Close Menu X

How Can We Help?

Calculating the costs of fatal motor vehicle accidents: Part II

Earlier this week, we began a discussion about the costs of motor vehicle accidents on a state level as well as a national level. Data compiled by the Centers for Disease Control and Prevention reveals that fatal car accidents on U.S. roads in 2005 resulted in $41 billion in costs related to medical care and lost work.

New York’s costs were ranked 7th highest for that year at $1.33 billion. According to the CDC, more than 1,000 New Yorkers are killed each year in accidents deemed preventable. They include crashes between motor vehicles and accidents in which motor vehicles collide with bicyclists and pedestrians.

Information like this is important to government agencies for a number of reasons. But it might also be important for individuals and families as well.

Consider the following hypothetical scenario (unpleasant as it may be): Your spouse is paralyzed or killed in a car accident with a negligent driver. In addition to expensive medical bills and perhaps funeral costs, there are also significant costs associated with lost income. If your family was dependent upon your spouse’s income or a combined parental income, his or her earning potential has been lost and the family may be financially compromised as a result.

In a scenario like this, a personal injury or wrongful death lawsuit would likely be appropriate. But before you seek damages from the at-fault driver (and insurance), it is important to quantify how much money and future income has been lost as a result of the accident. In some cases, the losses can add up to millions of dollars.

Macro-level data will not provide all the information you need for an individual civil lawsuit, but it is nonetheless a good starting point to help you and your attorney calculate appropriate damages.

No Comments

Leave a comment
Comment Information

Our Awards and Accolades

    • The Best Lawyers in America
    • The National Trail Lawyers | Top 100 | Trail Lawyers
    • Newsweek Leaders In Showcase Personal Injury | 2011
    • Lawyers of Distinction | 2018
    • 2014 | Litigator Awards | Ranked Top 1% of Lawyers
    • Nation's Premier | NAOPIA | Top Ten Attorney | Personal Injury
    • American Law Society | Official Home of America's Top Lawyers
    • Best Lawyers | Best Law Firms | U.S.News & News Report | Rankings
    • New York Law Journal | 2015 Verdicts & Settlements | Hall of Fame | Motor Vehicle | Sakkas, Cahn & Weiss, LLP | Top 20 Verdict
    • Million Dollar Advocates Forum
    • Verdict Search's | Top NY Verdicts
    • Certified
    • National Association of Distinguished Counsel | Nation's Top One Percent | NADC
    • 2016 | Litigation Elite - Top 100 Trail Lawyers
    • Martindale-Hubbell | Distinguished | Peer Rated for High Professional Achievement | 2017
    • Who's who Legal | WWL
    • The National Advocates | Top 100 Lawyers
    • America's Top 100 Attorneys | Top 100
    • The National Trial Lawyers | Top 100 Trail Lawyers
    • Super Lawyers
    • Best Law Firms of America | LifeTime Member
    • Avvo | 10.0 | Superb | Top Attorney Personal Injury
Email Our Attorneys

Have Questions? Get A Free Case Review

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