The High Cost of Traffic Accidents

Nov 09, 2011
According to a new report by AAA, traffic crashes are responsible for an annual societal cost of $299.5 billion, more than three times the $97.7 billion cost of traffic congestion.  

AAA's report found that crashes cost each person in the US $1,522 annually. The figure is based on the Federal Highway Administration's comprehensive costs for traffic fatalities and injuries that assign a dollar value to a variety of components, including medical and emergency services, lost earnings and household production, property damage, and lost quality of life, among other things.

"This report further underscores the importance of a long-term, multi-year federal transportation bill that will provide the necessary and sustained investments that lead to better and safer roads for all Americans," Jim Lardear, director of public and government affairs for AAA Mid-Atlantic told Automotive Fleet. Lardear also said funding is needed for safety improvements like guide rails, reflective pavement markers, and improved signs and signals.

"Almost 33,000 people – 635 per week – die on U.S. roadways each year and that's unacceptable," said Lardear. "While the decline in traffic fatalities in recent years signifies a positive trend, our work is far from over. Continued progress will require active and focused leadership, improved communication and collaboration, and an investment in data collection and evaluation to make sure we're addressing the nation's most serious safety challenges."

Do your part for safety by making sure your drivers are well-educated on the rules of the road and have the most up-to-date safety measures available to them. You’ll not only save money, you’ll save lives.

Photo courtesy of Ted Kerwin and re-used under the Creative Commons license.