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| Released: Wednesday 7th May 2008 FOREIGN LORRIES ARE 'SIDE SWIPING' £52m OFF UK ROADS Accidents caused by foreign lorries are costing nearly £52m every year, new research suggests. According to analysis by Accident Exchange, one of the UK’s leading accident management specialists, the annual number of crashes on UK roads involving foreign registered lorries could be as high as 9,800*. The company drew its conclusions after looking at over 100,000** reported road traffic incidents it had handled between March 2006 and March 2008. The majority – 46 percent – of incidents involving foreign lorries occurred on motorways with the M25 accounting for around 42 percent of that figure. Due to the speeds travelled and size of the vehicles involved, repair bills averaged nearly £3,750 but were in some cases as high as £5,647. Independent insurance assessors classified nearly 1 in 10 as total write-offs. “The rate of incidents may be rising, but so too is the escalating cost,” explains Steve Evans, chief executive of Accident Exchange. Accident Exchange data suggests that foreign lorries are now responsible for one out of every 350 accidents leaving a bill of £2.8m*** in lost working hours and £48.9m**** in vehicle repairs, write-offs and personal injury claims. In total, an estimated £52m annually. ‘Side swiping’, which refers to the blind spot of left-hand-drive Heavy Goods Vehicles (HGVs), remains the biggest cause of lorry accidents. Last December, the Department of Transport issued more than 90,000 Fresnel lenses – a thin optical lens of plastic that improves rear visibility - to foreign lorry drivers in an effort to tackle the problem. “The awareness of British drivers to the dangers is just as important if this figure is to be reduced,” adds Evans. “Too few UK motorists realise that left-hand drive HGVs are unable to see vehicles overtaking them on the right. A greater appreciation would help.” * Analysis of Accident Exchange RTA data between March 2006 and March 2008 shows that foreign lorries accounted for an average of 0.28 percent of all claims annually. On average, 3.5m motor related accidents are recorded annually in the UK. ** Accident Exchange handled 100,072 reported RTAs between March 2006 to March 2008. *** Accident Exchange calculates 9,800 foreign lorry accidents annually x 3.53 days lost by the innocent party dealing with the aftermath of the accident x £78.45 in cost of absent employee (Chartered Institute of Personnel & Development ‘Absence Management Report July 2007’) = £2.8m **** Estimated total number of foreign lorry accidents is 9,800. Estimated 980 write-offs (representing 1 in 10) at an average of £12,500 equals £12.25m. Based on average repair bill of £3,750 multiplied by the estimated 8,820 remaining damaged vehicles adds another £33.1m. Motor related Personal Injury claims stands at approximately £1bn annually equate to an estimated additional £3.5m bill. << News Archive For further information / copyright-free photography, please contact: |
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| Accident Exchange Limited is a subsidiary company of the Accident Exchange Group Plc | Legal | Copyright © 2007 Accident Exchange Ltd |
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