ECONOMIC COST OF ROAD ACCIDENTS

The estimation of cost of traffic accidents is useful to compare the cost of application of traffic engineering corrective measures with the savings in traffic accident costs and show the importance of accident prevention activities. Due to lack of knowledge of cost of road accidents in the country, economic justification of traffic engineering improvements cannot be precisely carried out. Hence, this study was undertaken to assess the cost of different types of traffic accidents in delhi and also to find the limitations and malpractices in finalising traffic accident claims in terms of money. A new method of calculating the cost of fatal accidents has been worked out and the average estimated cost of a fatal accident calculated by this method is nearly five times the average compensation awarded by the insurance companies or five times the average actual cost of a fatal accident. (A) /TRRL/

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  • Corporate Authors:

    Indian Roads Congress

    Jamnagar House, Shahjahan Road
    New Delhi,   India  110 011
  • Authors:
    • SRINIVASAN, N S
    • Hingorani, D V
    • SHARMA, B M
  • Publication Date: 1975-11

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00137526
  • Record Type: Publication
  • Source Agency: Transport and Road Research Laboratory (TRRL)
  • Files: ITRD, TRIS
  • Created Date: Oct 26 1976 12:00AM