On November 3 AAA Chicago issued a news release titled “AAA: Costs Associated With Traffic Crashes Are More than Three Times Greater than Congestion Costs.”
A couple of excerpts from the release:
The annual societal cost of traffic crashes is $299.5 billion, more than three times the $97.7 billion cost of congestion, according to a report released today by AAA. In the Chicago metropolitan area, the annual cost to society of traffic crashes is $11.3 billion, or $1,180 per person. Chicagoland congestion costs are almost $9.5 billion or $1,112 per person, reports AAA Chicago.
According to the study conducted for AAA by Cambridge Systematics, the overall cost of crashes ($299.5 billion) equates to an annual per person cost of $1,522, compared to $590 per person annually for congestion ($97.7 billion overall). The cost of crashes are based on the Federal Highway Administration’s comprehensive costs for traffic fatalities and injuries that assign a dollar value to a variety of components, including medical and emergency services, lost earnings and household production, property damage, and lost quality of life, among other things.
Elman Joseph Law Group, LLC concentrates in Personal Injury and Wrongful Death cases involving car accidents as well as other types of vehicle accidents (bike, bus, motorcycle, pedestrian, truck, etc.) This intense focus allows us to consistently achieve winning verdicts and settlements for our clients.
If you or a loved one have been injured or killed in an accident, call 773-392-8182 at any time for a free consultation to discuss your rights. There is no fee for this consultation.