What is the Average Cost of Motorcycle Accident Injuries?

What is the Average Cost of Motorcycle Accident Injuries?

What is the Average Cost of Motorcycle Accident Injuries?
What is the Average Cost of Motorcycle Accident Injuries?

One of the most challenging types of speeches that we may be asked to give is a speech that contains numbers. Our audience will be attending our speech in order to learn something. This means that it is going to be our responsibility to do our homework and collect all of the numbers that we are going to need. Once we have our numbers, we’ll need to take the time to make sure that we’ve put our information into a format that our audience will be able to understand. Let’s take a look at how we could determine that the average cost of motorcycle accident injuries are.

Motorcycle riders enjoy the freedom that their bikes can bring them. However, this freedom can come at a high price if they are involved in an accident.

Any automobile accident can result in significantly high expenses. However, the average cost of motorcycle accidents is even higher. 

Since motorcycle riders do not have much to protect them in an accident, they can suffer catastrophic injuries and expenses more often than those that drive a car. Whether they collide with another vehicle, an object, or lose control, it comes as no surprise how quickly the expenses add up.

Medical Cost of Motorcycle Accidents

Medical costs can be, by far, the most expensive cost associated with a motorcycle accident. Depending on the severity of the injury, the safety equipment worn, the state where the accident occurred, and other factors, the actual cost can vary. The type of medical insurance or if the victim even has insurance will significantly impact the real out of pocket costs. 

In fact, the medical costs for motorcycle accident victims versus car accidents average out to twice as high over the initial two years after the accident.

The National Highway Traffic Safety Administration says that when calculating the cost of motorcycle accidents, medical expenses come out on top.

When you consider the price of a hospital visit, tests and imaging, surgery, prescriptions, follow up appointments, and ongoing treatment after an accident, it is no surprise at how quickly the costs rack up. 

One key factor in the total costs of medical care is whether or not the riders were wearing a helmet. On average, the average hospital costs for bodily injuries for a helmetless rider that survives the accident can range anywhere from $7,000 to $30,000. Meanwhile, hospital costs for helmeted riders average out to around $15,000 on average. 

If a motorcycle rider sustains a head injury, the treatment for just the head injury generally is in the $20,000 range. If the injury is severe enough to warrant a trip to a trauma center, this cost skyrockets to $43,000 on average.

All told, the average range of medical costs can be as low as $2,500 or as high as $1.4 million.

Long-Term Medical Costs

In more severe accidents, the medical costs don’t stop after the initial care and healing period.

Some of the injuries leading to long-term costs include:

  • Traumatic Brain Injury
  • Neck Injuries
  • Loss of Limb(s)
  • Spinal Cord Injuries
  • Severe burns
  • Nerve Damage

Such injuries could result in multiple surgeries and hospitalizations, long-term medication costs, ongoing doctor visits, physical therapy, and more. In the most extreme cases, you may also need to pay for long-term counseling and treatment or care in a specialized care facility or rehabilitation center. 

It is hard to calculate the long-term costs associated with a motorcycle accident entirely. Depending on the injury, the victim could suffer from secondary issues such as migraines, radiating pain, psychological problems, and other ailments. With these, the costs may not relate easily to the accident.

Property Damage

Property damage costs also vary based upon the individual determined to be at fault and the severity of the accident.

In some incidents, you may need to make minor repairs to your motorcycle. However, more severe events will require the replacement of your bike. 

Other property damaged in the accident, from gear to other vehicles to buildings, could also be your responsibility. These damages will just add to the average cost of a motorcycle accident.

Depending on who is at fault for the accident, you may also be liable for the property damage suffered by others.

When it comes to the actual out of pocket costs, insurance once again plays a crucial part.

Personal Costs

One set of costs that those that are involved in a motorcycle accident may not think of are the personal and social costs. 

Several reports have shown that the average cost each year for suffering, pain, and quality of life comes in at an estimated $11.5 billion. It is hard to quantify these for an average for each person. Some examples of losses for suffering, pain, and quality of life can come from depression, grief, loss of enjoyment, PTSD, and more. 

When accounting for lost wages, approximately $6.5 billion is lost each year. The cost varies for each person based on their hourly rate or salary if they have disability coverage, and possible loss of extra pay like commissions or bonuses. If you become disabled, the cost goes even higher as you are missing out on potential future earnings increases. 

If you or a loved one, unfortunately, endures a fatal injury, the average cost of a motorcycle accident is $211,000 in personal/social damages.

Besides, you will also need to account for higher insurance premiums or a possible loss of coverage after the accident.

Following a motorcycle accident, lawyers tend to enter the scene as well, especially when multiple parties or high costs are involved.  

Final Numbers

In 2012, the U.S. Government Accountability Office estimated that the total measurable cost of motorcycle crashes were $16 billion in 2010.

The Centers for Disease Control estimated that the costs sustained by the economy as a result of motorcycle accidents were $12 billion in 2012.

Regardless of the final numbers, the average cost of a motorcycle accident can prove to be a burden for many. The significant damage to the body, property, and other intangibles just adds to the severity of the accident. Be sure to limit your exposure by practicing safe riding principles and wear your safety gear.

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