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Vehicle Accidents Account for $871 Billion in Costs to the U.S.

//Vehicle Accidents Account for $871 Billion in Costs to the U.S.

Vehicle Accidents Account for $871 Billion in Costs to the U.S.

By David Mittleman

The High Cost of Car Crashes

Car crashes obviously have a physical toll, but a recent National Highway Traffic Safety Administration study found that car accidents also have a large economic toll on the U.S. In fact, the study suggests that car accidents cost an estimated $871 billion per year in economic loss as well as societal harm. The total includes $277 billion in economic costs and $594 billion in costs related to life-long injuries, loss of life, and chronic pain. Because of the steep costs, the NHTSA is urging for continued research to develop safety …read more

2014-06-01T20:13:00+00:00 Blog|