Wrecks Cost $580 Per Person
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.
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