A typical one-week hospital stay costs $70,000, according to the Centers for Medicare and Medicaid Services of the United States.
Medical expenses can skyrocket if multiple people get hurt.
The financial costs of a serious injury sustained in a car accident may exceed medical expenses and include administrative costs and lost wages.
According to the National Safety Council, the average economic cost of a fatality in 2019 was more than $1.7 million, and the impact of a disability accident cost nearly $100,000.
Owners of automobiles who do not have sufficient property damage liability coverage may also face high out-of-pocket expenses.
For instance, the price of a 2022 Honda CR-V, one of the most well-liked automobiles on the road, is approximately $25,750.
The prices of many other well-known makes and models are even higher.
