Im going to give you an amazing fact to drop in conversations. Its going to make you look really smart. But first, other facts which assert that driving sucks. 1. Urban traffic congestion in 2005 caused the average peak-period travelers to spend thirty-eight extra hours in travel time (Schrank and Lomax 2007). This wasted time costs the country $78 billion annually, which is almost exactly the size of the entire U.S. federal transportation budget. 2. There are other externalities than sitting in traffic. Accidents cost the United States $433 billion in 2000 (Parry, Walls, and Harrington 2007). 3. The car fleet runs mainly on gasoline, and that emits carbon. Best way to reduce all these costs? Cut through the carbon and economic losses? Pay-as-you-drive insurance. If all drivers nationwide were covered by pay-as-you-drive policies, not only would the average driver save $270 per month, total miles driven would fall by about 8 percent. That many fewer miles traveled would save 58.9 billion dollars annually (Noel & Bordoff, 2008). So next time someones like man, driving sucks or I wish we emitted less carbon, you can be like we could cut national carbon emissions by 2% just by switching to pay-as-you-drive insurance. Add to GDP while were at it. Save 2/3rds of drivers money each month. Okay stop, youve made your point.
Posted on: Sat, 23 Nov 2013 10:09:42 +0000
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