Calculating the cost of a motorcycle accident
According to the Government Accountability Office, 82,000 riders were injured in motorcycle accidents and a 4,502 individuals were killed in crashes. All told, the immediate cost of those downs was $16 billion or more. On average, a fatal motorcycle crash costs around $1.2 million, with non-fatal incidents carrying a price tag of anywhere from $2,500 to $1.4 million depending on rider injuries.
So, what's the solution? According to the GAO, the only measurable way to cut those costs is to mandate helmet use. Helmets reportedly cut the fatality rate of motorcycle crashes by 39 percent, and the National Highway Traffic Safety Administration claims helmets prevented 1,550 deaths in 2010. Likewise, the Center for Disease Control says the lids saved the economy a total of $3 billion in those crashes. Seems like cheap insurance to us.
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