Price Tag for Vehicle Crashes is $900 per Person, Federal Report Says | Edmunds.com
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Price Tag for Vehicle Crashes is $900 per Person, Federal Report Says


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Just the Facts:
  • Vehicle crashes cost the U.S. $871 billion a year in economic costs and societal harm or about $900 per person, according to a new federal study.
  • Speeding, drunk driving and distracted driving account for most of the damage.
  • Crashes involving a speeding vehicle accounted for 21 percent of the total economic loss and cost the nation $59 billion in 2010 or an average cost of $191 for every person in the U.S.

WASHINGTON Vehicle crashes cost the U.S. $871 billion a year in economic costs and societal harm or about $900 per person, according to a new federal study.

Speeding, drunk driving and distracted driving account for most of the damage.

Crashes involving a speeding vehicle accounted for 21 percent of the total economic loss and cost the nation $59 billion in 2010 or an average cost of $191 for every person in the U.S.

Crashes caused by drivers under the influence of alcohol accounted for 18 percent of the total economic loss and cost the nation $49 billion in 2010 or an average cost of $158 per person.

Distracted-driving crashes accounted for 17 percent of the total economic loss and cost the nation $46 billion in 2010, an average cost of $148 per person.

"While the economic and societal costs of crashes are staggering, (the) report clearly demonstrates that investments in safety are worth every penny used to reduce the frequency and severity of these tragic events," said U.S. Transportation Secretary Anthony Foxx in a statement on Thursday.

Federal safety regulators said the total includes $277 billion in economic costs and $594 billion in societal harm from the loss of life and the pain and decreased quality of life because of injuries.

Edmunds says: Some sobering statistics for car shoppers to consider as they ponder whether those advanced safety options are worth the money.

Comments

  • greenpony greenpony Posts:

    When I collided with a Camry this winter (other driver's fault), the total bill was over $10k.

  • csubowtie csubowtie Posts:

    I wish they could study how many wrecks are caused by stupidity, ignorance, and most importantly, lack of training. I've been in cars where the driver was doing some impresively stupid stuff (55 in a residential neighborhood, right as school lets out, for example). These drivers have absolutely no knowledge of things like the energy involved, how close they are to the cars limits, what happens when those limits are exceeded, and how much damage can be done. All they know is they can push the pedal harder, turn the wheel, and it has all worked (so far!!).

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