Cost of Injury, Fatal Traffic Collisions on the Rise
Jan. 31, 2013—The societal cost of injury and fatal traffic collisions is on the rise, even as the number of fatal and injury crashes decline, according to a report from the National Coalition for Safer Roads (NCSR).
The societal cost of fatal traffic collisions reached an estimated $6.4 million in 2012, a 100 percent increase compared to $3.2 million in 2005.
Injury crash costs follow the same upward trend. The community’s cost of an injury crash rose to $134,555 in 2012, a 97 percent increase from 2005.
The NSCR reports that these costs would have been much higher had fatal crashes and injury crashes not declined by 24 percent and 7 percent, respectively, from 2005 to 2010.
Based on these numbers, the NSCR urges communities to continue setting better standards on roadways to reduce collisions, such as adding red-light and speed safety cameras.