Costs Associated With Traffic Crashes Nearly $300 Billion a Year, AAA Says

November 3, 2011 Updated Nov 3, 2011 at 2:21 PM EDT

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Costs Associated With Traffic Crashes Nearly $300 Billion a Year, AAA Says

November 3, 2011 Updated Nov 3, 2011 at 2:21 PM EDT

According to a report released by AAA on Thursday, the annual cost of traffic crashes in the U.S. is nearly $300 billion per year.

That total equates to an annual cost of more than $1,500 per person in the U.S., according to a story on the AAA website.

"This report further underscores the importance of a long-term, multi-year federal transportation bill that will provide the necessary and sustained investments that lead to better and safer roads for all Americans,” AAA President and CEO Robert L. Darbelnet said in the AAA story.

Read the AAA story HERE.