Car accidents have a tremendous cost to individuals and to families when a collision causes injury or fatalities. Motor vehicle collisions also have an aggregate cost to society. The National Highway Traffic Safety Administration (NHTSA) has recently published a study quantifying how much harm collisions can cause.

What is the Cost of Motor Vehicle Collisions?

While it is easy to determine the money spent on medical bills and lost income, there is no accurate measure for the pain and suffering resulting from a permanent injury or the loss of a loved one. Those who have been harmed deserve to be compensated.  Accident attorneys in Denver can help, so call Bell & Pollock, P.C. for assistance pursuing a claim for damages.

The Costs of Motor Vehicle Collisions

According to the NHTSA:

  • The economic costs of motor vehicle losses total nearly $900 for each person living in the United States.
  • Crashes have a total cost of $871 billion when factoring in both actual economic loss as well as overall harm to society. The economic costs are about $277 billion and the costs for societal harm are around $594 billion. Societal harm costs are determined by assessing the loss of life caused by collisions as well as the pain and decreased quality of life that cr