Car crashes in the United States result in high costs. In what areas do these high costs occur?

Question

Anu Bhardwaj · Accepted Answer

Car crashes in the United States result in very high costs that occur in several major areas, including:

Medical expenses – emergency care, hospitalization, rehabilitation, and long-term treatment.
Lost productivity – wages and income lost when injured people (or those killed) are unable to work.
Property damage – repair or replacement of vehicles and other property.
Legal and court costs – lawsuits, settlements, and insurance claims.
Insurance administrative costs – expenses related to processing claims.
Workplace costs – lost output for employers when employees are injured or absent.
Loss of quality of life – pain, suffering, and reduced life expectancy.

The CDC estimates these costs amount to billions of dollars annually in the U.S.

Accounting