Car Accident Costs in the U.S. Estimated at $230 Billion Annually

Car Accident Costs in the U.S. Estimated at $230 Billion Annually

The costs associated with a San Jose car accident can vary greatly, and can depend on the amount of vehicle damage that occurs, whether or not people involved are seriously injured, and whether or not injury victims are negatively impacted by their injuries in the long term. While the initial costs associated with an accident may not always necessarily be high, particularly if there isn’t much damage done to the vehicles involved, the long term costs can certainly add up quickly. According to a recent Mercury News article, the cost of motor vehicle accidents averages out to an astonishing $500 per licensed driver in the United States. This figure represents not just those drivers involved in crashes, but an average of all drivers across the country.

Reportedly, facts and figures from 2005 gathered by the Centers for Disease Control and Prevention show that the costs associated with personal injury alone account for more than $99 billion annually in the United States. Factor in additional insurance costs, and the number more than doubles, coming in at $230.6 billion. Unfortunately, theses staggering amounts serve as indication that reckless driving practices and negligence are to blame for far too many auto accidents each year.

Car accidents are currently the ninth leading cause of death worldwide, but are on pace to become the fifth leading cause by the year 2030. In the U.S., it is speculated that lax traffic laws are to blame for the high number of accidents that take place nationwide. While California does have some of the strictest regulations in the country, motorists still disregard the rules of the road, putting not only themselves in harm’s way but all other drivers on the road as well.

In the event that you are injured in a San Jose car accident due to the negligence of another, it would be in your best interest to contact the personal injury law firm of Caputo & Van Der Walde LLP. Our experienced San Jose car accident attorneys will hold negligent parties who contributed to your accident accountable for their actions, seeking compensatory damages on your behalf. For more information and a free case consultation, please call us today at (800) 900-0863.