Even though injuries and deaths are the worst part of motor vehicle accidents, there is something else to consider: the price paid by the economy as a whole.
According to data provided by the National Highway Traffic Safety Administration, motor vehicle accidents cost the country approximately $1 trillion in loss of life and productivity in 2010.
The Rocky Mountain Insurance Information Association shared additional information regarding the cost of such accidents, noting the following:
- In 2013, the average insurance comprehensive claim was $1,621. The average collision claim was $3,144.
- In 2013, the average auto liability claim for bodily injury was $15,443. The average liability claim for property damage was $3,231.
The cost of a motor vehicle accident goes well beyond what you see on the surface. Even if there are no injuries or deaths, it still costs somebody money.
If a person is injured in any type of on the road accident, they should learn more about their legal rights and how to collect the compensation they deserve.