Costs of Motor Vehicle Accidents Over $99 Billion

Costs of Motor Vehicle Accidents Over $99 Billion

Costs of Motor Vehicle Accidents Over $99 Billion

Each year the combined costs of lost productivity and medical care for injuries caused by motor vehicle accidents add up to more than $99 billion, according to a recently released study from the Centers for Disease Control and Prevention. This annual cost equals roughly $500 per licensed driver in the country.

The study, published in the Traffic Injury Prevention journal, included the costs associated with accidents involving all kinds of vehicles, including cars and motorcycles, and pedestrians and bicyclists as well. The data used in the study was gathered in 2005, but researchers believe that the costs have not gone down since that time.

Almost 40,000 die in car related accidents each year, with a new patient being admitted to the emergency with an accident related injury every 10 seconds. While many people already understand the physical dangers and losses caused by car crashes, the CDC wanted to highlight the fiscal damage that these accidents cause.

Motor vehicle accidents involving a fatality cost $58 billion, and $28 billion was spent on non-fatal injuries. Men make up nearly three fourths of the people killed by car accidents, and over half of those injured. Teens and young adults account for 28 percent of all combined car accidents, and create $31 billion of the cost. Pedestrians of both genders and all age groups only accounted for 5 percent of the injuries, but due to the lack of protective gear they generated 10 percent of the costs.

The CDC is also working on methods for reducing motor vehicle accidents. These strategies include:

-Graduated Driver Licensing: states that limit young drivers to practicing in lower risk driving situations, like daytime and good weather driving, have shown as much as a 40 percent decrease in accidents involving 16 year old drivers.

-Seat Belt Enforcement: programs designed to enforce seat belt use save lives and prevent serious injuries by raising the percentage of drivers using their seat belts.

Log in