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

  • Road safety gain for UK in 2013
    June 26, 2014
    The UK’s Department for Transport (DfT) reveals that the road fatality rate for 2013 was the lowest since records began in 1926. The data shows that 1,713 people died on the UK’s road network in 2013, around half that of the figure recorded for the year 2000. This reveals an on-going improvement in road safety levels. The DfT statistics show that in 2013, 21,657 people were seriously injured in road crashes, while the total number of casualties of all severities stood at 183,670. Car occupant fatalities in
    Read More
  • Safe road successes
    February 29, 2012
    According to the latest data from the International Transport Forum, there has been a steep decline in road deaths during first decade of 21st century in 33 countries.
    Read More
  • Congestion and safety concerns over Serbia’s roads
    February 23, 2012
    With traffic flows on the increase, Serbia needs to improve its road network and safety record, reports Gordon Feller. Serbia's road network needs to upgrade its road system against the backdrop of increased traffic flows. Serbia is crossed by segments of the important Trans European network (TEN). Corridor X with its branches Xb (Belgrade-Budapest) Xc (Nis-Sofia), and Xd (Nis-Presevo), represent the most important transit routes in the Republic, connecting Austria/Hungary, Slovenia/Croatia, and Bulgaria/Ma
    Read More
  • Sri Lanka is suffering a worrying increase in road accidents and road related fatalities
    April 19, 2012
    The latest data from Sri Lanka reveals a massive rise in road accidents and the deaths. Finding the root cause is not straightforward however and may be many complex causes for this scenario. Key factors have been identified by local experts however and these include reckless driving without adequate road discipline, the absence of an effective procedure for issuing driving licenses and a lack of any training procedures for drivers as well as other road users. Other key problems include deficiencies in the
    Read More

Highlighted Content