According to a recent report from the AAA auto club, the average cost per fatal auto accident in the U.S. is $6 million.
The report compared drivers' costs while in traffic congestion within 99 different urban settings to that of the cost of the nation's motor vehicle accidents, and the outcome was that the cost of collisions was three times that of congestion at $299.5 billion to $99.7 billion, (AAA: Fatal motor vehicle crash cost $6 million, Larry Copeland, USA Today,
http://www.usatoday.com/news/nation/story/2011-11-02/fatal-vehicle-crashes-cost-millions/51051030/1). Within that $99.7 billion due to congestion is the cost of gas used while idle plus the amount of time the driver wastes sitting in traffic. These two estimated amounts come from the Federal Highway Administration statistics which place dollar value on these factors: "property damage, lost earnings, loss of household activities, medical costs, emergency services, travel delays, vocational rehabilitation, lost time at work, administrative costs, legal costs, pain and suffering, and lost quality of life," (Larry Copeland, USA Today).
The director of federal relations for AAA Chris Plaushin, states that the auto club "wanted to raise the profile and raise the awareness. Right now, it's jobs, it's construction, it's economic growth that are being talked about. This part of our effort is to bang the drum about safety," (AAA: Fatal motor vehicle crash cost $6 million, Larry Copeland, USA Today). Although it may be common knowledge that auto collisions are costly, when looking at it from a national perspective rather than an individual one, the costs and rates become alarming. That's why Plaushin hopes that studies such as this most recent one will help bring attention to the matter and hopefully result in solutions that potentially could prevent such costs and accidents.
Beyond the cost of this matter, another need for attention is that auto accidents are the leading cause of death for those ages 5-24 in the US. Saving money, but more importantly saving lives will hopefully be the outcome from this study. Suggestions from the AAA to reduce fatal crashes and financial burden due to auto accidents are installing more cable barriers along medians to prevent crossover accidents, modernized roundabouts and rumble strips, (Larry Copeland, USA Today).