The Economic and Social Costs of Michigan Car AccidentsThe Economic and Social Costs of Michigan Car Accidents
Every year,thousands of Americans die on Michigan roads. Michigan car accidents are on the rise. Car accidents are the leading cause of preventable death in Michigan.
Economic Costs
The economic costs of Michigan car accidents run into millions of dollars. Every year,America loses billions of dollars because of car crashes.
Insurance companies pay a lot of money to vehicle accident victims. A single compensation can run into thousands of dollars. That is the reason why most insurance companies that deal with auto accidents usually file for bankruptcy.
The economic cost of car accidents is particularly burdensome to developing countries. Most of these countries depend on foreign aid. A good part of the budget usually goes towards remedying the effects of accidents.
Vehicle accidents cause loss of talent. Many talented people normally die on the roads. This costs the American economy dearly. It takes a lot of time and money to train great talent (-).
Social Cost
Accidents have a social cost. A car accident can cause loss of life or serious injury. For the case of death,a family will lose a loved one. That will leave behind a social gap. No amount of money can compensate for the loss of life.
Causes of Car Accidents
Carelessness is the number one cause of accidents. Most Americans drive carelessly. You need to pay attention to all the traffic laws.
Distracted driving is also dangerous. You should not answer a call or reply to a text message when you are driving. You must also avoid drunk driving at all costs. You must never drink and drive. If you are drunk,you should either take a taxi or have a designated driver.
The Bottom Line
It is possible to prevent accidents. Americans need to pay a lot of attention on the road when they are driving. You should avoid careless driving.