Motorcycle Accidents Cost $16 Billion Annually

According to new statistics by the Government Accountability Office, motorcycle accidents cost the American economy approximately $16 billion every year.  According to the report, motorcyclists are involved in fatal accidents at a rate that is much higher than drivers of motor vehicles.

motorcycle accident attorneys

According to new statistics by the Government Accountability Office, motorcycle accidents cost the American economy approximately $16 billion every year.

The study also found that motorcyclists were about 30 times more likely to die in an accident compared to occupants of a passenger vehicle.  None of these statistics are very surprising to any motorcycle accident attorney.  Motorcyclists are at some of the highest risk for injuries and fatalities on the roads, because of the lack of protection they have in the event of an accident.

According to statistics, there were more than 439,000 motorcycles sold across the country in 2010, and that same year, there were 82,000 injuries linked to motorcycle accidents.  There were also more than 4500 fatalities linked to motorcycle accidents in 2010.

In 2010, the average cost of a motorcycle accident was estimated at $1.2 million.  In the case of injuries, the cost ranged from $2,500 per accident to $1.4 million.  The cost of being treated increased depending on the severity of the injuries sustained in the accident.

Motorcycle accidents typically end in brain injuries, spinal cord injuries and other injuries that are expensive to treat.  In fact, wearing a helmet might help reduce the medical costs involved in treating the injuries.  According to one study by the National Highway Traffic Safety Administration, helmeted motorcyclists not only have a much higher chance of surviving a motorcycle accident, but are also likely to have much lower hospitalization expenses, compared to non helmeted motorcyclists.

Over the past couple of years, motorcycle accident fatalities have been down, but those numbers are likely to spike again as the economy recovers, and people begin investing in motorcycles again.  Sales of motorcycles have been down over the past couple of years since the recession hit.

 

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