United States Department of Transportation
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Revised Costs of Large Truck-and Bus-Involved Crashes
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2002-11-01
[PDF-551.98 KB]
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Alternative Title:Revised costs of large truck and bus-involved crashes;Revised costs of large truck and bus involved crashes;
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Abstract:This study provides the latest estimates of the costs of highway crashes involving large trucks and buses by severity. Based on the latest data available, the estimated cost of police-reported crashes involving trucks with a gross weight rating of more than 10,000 pounds averaged $59,153 (in 2000 dollars). The average cost of police-reported crashes involving transit or inter-city buses was $32,548 per crash. These costs represent the present value, computed at a 4 percent discount rate, of all costs over the victim’s expected life span that result from a crash. They include medically related costs, emergency services costs, property damage costs, lost productivity, and the monetized value of the pain, suffering, and quality of life that the family loses because of a death or injury.
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