Car crashes certainly cause damages – from property damage to car replacement to the loss of a life. According to the National Highway Traffic Safety Administration (NHTSA), crashes in the United States accounted for over $1 trillion losses in 2010.
Until 2012, it was six years of declining deaths related to motor vehicle accidents. Then, it was estimated that 33,561 people died in automobile accidents in 2012, which was a 3.3 percent increase from the total in 2011. Also, according to the NHTSA, an estimated 2 million individuals were injured in car accidents, which was up 6.5 percent from 2011. While car accident deaths and injuries began to decline again in 2012, the costs associated with car accidents continue to rise.
Insurance Claims and Auto Accidents
The Insurance Research Council’s Auto Injury Insurance Claims Study discovered that medical costs associated with auto accidents was on the rise. While injuries remained downward, the costs associated with the injuries increased due to inflation. Out-of-pocket expenses grew by eight percent and average losses claimed grew by four percent.
In 2012, the average cost of an auto liability property damage claim was $3,073, while the average cost of a bodily injury claim was $14,653. Collision claims averaged $2,950 and the average comprehensive insurance claim averaged $1,585.
What Type of Accidents is the Most Costly?
Any type of auto accident is costly – whether it is due to damages, injury or the loss of life. While there were over 5 million auto accidents reported in 2012, the National Highway Traffic Safety Administration estimates that there are over 10 million accidents that go unreported each year.
Some of the accidents that caused the bodily injury and losses in 2012 included:
Who Pays for Automobile Accidents?
A private auto insurance carrier typically pays for 50 percent of all car accident costs. The crash victims pay for an average of 26 percent, while third parties pick up 14 percent of the bill. But, when injuries are more extensive, insurance agencies are not always as willing to pick up the tab – that includes loss of wages, long-term medical care and disability.
How to Get Payment for Your Auto Accident Injuries
An automobile accident can cause serious, long-term injuries that disrupt your daily life. There is a lot that insurance companies are not willing to pay for from spinal cord injuries to traumatic brain injuries to pain and suffering. But, if you have significant injuries in an accident, you still have options. The West Palm Beach personal injury attorneys at Scott J. Sternberg & Associates would love to speak to you and your loved ones about your injuries. For a free consultation and case evaluations call 561-687-5660.