Industry Issues | Cost Drivers

Auto Safety and Consumer Costs

Road Safety Alert: New Trends Threaten Motorists, Pedestrians, and Insurance Consumers

pci_backtoschool_safety-tips 200x263
Auto safety is a top concern for auto insurers. New technologies are making today’s cars dramatically safer for drivers and passengers, but we are continuing to see some of the largest increases in crashes and fatalities on the roads. Preliminary 2017 data from the National Safety Council shows that 2017 was the second consecutive year that motor vehicle deaths surpassed 40,000. The estimates from the NSC show 40,100 people died in motor vehicle crashes in 2017 and 4.57 million people were seriously injured.

Distracted driving is thought to be one of the leading causes for the rise in vehicle crashes nationwide. Marijuana-impaired driving also is one of the many factors believed to be contributing to the recent increase in auto crash frequency, particularly as more states liberalize their marijuana laws.

Although safety is the first concern, the increase in accident frequency and severity comes at a time when repair, labor, medical and other costs associated with accidents also are rising—which could lead to increased premiums.

PCI is working with policymakers, industry leaders, and consumers to promote driver safety and enact highway safety laws to protect motorists and pedestrians and keep insurance costs stable. Follow us on Twitter @PCIAA and #HeadsUp for the latest information on auto accident factors contributing to rising costs to consumers.