average property damage cost of accident
Cost of Motor Vehicle Accidents . These estimated costs for motor vehicle accidents and injuries include wage and productivity losses, medical expenses, administrative expenses, motor vehicle damage, and employersâ uninsured costs. Motor vehicle accident average costs: Average cost for each death in a motor vehicle accident: $1,130,000 Average cost for each nonfatal disabling injury: $61,600 Average cost for each property damage crash (includes non-disabling injuries): $7,500 . Motor vehicle accident costs by severity: Average economic cost for incapacitating injury crash: $65,000; Average economic cost for non-incapacitating evident injury crash: $21,00; Average economic cost for possible injury crash: $11,900 . The above numbers only take into account the economic impact of motor vehicle accidents. To properly value the true cost of an accident including a measure of the value ...