Speeding Crashes Cost New York Drivers More Than Time

You might think that speeding will save you some major time, but instead it can cause injuries, damaged cars, and large bills. A new study found that speeding played a part in 592,753 U.S. crashes in 2024 and that number is probably higher today.

Most Crashes Were Not Deadly

Only 10,203 crashes were fatal. Another 213,696 caused injuries, while 368,854 caused property damage. Injury and property damage crashes made up more than 98.1 percent of the total.

Speeding Costs Everyone Money

The federal estimates have the cost of speeding crashes at $46 billion. That is over $140 for every person in the country. The study also revealed that speeding creates nearly 15 percent of the cost of all U.S. crashes.

Costs Reach Beyond the Driver

A crash can bring medical bills, missed work, car repairs, rental costs, and insurance claims. Cities also pay for emergency workers and road closures. Insurers may spread costs across customers through premiums.

New York Is Among the Top Ten

New York was among the 10 states with the highest total number of fatal speeding crashes and deaths back in 2024. The study did not place New York among states with the highest population based rates.

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Speeding Saves Very Little Time

A separate study looked at 120 million vehicle trips. It found that following the speed limit added only 54 seconds to an average drive of 28.6 miles. For New York drivers, the message is pretty simple. Speeding may save less than a minute, but one crash can create bills and problems that last for months or years.