March 13, 2014
According to a AAA research report, traffic crashes cost American motorists more than $160 billion a year.
The study found that traffic crashes have a much more damaging impact on society than the bumper-to-bumper congestion that riles commuters in many metropolitan areas.
It found that crashes cost U.S. motorists $164.2 billion a year, or about $1,051 per person. That's more than double the $67.6 billion in annual costs from congestion, or about $430 per person.
To calculate the crash costs, researchers took into account factors such as property damage, lost earnings, medical costs, emergency services, legal costs and travel delays.
Traffic crashes cost $1,180 per person in Richmond and $976 per person in Virginia Beach.