August 7, 1996 in Nation/World

Wrecks Cost $580 Per Person

Associated Press
 

The government has come up with an estimate for the cost of car crashes in terms of wrecked property and medical bills.

The total was $150.5 billion in 1994, Transportation Secretary Federico Pena said Tuesday.

That’s $580 for every man, woman and child in the country.

The department calculated that less than one-third of the costs of a crash are paid by those involved.

The balance is spread among the general population through higher insurance premiums, government payments, charities and other sources.

© Copyright 1996 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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