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

  • US$254 million improvement plan for Ohio Turnpike
    February 6, 2024
    A US$254 million improvement plan is being set out for the Ohio Turnpike.
    Read More
  • Increase in fatal vehicle crashes across US
    December 4, 2015
    A worrying increase in fatalities from vehicle crashes has been noted in the US during the first half of 2015. This comes in the wake of several years of improvements in road safety. A new report from the National Highway Traffic Safety Administration (NHTSA) for the first six months of 2015 shows that motor vehicle fatalities increased 8.1% compared to the same period last year.
    Read More
  • Road safety improves in Italy
    March 22, 2012
    The latest official statistics from the Italian authorities show an improving road safety situation. Italy's statistics institute Istat has data showing that road accidents decreased by 1.9% to 211,404 in 2010. Meanwhile the number of people injured dropped by 1.5% to 302,735, and fatalities were down 3.5% to 4,090. Despite having failed to achieve the 50% fatalities reduction target set in 2001, the country saved €25 billion in social costs. Accidents decreased by 1% on highways, although fatalities rose b
    Read More
  • Malaysia’s road safety problem needs addressing
    February 2, 2017
    Malaysia’s road safety problem is a cause for concern. The country’s Transport Ministry has revealed data showing that in 2016, Malaysia figured amongst the countries with the highest rate of road fatalities. The figures show that for every 10,000 registered motor vehicles on Malaysia’s roads, there were 2.55 deaths. One new strategy intended to address the problem being launched by the Transport Ministry is the Malaysia-wide National Blue Ocean Strategy Road Safety Cluster. Meanwhile the Safe Kids Mala
    Read More

Highlighted Content