• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
(979) 543-8884 | (844) 399-1212

How Can We Help You?

Home
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
    • Flood
    • Health
    • Homeowners
    • Life
    • Personal Umbrella Insurance
    • Renters
    • Watercraft & Boat
  • Blog
  • Resources
    • Secure File Area
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About Rod Insurance Group
    • Our Locations
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter



Have an insurance agent at your fingertips with the INSURANCE AGENT APP.

24/7 access to easily manage your insurance on your own time: ID Cards, Bill Pay, Claims Reporting, Change Request, etc...


Auto Insurance EMPLOYEE BENEFITS

Provide your company and your employees with the best benefits.

Read More
Homeowners Insurance HEALTH

Protect yourself for the road ahead with coverage that reflects what you need.

Read More
Business Insurance LIFE

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance COMMERCIAL

Browse a variety of insurance options in order to find the right one for you.

Read More
Health Insurance HOME & AUTO

Learn about different coverage options that fit your specific needs.

Read More
Home > Blog > High Economic Toll of Traffic Crashes
FRIDAY, AUGUST 19, 2016

High Economic Toll of Traffic Crashes



A report just released by the National Highway Transportation Safety Administration (NHTSA) puts a $277 billion price tag on the economic costs of traffic crashes in the United States in 2010, a 20 percent increase over its 2000 data.

The economic costs are equivalent to approximately $897 for every person living in the U.S. and 1.9 percent of U.S. Gross Domestic Product, the NHTSA says, and based on the 32,999 fatalities, 3.9 million non-fatal injuries, and 24 million damaged vehicles that took place in 2010.

Included in these economic costs are lost productivity, medical costs, legal and court costs, emergency service costs (EMS), insurance administration costs, congestion costs, property damage and workplace losses.

When you add in the $594 billion societal cost of crashes, such as harm from the loss of life and pain and decreased quality of life due to injuries, the total impact of crashes is $877 billion.

It’s interesting to note that the most significant components were property damage and lost market productivity. In dollar terms, property damage losses were responsible for $76.1 billion and lost productivity (both market and household) for $93.1 billion.

The NHTSA explains that for lost productivity, these high costs are a function of the level of disability that has been documented for crashes involving injury and death. For property damage, costs are mainly a function of the very high incidence of minor crashes in which injury does not occur or is negligible.

Another takeaway from the survey is the impact of congestion, which accounts for some $28 billion, or 10 percent of total economic costs. This includes travel delay, added fuel consumption, and pollution impacts caused by congestion at the crash site.

There’s a separate chapter of the NHTSA report devoted to congestion impacts that includes some fascinating data.

Read More: Source

Posted 1:28 PM

Tags: auto, car, insurance, safety, traffic, accident, crash
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2017
  • 2016

  • insurance(51)
  • tips(28)
  • home(19)
  • life(13)
  • auto(12)
  • homeowner(11)
  • safety(10)
  • car(7)
  • holiday(6)
  • house(6)
  • homeowners(5)
  • rates(4)
  • health(4)
  • family(4)
  • summer(3)
  • money(3)
  • claims(3)
  • business(3)
  • flood(3)
  • mistakes(3)
  • dog(2)
  • accident(2)
  • value(2)
  • halloween(2)
  • commercial(2)
  • save(2)
  • april(2)
  • long-term(2)
  • funny(2)
  • policy(2)
  • theft(2)
  • thanksgiving(2)
  • valentine(2)
  • claim(2)
  • inventory(1)
  • employee(1)
  • disability(1)
  • texas(1)
  • driver(1)
  • stability(1)
  • jewelry(1)
  • teen(1)
  • traffic(1)
  • super bowl(1)
  • pets(1)
  • company(1)
  • school(1)
  • automobile(1)
  • spouse(1)
  • student loans(1)

View Mobile Version
Facebook
Twitter
LinkedIn
RSS
logo, company name
logo
logo, company name
a close up of a logo
logo
logo, company name
 

Trusted Partners Of

a drawing of a faceCore Benefits
logo, company name
Home

Contact Us

  • Office Address
  • 601 E. Jackson
  • El Campo, TX 77437
  • _
  • O: 979-543-8884
  • T: 844-399-1212
  • F: 844-521-5698
  • Mailing Address
  • PO Box A
  • El Campo, TX 77437
© Copyright. All rights reserved.
Powered by Insurance Website Builder