Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Semi Truck Crashes Prove Costly, Study Says

May 31, 2007

A single truck crash in the U.S. costs nearly $100,000. The bill for longer tractor-trailer accidents, however, costs significantly more, according to a new study commissioned by the Federal Motor Carrier Safety Administration (FMCSA), Today’s Trucking reports. The new study provides the latest estimates of unit costs for highway crashes involving medium-duty and heavy trucks by severity. Based on the latest data available, the estimated cost of police-reported crashes involving trucks with a gross weight rating of more than 10,000 lbs averaged $91,112.These costs represent the present value, computed at a 4 percent discount rate, of all costs over victims’ expected life span that result from a crash. They include medically related costs, emergency services costs, property damage costs, lost productivity, and the monetized value of the pain and "quality of life" that the family loses because of a death or injury. Crashes involving long combination vehicles (trucks with two or three trailers) were the rarest, but their cost was the highest among all crashes–$289,549 per crash. Straight truck crashes with no trailers had the lowest cost – $56,296 per crash. The average cost of property damage only crashes was $15,114; while the costs per non-fatal injury crash averaged $195,258. According to Today’s Trucking, the FMCSA study reports that safety analysts use crash cost data for a variety of purposes, from analyzing the effectiveness of a particular roadway enhancement to measuring the impact of seatbelt use.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

An abbreviation for greenhouse gas.

Read more

Up Next

More From The World's Largest Fleet Publisher