Car Insurance Accident Statistics

Car accident statistics are increasing and the average amount of deaths per month is 20 out of 100,000 licensed drivers. An increase in car accident statistics means an increase in car insurance rates.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 19, 2021

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Here's what you need to know...

  • One of the most significant factors contributing to car insurance rates is the ever-increasing number of cars and easy access to loans to acquire these vehicles
  • As a consequence, the competitive environment of car insurance and accidents are directly proportional which means insurance rates are always increasing
  • High records of car accidents also impact car insurance rates by forcing companies to charge more for coverage
  • Make sure you are always comparing several insurance companies before choosing one to provide your insurance coverage

There are many critics of car insurance claiming that insurance is exorbitantly high, but car insurance accident statistics may provide a better analysis.

Get immediate car insurance rates and quotes by entering your zip code today!

How Accident Statistics Impact Car Insurance Rates

Although the probability of car accidents in industrialized nations has decreased due to higher safety standards, experts still claim that an average driver will experience a “near accident” condition every month and is likely to be involved in an accident every six years.

These probabilities are derived from U.S. Government Census Bureau survey that recorded more than 12 million car accidents in 2009. These figures translate to 20 deaths per 100,000 licensed drivers every month. There are certain exceptions to the rule, such as when there is an event or time period that reduces the amount of traffic on the road, like the coronavirus pandemic reducing traffic accidents in numerous cities.

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Cost of Car Insurance Rates

Car insurance coverage and the statics noted also include non-fatal injuries which may cause disability. To pay for medical expenses and related costs of car accidents, insurance companies must also include a premium to cover expensive medical treatments.

Unfortunately, critics of car insurance do not realize that many drivers also undergo severe trauma which may lead to pain and emotional suffering.

Additional costs such as property damages, lost wages, and long absences from a job require significant financial help to cover such conditions.

According to the reports by Insurance Research Council of America, almost one in six drivers is uninsured. If an accident occurs, most of these drivers will have to rely on their health insurance or government sponsorship to pay their medical bills.

Similarly, IRC found that lack of motorist insurance was directly related to unemployment rates in America. Consequently, any major accident is likely to include severe stress and trauma that naturally accompanies an inability to pay for additional medical expenses.

The variances in monthly costs across different regions keeps many motorists from acquiring car insurance which ultimately leads to their worst financial nightmares. Different states have different car insurance rates.

IRC estimates that Southern regions have more than 25 percent drivers who remain uninsured. In contrast, the New England region enjoys the lowest rates for uninsured drivers where uninsured motorist accounts for less than five percent of drivers.

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Most drivers that remain uninsured do so due to high premiums. Ironically, those higher premiums are a consequence of uninsured motorists who end up as a burden on local economies.

Furthermore, analyzing these statistics reveals that drivers are mostly deterred by seemingly high insurance rates which are marginal if they take into account the benefits.

Nevertheless, it is also important to note that accident victims don’t realize that they mostly settle for low financial compensation and accept first or second settlement offers.

Most accident victims are not aware of their financial compensation and incorrectly claim that they are paid less. In fact, these complaints arise due to ignorance and the inability to acquire claims from car insurance companies. Car insurance companies seem to charge exorbitant prices because they are liable to disburse large amount to victims.

Another interesting factor is blaming others for one’s own misdoing. Audit Commission of UK found that nearly 80 percent of the drivers blame someone else for their driving mishap. Only five percent claim responsibility.

Accordingly, a New York State police survey claims that almost all major causes of accidents are under the driver’s control. Speeding, lane changes, and tailgating are some of the most frequent causes of accidents.

Car Insurance Comparison

Many consumers only get quotes from one or two major car insurance companies. Consumers should always compare multiple companies to get the best possible rates. In fact, the internet has made it easier to get multiple quotes from car insurance companies.

However, remember that a cheaper rate does not always mean that it is the best option.

Consider, for example, insurance coverage that does not cover pedestrians. A car accident involving a pedestrian is surely going to make a driver suffer because their insurance company did not cover such liability.

Enter your zip code and get multiple online car insurance quotes now!

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Average Monthly Car Insurance Rates by State