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

  • Asphalt plant technology and effects on production costs
    November 14, 2017
    Asphalt plants are industrial units capable of producing asphalt on a full-scale basis An asphalt plant has several key functions and is designed to accurately dose the aggregates and asphalt to ensure the correct proportions, as established in the mix. The plant should dry and heat the aggregates completely, regardless of their nature and characteristics, in order to obtain perfect adhesiveness with the asphalt binder. The drying system’s combustion gases have to be filtered so that fine aggregates tran
    Read More
  • Vietnam lowers accident tally for number of people injured yearly
    August 9, 2016
    The number of people injured in traffic accidents in Vietnam fell by 1,360 from a year ago to 10,286 in the first seven months of 2016. However, around 2.5% of Vietnam’s GDP is lost each year because of traffic accidents, according to the National Traffic Safety Committee. An average of 60 people are injured and 24 people die daily due to road accidents. Also, The number of traffic accidents declined by 1,058 to 11,852 cases while the number of deaths decreased by 144 to 5,023. In May, the comm
    Read More
  • The drive for safer roads around the world
    October 1, 2019
    The world’s roads are dangerous places. Around 1.35 million/year are killed in road crashes, according to data collated by the World Health Organization (WHO). Just 28 countries are rated as having adequate laws covering the five biggest risk factors in crashes according to WHO: speed; DUI; helmets; seat belts; child restraints. Europe has the world’s safest roads, with the lowest level of road casualties/year. Around 9.2 people/100,000 of population are killed on Europe’s roads/year on average. Africa m
    Read More
  • Polish road safety continues to improve
    January 16, 2014
    Official data from Poland shows a continued improvement in road safety. The data reveals that there were 5% fewer accidents, almost 8% fewer fatalities, a 5% decrease in injuries and a 5% reduction in drink-drivers. The information was made available recently through Pan-European police body TISPOL. According to TISPOL, the statistics confirm that police action can be effective in reducing vehicle crashes. Comparing the data for 2013 with statistics for 2012 and 2011 reveals a notable drop in road crashes,
    Read More

Highlighted Content