Apr 5 2016 0

Car accidents cost nearly $1 trillion per year, study shows

According to a recent report by the National Highway Transportation Safety Administration, motor vehicle accidents in the United States cost an astonishing $871 billion in the course of just one year in 2010. This was the equivalent of about 2 percent of the nation’s gross domestic product that year, according to an Associated Press article on the study.

In its analysis of U.S. vehicle accidents in 2010, the NHTSA found that there were a total of 32,999 fatalities resulting from car and truck crashes that year, in addition to 3.9 million non-fatal injuries. In addition, 24 million vehicles were damaged in collisions. The report indicates that these levels were similar to those seen during other years in the United States.

Oklahoma crash statistics

That same year in Oklahoma, there were a total of 69,807 reported traffic accidents, resulting in 668 deaths and 36,549 injuries. Nearly 3,000 of those injuries were severe enough to be categorized as incapacitating by the Oklahoma Highway Safety Office. This means that the injury prevented the individual from functioning normally in his or her normal activities, such as walking, driving or going to work.

According to the NHTSA report, impaired driving and speeding each accounted for about one-fourth of all crash-related costs in 2010, at $199 billion and $210 billion respectively. Distracted driving was another major cause of traffic collisions, making up about 15 percent of crash-related costs at $129 billion.

When calculating the cost of car accidents for the report, the NHTSA incorporated a wide range of factors, such as:

  • Loss of work and productivity
  • Medical and rehabilitative care
  • Damage to property
  • Legal expenses
  • Emergency services
  • Insurance administration

NHTSA administrator David Friedman says the findings demonstrate the importance of safety programs aimed at discouraging impaired driving, distracted driving and other risky driving behaviors.

Crash victims may have legal remedies

People who are injured in traffic accidents in Oklahoma are often able to receive monetary compensation for the losses they suffer as a result of the crash, such as lost wages, replacement household services, medical bills and more. Likewise, when a person suffers fatal injuries as a result of an Oklahoma car accident, certain surviving family members may also be entitled to compensation for the financial damages they have suffered, including funeral and burial expenses and loss of financial support.

If you are interested in learning more about your legal rights and options for pursuing compensation after a crash in Oklahoma, schedule a consultation with Kent R. McGuire by calling 405-513-5658 today.

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