March 26, 2023

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Traffic Accidents Cost U.S. Hundreds of Billions of Dollars Per Year, NHTSA Reports

Traffic Accidents Cost U.S. Hundreds of Billions of Dollars Per Year, NHTSA Reports

Money Impacts of Automobile Accidents

In this new report, officers reviewed data from the NHTSA’s Fatality Evaluation Reporting System, Crash Investigation Sampling Program and the Crash Report Sampling Technique to estimate the cost of car incident crashes in 2019. Scientists then calculated in the average costs of auto accident related health-related expenditures, dropped efficiency, authorized and court prices, unexpected emergency services costs, insurance coverage administration prices, targeted traffic congestion fees, residence hurt, and workplace losses. Cumulatively, the believed economic impression of car crashes for 2019 totaled to $340 billion.

The charges trickled down to even those who had been not involved in the crashes, with NHTSA reporting folks not directly concerned in crashes shell out for around a few-quarters of all crash charges, which come in the variety of insurance coverage high quality raises, taxes, dropped time, excess fuel use, and elevated environmental impacts.

“Traffic crashes expense taxpayers $30 billion in 2019, approximately 9% of all motor car crash costs,” the NHTSA mentioned in a push release. “This is the equivalent of $230 in included taxes for every single domestic in the United States.”

Nevertheless, the report located that the high-quality of everyday living impacts had been much greater, with the societal hurt from motor auto crashes in 2019 becoming valued at $1.4 trillion.

Preventable Leads to of Car or truck Incidents

The report notes that about $224 billion of monetary fees from vehicle incidents were being brought on by dangerous driving behaviors, which contributed to crashes frequently primary to fatalities, significant accidents and residence problems.

  • Alcoholic beverages connected accidents accounted for 20% of all crash costs, resulting in 14,219 fatalities, 497,000 accidents, and $68.9 billion in financial expenditures.
  • Distracted driving accidents accounted for about 29% of all crash prices, causing 10,546 fatalities, 1.3 million nonfatal accidents, and $98.2 billion in financial fees.
  • Failure to dress in seat belts accounted for only about 3% of all crash prices but induced 2,400 avoidable fatalities, 46,000 critical accidents, and expense modern society $11 billion in conveniently preventable harm-related prices.
  • Speeding accounted for 14% of all financial expenses and was involved with 10,192 fatalities, 498,000 nonfatal accidents, and $46 billion in economic prices.

“This report drives dwelling just how devastating targeted visitors crashes are for families and the financial stress they put on society,” Ann Carlson, NHTSA’s Acting Administrator, stated in the push launch. “We require to use the secure procedure method embraced in DOT’s Nationwide Roadway Security Strategy to significantly minimize the amount and severity of crashes: safer roadways, safer people, safer motor vehicles, safer speeds, and improved submit-crash care.”