CRISP’s 2010 Collision Cost Study estimated that crashes in the Capital Region cost nearly $1 billion with each fatal collision costing more than $180,000, each injury collision costing almost $40,000 and the average collision that only involves property damage costing approximately $11,000.
The feedback from this report was so favourable, that a new report has been completed. The updated results show that the cost per collision type has increased to each fatal collision costing more than $225,000, each injury collision costing almost $50,000 and the average collision that only involves property damage costing just over $14,000. At the same time, the frequency of collisions has reduced significantly in all areas bringing the overall cost of collisions in the Capital Region to over $800,000 million. Still a staggering amount.