Road crashes impose intangible, financial, and economic costs to society. These costs include:
• loss of life and reduced quality of life
• reduced output due to temporary incapacitation
• medical, legal, and vehicle damage costs.
The average social cost is estimated at $4.916 million per fatal crash, $923,000 per reported serious crash, and $104,000 per reported minor crash. These costs (expressed in 2017 $ and adjusted for underreporting) exclude payments such as taxes or insurance premiums, costs associated with insurance administration, traffic delays due to road crashes, and collateral damage.
Further Related Statistics:
Core dashboard information
|Social cost of road crashes by severity of crash (fatal, serious, minor and non-injury) in June 2017 prices ($ million)|
Nature of data
|Primary source||Ministry of Transport|
|Custodian of data||
Ministry of Transport
|URL||Previously unpublished Ministry of Transport analysis. Figures were obtained by multiplying number of crashes of each type by the social costs per crash of that type given in http://www.transport.govt.nz/assets/Uploads/Research/Documents/a5f9a063d1/Social-cost-of-road-crashes-and-injuries-2017-update-FINAL.PDF|
|Quality of the data||
Good. Road social cost estimates do not include property damage only (non-injury) crashes but include property damage costs associated with the injury crashes. Road social cost estimates also include adjustment for under reporting.
|Next Update||December 2018|