THE FINANCIAL CONSEQUENCES OF AUTO ACCIDENTS

The results of a pilot survey investigating the feasibility of determining financial consequences of automobile accidents are reported. The results indicate that a personal or telephone interview is the most reliable method for collecting the data. Such interviews were found to be difficult to undertake, mostly due to difficulty in locating accident victims. Data were sought for three major cost categories: property damage, and time loss due to impairment. All three components were found to vary widely by severity of injury as measured by the Abbreviated Injury Scale classification. Distributions of cost were positively skewed in all categories. The cost estimates reported cannot be considered definitive. The costs within injury categories and a weighted average cost combining all categories disagree with previously published average cost estimates. This indicates a need for further research. The discrepencies point up a danger in making cost projections, namely, that injury definition for cost estimation and injury definition for total number of injuries may not be the same. If not, projections of total costs may be seriously misleading.

  • Corporate Authors:

    Highway Safety Research Institute

    Huron Parkway and Baxter Road
    Ann Arbor, MI  USA  48109
  • Authors:
    • Flora, J D
    • BAILEY, J
  • Publication Date: 1975-6

Media Info

  • Features: Tables;
  • Pagination: p. 1-7
  • Serial:
    • HIT Lab Reports
    • Volume: 5
    • Issue Number: 10
    • Publisher: University of Michigan Transportation Research Institute

Subject/Index Terms

Filing Info

  • Accession Number: 00098908
  • Record Type: Publication
  • Source Agency: Highway Safety Research Institute
  • Files: TRIS
  • Created Date: Sep 30 1975 12:00AM