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NHTSA Study Shows Motor Vehicle Crashes Have $871 Billion Impact on U.S.

Posted on behalf of Harbin & Burnett on Jun 04, 2014 in Auto Accidents

cost of accidentsWhen a car accident happens, it can cost thousands of dollars to repair a vehicle, pay for medical expenses and cover lost wages. According to the National Highway Traffic Safety Administration (NHTSA), in 2010, the total cost for these accidents was $871 billion.

The amount stems from economic and societal costs, motor vehicle accidents cost each person in the United States about $900 each year. About $600 million the total costs come from injuries, pain and decreased quality of life due to injuries.

Some other key findings the NHTSA reported include:

  • About 18 percent of the total economic costs were due to accidents caused by drunk drivers. Costing the U.S. nearly 199 billion in 2010, more than 90 percent of these costs occurred in accidents involving a drunk driver with a blood alcohol concentration above the legal limit.
  • Speeding accidents accounted for 21 percent of the economic costs of motor vehicle accidents and were responsible for $210 billion due to loss of quality of life, injuries, damages and more.
  • Distracted driving accounted for about 17 percent of total economic loss and 15 percent of society harm.
  • Pedestrian and bicyclist accidents accounted for 7 percent of total economic costs and 10 percent of societal harm
  • Unbelted passenger injuries and fatalities were responsible for about 5 percent of total economic loss, however, seatbelt use prevented the loss of $69 billion.

Some factors that contribute to contribute to the economic costs include medical care, lost wages, property damage and more. Although the majority of these costs are paid through taxes, insurance and travel, the overall cost on society rather than the individual is over $200 billion.

If you or someone you love has been injured in a motor vehicle accident, contact the car accident lawyers at Harbin Law at (888)821-0247 to schedule a free legal consultation.

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