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The myriad costs of car crashes

Arkansas drivers might agree that various costs accompany a car accident. Many of these costs are imparted upon the individuals involved in the wreck. There are, however, other costs that society at large must shoulder on account of motor vehicle accidents. According to a review conducted by the National Highway Traffic Safety Administration, traffic accidents in 2010 alone accounted for nearly $1 trillion in lost manpower.

After collisions and fatalities decreased consistently during the six years preceding 2012, the numbers reversed course and increased by 3.3 percent in 2012, reaching 33,561 car accident deaths in total that year, statistics indicate. In addition, authorities estimate that 2,362,000 people suffered injuries in motor vehicle accidents during the same year. This figure is an increase of 6.5 percent from 2011, reportedly.

Furthermore, the National Highway Traffic Safety Administration report provides figures concerning crash types and driver behavior imputed in the accidents for the year 2012. According to the report, driving under the influence of alcohol was involved in 31 percent of all fatal wrecks, whereby DUI means that the impaired driver had a blood alcohol content level of .08 percent or greater. Speeding-related accidents claimed 10,219 lives in 2012, according to the report. Moreover, officials estimate that at least 900 people die yearly on account of accidents in which a vehicle ran a red light.

Because of the variety of factors that can contribute to a motor vehicle accident, the investigations that follow a crash are oftentimes lengthy, exhaustive and conducted by multiple agencies. The conclusions of these accidents may be very important to accident victims, who have the right to retain a lawyer and file a personal injury lawsuit in the event that the incident is demonstrably attributed to another party's reckless or negligent behavior.

Source: Rocky Mountain Insurance Information Association, "Cost of Auto Crashes & Statistics", October 07, 2014

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