Motor Vehicle Crashes Have Cost $871 Billion

The National Highway Traffic Safety Administration (NHTSA) has recently issued a press release regarding the results of a study explaining the economic and society impacts of motor vehicle wrecks. Based on research from 2010 crash statistics, economic loss and societal harm cost the American people $871 billion. The study found that the economic costs alone cost each American person $900. Productivity losses, property damage, medical and rehabilitation costs, congestion costs, legal and court costs, emergency services, insurance administration costs and the costs to employers were all factored in when considering the total economic toll.

Increasing Safety on U.S. Roadways

U.S Transportation Secretary Anthony Foxx is quick to point out that no amount of money can replace the loss of a loved one. This study is being touted as the reason why advances in safety are so important on U.S. roadways. The study entitled The Economic and Societal Impact of Motor Vehicle Crashes, 2010 found a variety of behavioral factors that contributed to the 32,999 fatalities and 3.9 billion nonfatal injuries studied.

Five Safety Concerns for U.S. Motorists in 2014

• Drunk Driving
• Speeding
• Distraction
• Pedestrian and Bicyclist Safety
• Seatbelts

Who Pays the Bill?

Although nobody actually comes out and asks each American for $900 for motor vehicle crashes every year, you’re still paying for the societal and economic impacts somehow. About 75 percent of these costs were paid through taxes, insurance premiums and congestion-related costs such as travel delay, excess fuel consumption and the increase in environmental impacts. The economic cost for motor vehicle crashes was the equivalent to 1.9 percent of the $14.96 trillion Gross Domestic Product (GDP) in 2010.

Preventable Motor Vehicle Crashes

Since many of these costly motor vehicle crashes are due to preventable causes, like speeding, distracted driving and driving under the influence, there is something we can do about it! Raising awareness for seatbelt use, pedestrian safety and cyclist safety are great ways to increase safety on U.S. roadways. Additionally, drivers need to make a commitment to safe driving habits. That means never using electronic devices like smartphones and iPhones behind the wheel. Always pay attention to the task of driving, and never drive if you’ve been drinking. Motorists should note that buzzed driving is drunk driving. Improving roadway safety is everybody’s responsibility.

© Harris Personal Injury Lawyers, Inc. All Rights Reserved. Some images on this site are licensed under a Creative Commons Attribution Share-Alike 2.0 License and a Attribution 2.0 License. WP Maintenance