The Economic Effects of Motorcycle Accidents

Motorcycle accidents can cause devastating injuries and take a financial toll. The injuries can range from bruises and cuts to nerve damage. Depending on the severity of your injuries, you may have to pay for surgeries and ongoing therapies. Additionally, your injuries may prevent you from working for months or years. These injuries are costly enough that you should consider pursuing compensation for your losses.

In addition to physical injuries, many motorcycle accident victims are left with life-changing traumatic brain injuries (TBIs). These types of injuries may require limb amputation, intensive physical therapy, and sometimes, medically induced comas. In severe cases, victims may require months of inpatient rehabilitation to regain strength and motor skills.

If a motorcycle rider is knocked off his or her bike during a collision, he or she is susceptible to serious injuries, including fractured bones and internal organ damage. Often, a motorcycle rider will suffer fractured ribs, which can result in further damage to the body. Injury to the pelvis and legs are other common injuries. For those who are injured in a collision, road rash is also common.

Motorcycle accidents are a significant economic burden for society. They result in an estimated $12 billion in yearly costs. Most of these costs are borne by consumers who pay higher insurance premiums. In addition, many of the hospitalization and rehabilitation costs related to motorcycle accidents are covered by Medicaid. Many victims are unable to work, which results in a loss of tax revenue.