided by a funding company like TriMark and is based on the money you expect from the lawsuit, whether from a settlement or a favorable verdict at trial.

When you file a lawsuit, you may have a plan for getting by until it settles. However, these plans are often thwarted when everything takes longer than you expected. Delays can occur during almost any stage of the lawsuit, despite the scheduling order and court date.

Car Accident Lawsuit Roadmap

In the meantime, you may be juggling your everyday bills as well as extra expenses due to your accident like medical bills, prescriptions, co-pays, etc. Your injuries may prevent you from working for longer than you expected, or you may even have lost your job due to the accident. As a result, your financial state deteriorates. While you struggle with making payments, you may fear being unable to afford your medical care or other consequences like repossession, eviction, and foreclosure. If you find yourself in this situation, you can seek car accident lawsuit funding once you filed your case.

Car accident lawsuit loans can provide a financial lifeline to plaintiffs who need funds urgently. ​

What are the Benefits of Auto Accident Pre-Settlement Loans?​

When compared to other available options, car accident loans offer several attractive benefits to plaintiffs who are struggling with money while their lawsuits are pending:

  • Easy application process: Plaintiffs can apply online from anywhere; it only takes a moment. Apply in just a few minutes by filling out a simple online form.
  • No credit check: Because the advance is based on the value of your lawsuit instead of your personal credit history, it doesn’t require a credit check and you don’t need a good credit score to qualify.
  • Quick decision and payment: Your application can be reviewed and funded in as quickly as 24 hours, getting cash into your hands much more quickly than a traditional loan.
  • Non-recourse loans: Car accident loans are non-recourse. This means that in the event your lawsuit is not settled or decided in your favor, you do not have to pay the funding company back for your advance.
  • No payments until recovery: Funding companies don’t require you to pay back your cash advance from your car accident settlement until you have the money from the recovery. This is a big advantage over other emergency sources of funding like credit cards or personal loans which require payments on a schedule, regardless of whether your lawsuit is still pending.

Car accident legal loans are non-recourse. This means that in the event your lawsuit is not settled or decided in your favor, you do not have to pay the funding company back for your advance.​

What Types of Vehicle Accidents are Eligible for Legal Funding?​

Lawsuit cash advances are also available for cases involving other types of vehicles. In fact, it’s common for cases to involve more than one type of vehicle or for pedestrians or bicyclists to be parties to the lawsuit as well.

Motor Vehicle Accidents​

In the United States, more than 2 million people are typically injured each year in motor vehicle accidents. Even when taking into account population size, miles traveled, and the total number of registered vehicles, the U.S. consistently has many more annual motor vehicle accident fatalities when compared to other high-income countries. Not using a seat belt or proper child safety seat, speeding, drunk driving, and distracted driving are all thought to be major risk factors for these fatal crashes. Auto collisions involving pedestrians, motorcycles, semi-trucks, and trains also contribute to the high fatality rate.

Drunk Driving Accidents​

Based on data from 2018, there’s one alcohol-impaired-driving fatality approximately every 50 minutes. Car accident lawsuits involving drunk driving often have higher values since they are frequently more serious and because the plaintiff may be awarded punitive damages.

Motorcycle Accidents​

Because they often have such serious consequences, motorcycle crashes frequently result in lawsuits. Motorcyclists are about 28 times as likely as passenger car occupants to die in a motor vehicle traffic crash. Even though only about 3% of registered vehicles are motorcycles, motorcyclists represent 14% of all fatalities.

Pedestrian Accidents​

Though many types of motor vehicle accidents have declined in recent years, serious accidents involving pedestrians have increased. In 2018, more than 6,000 pedestrians were killed nationwide.

Semi-truck Accidents​

Due to their greater size and weight, semi-trucks can be a destructive force when involved in accidents with passenger vehicles. In 2017, almost 8% of nonfatal crashes and 13% of fatal crashes nationwide involved at least one large truck such as a semi-truck or bus.

Train Accidents​

Train accidents often involve serious harm. Motorists are almost 20 times more likely to die if they are in a crash with a train instead of another motor vehicle.

Motor vehicle, drunk driving, motorcycle, pedestrian, semi-truck, and train accidents are eligible for car accident settlement loans. ​

Got More Questions About Car Accident Loans?​

Call us now to discuss your case

Now that you’ve learned about how car accident loans can help plaintiffs with urgent financial assistance, let us know if you’re ready to take the next step. Contact us for more information.

You can complete an application online or just call us toll-free at 1-(877) 932-2628 and one of our litigation funding specialists will take your information right over the phone.

So what are you waiting for?​

Call Now (877) 932-2628

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