Accident Exchange discovery

Over one in 10 collisions results in a write-off, Accident Exchange

Statistics reveal 257,000 write-offs annually; valued almost £2billion

The true impact of road accidents in the UK was recently exposed by an Accident Exchange study which revealed that over one in ten collisions results in a vehicle being written off.

Data analysis showed that over twelve months, the number of cars written off topped 257,000 at a cost totalling just under £2billion.

New car owners were found to be surprisingly susceptible; more than two percent of vehicles written-off – over 5,000 – are less than 12-months old.

With harsher weather conditions and darker roads, November proved to be particularly hazardous month – seeing more insurance write-offs than any other month, and the final quarter of the year accounted for up to 30 percent of the annual total.

The investigation highlights a clear summer-winter divide in the frequency of write-offs, with the summer months of May, June and July seeing the fewest total losses.

Liz Fisher, Sales Director at Accident Exchange, commented:  “A total loss generally indicates that a serious accident has taken place, and the research shows that they are perhaps more prevalent than anyone expects. Our analysis also highlights the staggering value of vehicles written-off annually.