Private Insurance Auto Accident Loans

With millions of private car accidents per year, the road has the potential to be extremely deadly. According to the Insurance Information Institute, there were a total of 36,120 motor vehicle deaths in 2018 alone. This number does not account for crashes that did not result in death. There are many more accidents that have moderate to severe injuries.

Accidents happen. According to the Federal Highway Administration, an average American will drive a total of 13,476 miles per year. That’s a lot of time spent on the road, and as a result, there is a moderate likelihood that you will be in an accident.

Don’t let an accident completely derail your life. If you or a loved one has been in an accident with a privately owned vehicle, seek fair compensation with a lawsuit loan from Provident. With lawsuit loans from Provident, you will be able to stay on your case longer, and as a result, you can get a larger settlement. With our pre-settlement loans, you will get the lowest rates possible and keep the largest portion of your personal injury settlement. Apply now and receive your car accident loans within 24 hours of approval.

Approval factors for private vehicle accidents

There are three key factors that influence the likelihood of you receiving legal funding from Provident for your car accident. They are liability, insurance, and damages.

Qualification is granted on a case-by-case basis because we understand how difficult battling a personal injury case is and every case is different. We always aim to get you your cash advance within 24 hours of approval. If a different pre-settlement company has offered you a cash advance, send us the legal funding contract. We guarantee we can beat their car accident loan contract and offer better rates.

Below we will detail how each of the listed items influences the likelihood of you receiving a lawsuit loan.


In order to qualify for a lawsuit loan from Provident, there has to be a clear liability in your case. Liability is who is at fault for the case or who is responsible.

Each state has different standards for what constitutes liability. Depending on the state, you will have to follow one of these guidelines for liability

  • Comparative negligence 50% threshold – if you are 50% or more at fault you cannot seek compensation
  • Comparative negligence 51% threshold – if you are 51% or more at fault you cannot seek compensation
  • Pure comparative negligence – the amount you are at fault for the accident is removed from your settlement
  • Contributory negligence – if you are found even a little at fault for the accident you cannot seek compensation
  • Personal Injury protection PIP – you may only seek compensation if your injuries exceed the amount covered by PIP

Depending on the state you live in, the qualifiers for the fault will be different. In order to qualify for legal funding with Provident, you have to be majorly not at fault, with liability clearly being on the other party


The amount you can seek in recovery is directly tied to their insurance policy. Typically, the maximum amount you can recover is tied to the policy limits. Therefore in order to qualify for a lawsuit loan with Provident, the defendant must have insurance, or you, the plaintiff must have UM coverage.


In order to have access to a cash advance from Provident, you must have sustained some form of damages – whether that is in a physical injury or financial damages. Minor injuries to major surgeries all qualify you for legal funding. This is equally the same if due to the accidents you are left unable to work.

National statistics

Car accidents are one of the most frequent accidents to take place in the United States. Below we have detailed the statistics regarding car accidents in the United States.

In 2019 there were a total of 36,120 fatal car crashes. This means that per 100 million miles driven, at least 1 person died.

In 2018 there were a total of 6,734,000 motor vehicle crashes. Of these 33,654 were fatal and 1,894,000 caused injuries that were not fatal. 4,807,000 of the accidents were property damage only.

In 2018 speeding was the leading cause of car accidents, accounting for 8,596 or 16.7% of all crashes. Drinking while under the influence is a close second, accounting for 5,175 or 10.1% of all crashes.

From data collected in 2017, we know that 50 percent of all accidents happen on Friday Saturday or Sunday. July is the month that accidents occur the most frequently. This is followed by September.

Common causes for car accidents

Car accidents happen often. Below we have listed a few reasons why:

  • Drowsy or sleepy driving – falling asleep, even if for a few seconds, while driving
  • Speeding – racing or driving far above the speed limit
  • Distracted driving – texting, talking, eating, or drinking while driving
  • Poor weather conditions – driving in heavy rain, snow, hail
  • Trying to make changing lights – speeding up in order to make a light before it changes

As stated early, drowsy driving is the leading cause of car accidents in the United States. If you are feeling sleepy, it is better to pull over and take a nap than drive.

How to prevent a car accident

To a certain degree, there is not much you can do to prevent other people from causing accidents. The most you can hope to do is be wary of your surroundings and act accordingly.

Below we have listed some strategies on how to avoid causing an accident:

  • Vigilant – be vigilant while driving and avoid risky drivers
  • Responsible – if you feel sleepy pull over and take a nap
  • Speed limit – make sure you are driving within the speed limit
  • Changing lights – if a stoplight is changing, make sure you slow down do not attempt to make the light
  • Lights – if it is dark, make sure you have your headlights on

It is not possible to control what other people do and therefore there is no way to completely prevent an accident. However, if you are careful, you may be able to prevent being the cause of an accident.

Common injuries

Because car accidents happen so frequently, they have a wide range of potential injuries. Car accidents can range from minor fender benders to multiple car pile-ups.

Therefore below we have listed several injuries that may occur as a result of a variety of accidents.

Head-on collisions

  • Traumatic brain injury
  • Broken bones
  • Lacerations

Rear-end collisions

  • Whiplash
  • Soft tissue damage
  • Scarring
  • Spinal cord injury

Drowsy driving

  • Traumatic brain injury
  • Spinal cord injury
  • Broken bones

Hit and run accidents

  • Broken bones
  • Lacerations
  • Spinal cord injury

Below we have described what each of the injuries consists of:

  • Traumatic brain injury – injury in the brain that can result in permanent damage
  • Spinal cord injury – an injury to the spine that typically results in paralysis from the affected area down
  • Broken bones – bones are broken or shattered as a result of the impact
  • Lacerations – cuts from flying debris during the accident
  • Soft tissue damage – this can be whiplash, sprained body parts, and other injuries that do not require surgery
  • Scarring – scarring as a result of the accident also known as permanent disfigurement

These are just a few of the injuries that may be the result of a car accident. If you or a loved one has been in a car accident, you may want to seek compensation. If you do, we highly suggest you get a lawsuit loan.

Even when liability is clear, car accident cases can take months, sometimes years to settle. It is also possible that you are left unable to work with bills piling up. With lawsuit loans, you will be able to make ends meet.


Below we have answered some frequently asked questions about car accident lawsuit loans from Provident.

Is a private vehicle lawsuit loan like a traditional loan?

Car accident loans are not like traditional loans. While they may both have the word ‘loan’ in the name, both a lawsuit loan and a traditional loan function differently.

When you take out a traditional loan, there is a high likelihood that it will have extremely high interest rates. This is because most loans offer compounding rates. This means they charge on accumulated rates instead of the original fund amount. Additionally, you will have to pay the loan back regardless of whether or not you win your case.

Legal funding from Provident has low, non-compounding rates. Additionally, you only have to pay the pre-settlement funding back if you win your case. If you lose, you don’t owe us anything. This is the primary difference between pre-settlement funding and traditional loans. Lawsuit loans with Provident are completely non-recourse. This is similar to how most personal injury attorneys are paid. Repayment of the legal funding is dependent on the success of the lawsuit.

Do I need an attorney to qualify for car accident loans?

Due to the specific documentation, we require for lawsuit loans, an attorney is needed before you apply. Additionally, once you reach a settlement, your attorney will be the one responsible for the repayment of the cash advance. They will forward the agreed-upon portion of your settlement to us.

It is also important that you, the plaintiff, have someone on your side who can help you understand all of the legal jargon. While we will never try to overcharge you or have surprise fees, it would be best if you have someone completely on your side who can give you peace of mind.

Do I need to have a good credit score to qualify for cat accident loans?

Creditworthiness and employment history are not relevant for applying to a cash advance with Provident. This is because we grant legal funding based on the quality of your case. Your financial and employment history are not relevant to the process.

Our personal injury case managers will never ask for verification of your employment or your credit score. These items are not relevant when determining if you qualify for legal funding with Provident. If you have been in contact with a different company for car accident loans, and they are requesting a credit check, we suggest you stay away from that company. Legal funding should be granted based on the case, and not personal credit.


Here at Provident, we understand you are in an extremely difficult situation. You have been in an accident, and there is a chance you are no longer able to work. Sadly, bills continue to pile up and you have to make ends meet. This is where a lawsuit loan from Provident can help.

You’ll be able to make ends meet and have financial security. With low rates and non-compounding interests, we assure you that you will keep as much of your settlement as possible. We can get this critical cash advance to you within 24 hours of approval.

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