Accident Facts that Affect your Auto Insurance Rates

Although auto insurance quotes are primarily influenced by the applicant, carriers also base their premiums on accident statistics and these can have a far-reaching effect on auto insurance rates. The following facts may come as a surprise to many US road users:

  • Busy roads and highways ultimately lead to an increase in the number of accidents that occur. At the present time, there are more than 230,000,000 licensed drivers in the United States. There are more than 7,000,000 road traffic accidents each year and 3,500,000 of these result in injuries
  • Road traffic accidents cost US motorists more than $5,000 per second. In the time it has taken you to read this fact, a further $25,000 has been added to the annual bottom line
  • Accident statistics indicate that most drivers will be involved in a near-miss between one and three times every month. A collision is likely to occur once in every five to eight years and young drivers are twenty-two times more likely to collect speeding tickets than road users over sixty-five years of age
  • Accidents have always been a problem for auto insurance companies but in 1896, only four vehicles in total were registered throughout the entire United States. Two of these were involved in a collision in the St Louis area in the same year
  • The most solitary tree in the world can be found at an oasis in the Tenere Desert in South Africa. Although there isn’t another tree within a 30-mile radius, a truck still managed to crash into it in 1960