The Economic Toll of Car Crashes

A recent National Highway Traffic Safety Administration study looked up the economic impact of automobile accidents. The study concluded that the overall economic toll from car wrecks is almost $1 billion dollars. The actual cost of accidents was $237 billion dollars while another $594 billion dollars was attributed to the loss of life as well as the result injuries have on quality of life issues. The report concluded that drunk driving, speeding, and distractions were the key contributors. On a bright note, the study concluded that driving cars has never been safer. In 2011, 32,367 people died in U.S. automobile accidents. This was the lowest rate since 1949.

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