Georgia Injury Law Blog
Accidents Cost US $99 Billion in One Year
The Centers for Disease Control and Prevention has analyzed the cost of traffic accidents in the year 2005, and come up with a staggering estimate-$99 billion.
That’s right.Fatal and non-fatal injurious accidents including car, motorcycle, truck, bicycle and pedestrian accidents cost the American economy $99 billion in 2005.Mind-boggling as that number is, it’s probably just the tip of the iceberg.According to the CDC, it does not include other factors that could increase accident costs, like the increase in insurance premiums after an accident and an increase in taxes.