![]() State Farm, the country’s largest auto insurance company, typically has customers with lower-than-average accident rates. This process involves elaborate risk assessments that make up the basis of the insurance business.Ĭomputer data can create thousands of driver-profile combinations in order to determine:ġ) How many accidents will occur? Or how likely is each to the driver in each car to have an accident?Ĭompanies that insure a lot of young drivers – who are more likely to have accidents – will budget for shorter gaps between crashes. Insurance companies attempt to price your rates low enough to attract you from a competitor, but high enough to still profit in light of future accidents. How do insurance companies pay for these accidents? In short, they do so by getting you to pay for the accident – in advance. While TV advertisements suggest that insurance companies sell protection, there is no doubt that the ir ultimate goal is to make a profit. The average claim for injuries to cover bot h the insured driver and others involved in the crash has risen to $23,450, due to the soaring cost for medical treatment, according to the Insurance Research Council (IRC), a nonprofit research group. In Texas, there were 12,161 crashes resulting in serious injuries in 2018. More than 2 million people are injured in car crashes every year. While the odds of dying from a motor vehicle crash are 1 in 103, the chances of sustaining an injury are far more likely. Of the 10 million accidents that occur every year, from parking lot scrapes to accidents involving police reports and multi-car pileups, just 3 out of every 1,000 accidents involved fatalities, according to the National Safety Council. Over the course of your lifetime, the average person has a total of 3-4 accidents. This suggests that if you got your license at the age of 16, that odds are that you have experienced some kind of crash by the time you reach 34. The car insurance industry estimates that the average driver will file a claim for a collision about once every 17.9 years. ![]() Texas alone, has more than 13 million licensed drivers and over 313,000 miles of public roads, the most of any state. According to Statista, there are over 225 million licensed drivers in the United States with an average of 10 million car accidents every year. If you h ave never been in a car accident, consider yourself lucky. ![]() Home » How Many Times Will You Crash Your Car in Your Lifetime? ![]()
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