Cost of US Car Accidents Nearly $100 Billion Per Year

When car accidents occur, they always lead to several different costs that must be paid by someone, particularly if someone is injured as a result of a collision.  While many people estimated that on a national level, these costs were high, no one has done a complete study recently and attempted to quantify just what car accidents cost American drivers.  The United States Centers for Disease Control and Prevention (CDC) has just completed and released such a study, and the numbers involved are shocking.

The CDC looked at car accidents that occurred in the United States beginning in 2005, and they focused their analysis on the costs incurred when accidents led to injuries.  In their final analysis, car accidents in the United States cost a total of $99 billion.  The National Highway Traffic Safety Administration augmented this study by including the costs associated with higher insurance premiums that follow many car accidents as well as taxes and delay times that cost the economy productivity.  Their final figure stood at over $230 billion per year.  Overall, car accidents cost every American driver $500 per year.

Perspective on These Car Accident Statistics

Perhaps what was most surprising in terms of these conclusions was the expected trend regarding car accident fatalities.  As of now, car accidents are the ninth-highest cause of death of people around the world.  If the current trend of car accidents continues, car accidents will move into the number five spot in terms of cause of death, surpassing such causes of death as hypertensive heart disease and HIV/AIDS.

San Diego Car Accident Lawyers

Unfortunately, many people who are wrongfully injured in car accidents are the people who are forced to absorb the costs of their injuries.  If someone who is injured in a car accident brings a successful personal injury lawsuit, it could bring compensatory damages that cover expenses for medical costs, lost income and pain and suffering among other forms of damages.

If you or someone you love has been harmed in a crash, you need to seek the help of San Diego car accident lawyers who have been holding negligent and reckless drivers accountable for the harm they have caused for many years.  Contact Mitchell | Gilleon today to schedule a free initial consultation.

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