insurance companies

The economic cost of motor vehicle crashes in the U.S. is the equivalent of 1.9 percent of the $14.96 trillion gross domestic product (GDP) in 2010. Factors contributing to the price tag include productivity losses, property damage, medical and rehabilitation costs, congestion costs, legal and court costs, emergency services, insurance administration costs and the costs …

Study Done By NHTSA Says Car Crashes Impact On US Reaches $871 Billion Part III Read More »

Speeding: Crashes involving a speeding vehicle traveling faster than the posted speed limit or too fast for conditions accounted for 21 percent of the total economic loss and cost the nation $59 billion in 2010, an average cost of $191 for every person in the U.S. Including lost quality of life, these crashes were responsible for …

Study Done By NHTSA Says Car Crashes Impact On US Reaches $871 Billion Part II Read More »

As a PDR Technician, you should be interested in these facts. For one, collision repair statistics and studies are paramount to the success of your business. Knowing what the statistics are provides you a greater understanding that the incorrect rumors that say ‘Collision Repair is being phased out’ is as far from the truth. The …

Study Done By NHTSA Says Car Crashes Impact On US Reaches $871 Billion Part I Read More »