Average US$3.75mn ‘social cost’ of each New Zealand road death

The average social cost of each New Zealand road accident death is $3.75 million (NZD 4.54 million), according to an estimation by the New Zealand ministry of transport (MOT) The New Zealand MOT also estimates that the average cost of serious injuries due to road accidents is $392,989 (NZD 473,600) per person. The social costs include financial and non-financial costs of accidents such as property damage, medical and legal expenses as well as loss of quality of life. The number of road accidents in New Ze
January 16, 2014 Read time: 1 min
The average social cost of each New Zealand road accident death is US$3.75 million (NZD 4.54 million), according to an estimation by the New Zealand ministry of transport (MOT).

The New Zealand MOT also estimates that the average cost of serious injuries due to road accidents is $392,989 (NZD 473,600) per person. The social costs include financial and non-financial costs of accidents such as property damage, medical and legal expenses as well as loss of quality of life.

The number of road accidents in New Zealand has declined from 308 in 2012 to 254 in 2013. It is estimated that one person died every 28 hours in a New Zealand road accident in 2012, with total social costs of road accidents during that year reaching $3.18 billion (NZD 3.84 billion).
Highway & Network Management

Related Content

  • Brunei sees increased road deaths
    January 4, 2016
    Road crashes in Brunei caused more deaths in 2015 compared with 2014. The data from Brunei's Fire and Rescue Department shows that from January to November 2015, there were 15 road deaths compared with 10 fatalities from road crashes in 2014. In the period under review, the department obtained 76 calls to assist in lifting drivers and passengers trapped in ruined vehicles as opposed to 92 calls obtained in the preceding year. Serious injuries, however, dropped year-on-year from 92 to 65 in the 11 reporting
    Read More
  • Colombia develops tertiary roads plan; cost overruns for La Linea Tunnel
    January 28, 2020
    Colombia has a new plan to develop tertiary roads, while cost overruns for the La Linea Tunnel project will be paid for.
    Read More
  • Austrian road transport industry anger over 8% HGV road toll rise
    December 11, 2013
    Austria's road transport industry is threatening to challenge in the European Court of Justice state-owned motorway operator Asfinag's plan to increase modern HGVs road toll by 8% in 2014. The Austrian transport ministry has ordered that toll prices should be increased by 2.5% from the beginning of January 2014, in order to adapt to inflation. But the price increase for modern HGVs, such as Euro 6 vehicles, is set to be significantly higher in order to keep the volume of toll income stable, as there are now
    Read More
  • Reflective road markings improve visibility, safety
    February 13, 2012
    Retroreflectivity plays a vital role when it comes to helping drivers follow road markings clearly in the dark as Patrick Smith reports. In many instances road markings are as important as road signs, offering information about the roads being travelled and the actions drivers should or should not be taking. Toady there is a wide variety of materials available for such markings and these include paints, cold applied plastics, thermoplastic, self-adhesive tapes, modified epoxy resins and raised pavement mark
    Read More

Highlighted Content