Traffic Accidents Reach Most Expensive and Deadly Levels Since 2007

Posted in Car Accident,Insurance Issues,Personal Injury,Tennessee Accident Law on August 25, 2015

Traffic Accidents Reach Most Expensive and Deadly Levels Since 2007

A study by the National Safety Council found that the number of traffic deaths in 2015 so far is 14 percent higher than it was in 2014, while the number of serious injuries has increased by 30 percent through the same time period.

According to an article by Insurance Journal, nearly 19,000 people lost their lives in car accidents in the United States and more than 2.2 million suffered serious injuries that required medical attention. Those numbers mean the country is on pace for the deadliest and most dangerous year since 2007 for traffic accidents.

The costs related to these accidents is expected to be $152 billion through just six months of 2015—a 24 percent higher bill than drivers incurred in 2014.

Although it’s unclear exactly what caused the increased numbers of accidents, injuries, and deaths, it may be due to decreasing unemployment rates and lower gas prices, which in turn leads to more people using roadways throughout the country.

Insurance providers throughout the nation have also indicated that they’ve seen an increased number of auto accident claims in recent months.

What Costs Do Drivers Face after Accidents?

As the numbers above show, being involved in a car accident doesn’t just put you at risk for serious injury—it can also cause you and your family to take a serious financial hit as well. Car accidents are expensive and can quickly drain your savings, ruin your credit, and even force you to take out loans or borrow money in order to make ends meet. Some of the most common and expensive costs that drivers face after accidents include:

  • Medical bills

If you or someone you love was injured in an accident, there’s a good chance you’re going to face medical bills—even if you have excellent health insurance. Ambulance rides, medications and treatments administered both in the ambulance and at the hospital, overnight, stays, long-term prescription medications, surgeries, overnight stays at the hospital, and physical rehabilitation can all cost thousands of dollars. Many patients face medical bills costing tens of thousands of dollars or more after their accidents.

  • Vehicle repair costs

When two vehicles collide at moderate to high speeds, the results can range from serious cosmetic damage to one or both vehicles becoming totaled. If your vehicle was seriously damaged, it may cost thousands of dollars to fix it. In some cases, vehicles become so damaged that it’s impossible to repair the damage, and even if it the damage is repaired, the vehicle’s resale value can plummet.

  • Lost wages

Facing expensive medical bills and vehicle repair costs after a car accident is bad enough, but it’s even worse when you get seriously injured and can’t go back to work and earn the paycheck you depend on. Car accident-related injuries can cause symptoms that range from extreme pain and discomfort to limited range of motion to temporary or permanent paralysis. All of those symptoms can make it difficult or even impossible for you to go back to work doing your old job or any other job that may be available.

The Murfreesboro car accident attorneys at Matt Hardin Law know that the costs associated with auto accidents can be a huge burden on you and your family—especially when you’re focusing on recovering from your injuries. That’s why our legal team is dedicated to helping victims get the maximum compensation after their accidents.

To find out how our law firm can assist you during this time, contact us by dialing (615) 600-4941 or fill out a free online form. We offer our two decades of experience to you with absolutely no upfront fees or charges, and you won’t owe us a penny unless we get money for you. Don’t wait to get the help you need—call us today.