Fox & Farmer Attorneys at Law
  • Knoxville: 865-329-7269
    Johnson City: 423-415-1920
  • Email icon

Motor Vehicle Accidents Cost Tennessee $1.15 Billion Yearly

Most people think of a motor vehicle accident in terms of the individual costs, both financial and emotional. When an accident results in a fatality, the individual costs are even higher. But what about for the state as a whole? Well, it turns out that the costs of deaths from motor vehicle crashes are also quite costly on a state level.

In 2005, deaths resulting from motor vehicle crashes cost the United States $41 billion. For Tennessee alone, car crash fatalities cost $1.15 billion yearly, which is broken down as follows:

  • $14 million in medical costs
  • $1.14 billion in work loss costs

Why are the work loss costs so high? They're calculated based on the estimated amount that an average person would be expected to earn in a lifetime, including salary, benefits and the value of household work. Because motor vehicle crash fatalities affect more younger people as a whole, there is a higher work loss cost, since a younger person has the potential of working for more years than an older person.

How do we compare to other states?

Only nine other states - California ($4.16 billion), Texas ($3.50 billion), Florida ($3.16 billion), Georgia ($1.55 billion), Pennsylvania ($1.52 billion), North Carolina ($1.50 billion), New York ($1.33 billion), Illinois ($1.32 billion) and Ohio ($1.23 billion) - surpassed us in terms of the crash-related death costs.

Looking at the statistics from a population-size perspective, Indiana, which has a population of 6.3 million, similar to Tennessee's population of 6 million, incurred costs of $883 million. Crash-related fatality costs for New York totaled $1.33 billion, only slightly higher, relatively speaking, than the financial costs for Tennessee; New York, however, has a population that's more than three times the size of Tennessee's.

There's no doubt that a motor vehicle fatality has financial repercussions for the state as a whole. For individuals, the effect on family and friends of a wrongful death resulting from a car crash is extremely high. If you've suffered the loss of a loved one, consult an experienced Tennessee wrongful death attorney to discuss all your legal options.

No Comments

Leave a comment
Comment Information

Contact Us For A Free Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Need help from an experienced attorney? Contact us right now for a free consultation.

Email Us For A Response
brand

Knoxville
8900 Executive Park Drive
Knoxville, TN 37923

Phone: 865-329-7269
Knoxville Law Office Map

Johnson City
300 East Main Street, Suite 302H
Johnson City, TN 37601

Phone: 423-415-1920
Johnson City Law Office Map