What is the Average Cost of a Car Accident?
After the initial shock of an auto accident, wouldn’t you think your biggest concern would be for your treatment and recovery? Unfortunately, what becomes your biggest concern is how to cover bills. Ambulance rides, emergency room visits, and ongoing treatment can all be expensive, and that may be the tip of the iceberg when it comes to the financial aftermath of a crash.
The Average Cost of a Car Accident Will Surprise You.
- An accident with fatalities can cost up to $1,410,000.
- An accident with a non-fatal disabling injury can potentially cost you $78,900.
- An accident with non-disabling injuries and property damage can potentially cost you $8,900
- A minor car crash can cost nearly $10,000 – even with no injuries.
In the State of Florida, the total cost of traffic-related auto accident deaths in 2018 was $4.40 Billion!
Car accident costs do not only affect individuals, either. The costs to businesses and society are also staggering. Crashes that happen during work-related activities represent 40% of all crashes. According to the Occupational Safety and Health Administration (OSHA), accidents can cost a single company around $66 billion, with another $33 million in lost work.
The annual cost of car accidents in the U.S. is a staggering $230.6 billion. Each year in this country there are 2.35 million injury accidents and 37,000 fatalities. As automobile manufacturers have developed improved safety features, the number of accidents and injuries has gone down, but the costs associated with them have continued to rise.
Often, the at-fault party that causes an accident is not the person who bears the financial burden. So, understanding all the impending costs after an accident is crucial. Working with a Board Certified Personal Injury Lawyer will certainly help you get the compensation you deserve. This important step usually makes the insurance company stop playing games, even with the car (property damage) issues
Here’s a look at the key types of costs after you have been involved in a car accident, especially an accident that was caused by a careless driver.
1. Damage to your vehicle
2. Your passenger’s injuries
3. Property damage
4. Location of the accident
5. Your injuries – healthcare costs / ER / follow up visits and treatment
6. Loss of Wages
7. Rising premiums
8. Change in current employment due to injury
Joe Zarzaur is a Board Certified Civil Trial Attorney whose firm is dedicated to promoting community safety since 2007. ZARZAUR LAW’S AREAS OF PRACTICE: Serious Personal Injury, Product Defect, Auto Accidents, Cycling Accidents, Motor Vehicle Accidents, Products Liability, Wrongful Death, Community Safety, Boat and Jet Ski Accidents, Slip and Fall Injuries, and more. Licensed in Alabama and Florida.
If you’ve been the victim of an auto accident, it’s important that you don’t make any rash decisions. Instead, follow the car wreck checklist and put yourself in the best possible position to receive the justice you deserve. It is also important to consult with a Board Certified Trial lawyer who has the knowledge and experience to help you. We know accidents can be stressful and want to make the process as easy as possible for you. Call Zarzaur Law, P.A. today at (855) Hire-Joe for a free legal consultation or visit www.zarzaurlaw.com.
https://www.cdc.gov/injury/wisqars/index.html Accessed 2 Sep 2020.
https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication 812875external icon
https://www.tandfonline.com/doi/pdf 10.1080/15389588.2019.1576036external icon
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