Study
| EST. READ TIME 1 MIN.Public Auto Insurance: A Mortality Warning for Motorists
Many Canadians see motor vehicle ownership and operation as a necessity of modern life. For example, usages rates (the ratio of drivers to population) are very high, averaging over 90 percent for most driving age groups.
However, driving a vehicle is also a relatively dangerous activity.
Though only 1.4 per cent of all deaths in Canada are attributed to vehicle collisions, more than one-third of accidental deaths are caused by such collisions. These rates rise to one-third of all deaths, and over 70 percent of accidental deaths, for young people aged 15 to 24. The odds of a death by collision are 30 times higher for these young people than for the rest of the population.
Collisions are the leading cause of severe injuries for Canadians under the age of 65, typically requiring surgery and time in an intensive care unit. While the number of collisions is down 11 percent over the past decade - owing to better driving habits, tougher drunk driving laws and safer vehicle design - there are still over 220,000 injuries and over 28,000 acute care hospital injury admissions every year.
Vehicle collisions also create a substantial economic and financial cost.
Share
-
Mark Mullins
Mark Mullins is the former executive director of the Fraser Institute as well as the Institute's former director of Ontariopolicy studies. He has published numerous studies on government finance, tax policy, and value-for-money issues. Prior to joining the Fraser Institute in 2003, Dr. Mullins served as President of MSG Hedge Corporation, a privately owned consulting firm and as Senior Vice-President and Chief Economist at Midland Walwyn Capital Inc., where he was responsible for communicating the firm's outlook on the North American economy and financial markets. Dr. Mullins also brings extensive applied policy experience, having served as economic and fiscal policy advisor to the Canadian Alliance Party, the Progressive Conservative Party of Canada, and the Progressive Conservative Party of Ontario. Mark Mullins has an M.A. from the University of Western Ontario and a Ph.D. from the London School of Economics and has written extensively on subjects such as Canadian tax reform, health policies, and stock market and investment issues. He is a member of Ontario's Task Force on Competitiveness, Productivity and Economic Progress and a regular media commentator.… Read more Read Less…
Related Topics
Related Articles
By: Lawrence Schembri and Steven Globerman
By: Jock Finlayson
By: Jake Fuss and Grady Munro
By: Herbert Grubel and John Greenwood