According to a study released by the Centers for Disease Control and Prevention, every year in the United States, motor vehicle accidents cost the economy about $100 billion for medical care and injury-related productivity losses. These accidents not only impact the people but also the economy.
The CDC added that in the US each licensed driver every year adds about $500 toward the total costs.
Dr. Grant Baldwin, the director of the CDC's Division of Unintentional Injury Prevention, National Center for Injury Prevention and Control, said, "Every 10 seconds, someone in the United States is treated in an emergency department for crash-related injuries, and nearly 40,000 people die from these injuries each year. This study highlights the magnitude of the problem of crash-related injuries from a cost perspective, and the numbers are staggering."
The CDC informed that about $70 billion was the cost that was due to accidents that were both fatal and non-fatal of people riding in light trucks and cars, motorcyclists’ injuries cost $12 billion, $5 billion and $10 billion a year respectively was due to bicyclists and pedestrians, who are vulnerable against motor vehicles.
