US study: One year of road crashes costs society $340 billion

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US study: One year of road crashes costs society $340 billion
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People not directly involved in crashes pay for roughly 75% of all crash costs.

DETROIT — Traffic crashes in the U.S. cost society $340 billion in one year, or just over $1,000 for each of the country’s 328 million people, according to a study by safety regulators.

“This report drives home just how devastating traffic crashes are for families, and the economic burden they place on society,” Ann Carlson, acting administrator of the agency, said in a statement Tuesday. In the report, researchers examined several NHTSA databases as well as crashes not reported to police that were gathered through consumer surveys, NHTSA’s statement said.

People not directly involved in crashes pay for roughly 75% of all crash costs through insurance premiums, taxes, lost time from road congestion, excess fuel consumption and environmental impacts, the study found.

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