car crash accident on the road, car accident for insurance claim.
Car crashes cost U.S. consumers more than $300B every year, creating a significant financial burden for drivers and communities. To understand where this impact is greatest, Conboy Law Injury & Medical Malpractice Lawyers examined the total annual costs related to motor vehicle crashes in each state. Those costs include medical expenses, lost productivity from missed work, property damage, emergency response services, and legal fees. To make a fair comparison between states, the total crash costs were divided by the number of registered vehicles in each state. This calculation provided an average cost per vehicle, showing how much each driver is burdened financially.
New Jersey is the most expensive state for car accidents, with an average cost of $5.7K for each of the state’s 2.2M registered vehicles – including property damage, medical expenses, and legal fees. New York follows closely behind, with an average cost of $5.4K per vehicle.
New York also has the highest total cost resulting from vehicle accidents, with damages topping $15B annually. New Jersey came in second, with the annual cost of accidents reaching $12.8B.
“Most people think of car crashes in terms of physical damage or traffic delays, but the financial side often gets overlooked,” noted a spokesperson from Conboy Law Injury & Medical Malpractice Lawyers. “Between repair costs, medical bills, lost time, and insurance hikes, the price of a single crash can quickly spiral. What we’re seeing across the country is that in many states, those individual costs are adding up to billions each year, and for the average driver, that means thousands out of pocket over time.”
