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Traffic accidents cost Americans $340 billion in 2019

NHTA latest research on the economic impact of vehicle crashes found that road crashes cost Americans $340 billion — or $1,035 per person — in 2019. The $340 billion figure represents 1.6 percent of U.S. GDP that year, and for by NHTSA estimates, do not really fully illustrate the cost of car accidents to society. When quality-of-life factors are included, the number skyrockets to $1.4 trillion. And all are preventable.

Here’s how the NHTSA report breaks down costs:

  • Market loss and household productivity: $106 billion
  • Property Damage: $115 billion
  • Medical expenses: 31 billion USD
  • Collision congestion, including travel delays, excessive fuel consumption, greenhouse gases and standard pollutants: $36 billion.
  • Other: 51.4 billion USD

Furthermore, NHTSA says each of the 36,500 deaths recorded in 2019 caused an economic loss of $1.6 million (or $11.3 million when looking at quality-of-life assessments). . The total number of deaths that year was significantly reduced compared with the most recent analysis (2010).

“This is an encouraging trend, and even more dramatic given the growing population and generally increasing travel rates over time,” the report said. “Some aspects of this decline may persist and even accelerate as older fleets are replaced by more modern vehicles with advanced safety features such as automated emergency systems. brake and other advanced collision avoidance systems.”

NHTSA says deaths have been fell to a new low in the years following the Great Recession, settling on a trend of nearly 5,000 deaths below pre-recession levels, but because these data pre-pandemic they do not reflect a spike in deaths at the end of 2020, 2021 and the beginning of 2022.

“Early indications of the impact of COVID are complex, reducing travel due to the shutdown of the economy, but enabling many skirunning “These effects are likely to be temporary, but the long-term impact of COVID on workplace habits, specifically by normalizing remote work, could have an impact,” NHTSA said. significantly more for traffic crashes in the coming years.”

Not your problem, say you? NHTSA said not so fast. And it’s not only Insurance money Insurance premiums and other related costs may affect non-participating motorists. Government organizations are funded with relevant taxpayer dollars at almost any level of a Car accidentand those will cost you money whether you join or not.

“Public revenue paid for about 9 percent of all motor vehicle accident costs, costing taxpayers $30 billion in 2019, equivalent to230 Alcohol-related accidents account for $69 billion or 20 percent of total economic costs. Alcohol is the cause of accidents in about 82% of these cases, the report said. $57 billion. Distracted driving accidents cost $98 billion in damage.”

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