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 crashes can cause.
  • Around 18 percent of total economic losses resulting from motor vehicle collisions happen in accidents caused by drunk drivers.  The economic loss from DUI accidents is around $49 billion, which is $158 for each person in the United States.
  • Around 23 percent of all costs associated with societal harm occur in drunk driving collisions. These accidents account for about $199 billion in societal costs.
  • An estimated 21 percent of total economic loss resulting from collisions occurs as a result of speeding. Drivers who go too fast and who cause wrecks cost the nation $59 billion in economic damages in a single year. This is the equivalent of $191 per person in the United States.
  • Around 24 percent of all societal harm caused by motor vehicle crashes was caused by speeding. When lost quality of life and other societal costs were considered, speeding accidents had a price tag of $210 billion.
  • Around 17 percent of total economic loss from collisions in the U.S. resulted from driver distraction.  The economic loss caused by distracted drivers totaled more than $46 billion, or an average of $148 per person in the U.S.
  • Around 15 percent of societal harm costs were caused by distracted driving.  The dollar value of the losses was set at $129 billion.

This data clearly shows that if motorists would simply stop doing these three extremely dangerous behaviors, the cost of collisions would be billions of dollars less.  Motorists also need to buckle up, as a lack of seat belt use among some motorists resulted in $14 billion in economic loss and $72 billion in lost quality of life.

The drivers who make the dangerous choices need to be held accountable so injured victims and their family members are not left to cope with financial problems and uncompensated losses while also focusing on recovery or grieving a death.  An attorney can help to hold dangerous drivers responsible.

Contact Bell & Pollock at (877) 744-5900  to schedule a consultation with a personal injury lawyer in Denver.