The National Highway Traffic Safety Administration (NHTSA) recently calculated how much money car accidents cost the country in 2010. The result is nothing short of "jaw-dropping."
Between the cleanup of the accident, the bills and insurance of those involved, the repairs to cars and roadways, and the lawsuits that followed the crashes, the United States lost $871 billion that year. This price was the result of 24 million damaged vehicles, 3.9 million injuries, and 32,999 deaths across the nation. This is about 2% of America's gross domestic product—the amount of money the country made in a year.
The NHTSA offered another perspective to understand this number: It's the equivalent of everyone in the U.S. paying $900. The NHTSA calculates these statistics once every decade, so we won't know until 2020 whether conditions are improving.
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As if the pain and complications weren't enough, numbers like these can make recovering from an accident feel hopeless. Don't give up—call Edgar Snyder & Associates. If you were hurt in a car crash, you may have a case.
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Source: "Motor Vehicle Crashes Cost U.S. $871 Billion in 2010." The Associated Press. May 30, 2014.