What are the costs of car accidents in California?

2020-09-02T05:29:58+00:00November 13th, 2015|

Most people in the Orange County area probably have been involved in or at least know someone who has been involved in an auto accident. Even those people who do not fit into either of these categories should be aware of the possibility of an accident while they are on the roadways.

Motor vehicle accidents are a common occurrence throughout California, just like they are almost everywhere else in the country. Car accidents come with a variety of consequences, including injuries, medical expenses and property damage. When it comes to fatal car accidents alone, the impact is enormous. But in terms of economic loss, what are the real costs of accidents in California?

According to data from the Centers for Disease Control and Prevention, fatal car accidents in California caused more than $4 billion of costs in a single year alone. While this data is from back in 2005, it still illustrates the staggering economic impact of fatal automobile accidents.

In addition to medical expenses and property damage, fatal accidents come with the heavy cost of loss of economic productivity. In other words, when a person dies suddenly in a car crash, all of their years of potential economic productivity, through work and earnings, are instantly gone.

A person’s individual contributions to their local and state economies can be greater than they might expect. Of course when a person’s life is cut short by a fatal accident, economic costs may be the least of anyone’s concerns. Family members and friends have to come to grips with losing their loved one and trying to move on with life.

Too many Californians die each year in car accidents, and many of these accidents are caused by a driver’s negligence. The good news is that people can prevent fatal car accidents by paying attention to the road and cutting down on speeding and other dangerous driving habits. Avoiding negligent behavior while driving can save lives and money.

Source: Centers for Disease Control and Prevention, “State-Based Costs of Deaths from Crashes,” Accessed on Nov. 6, 2015

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