Study Shows that Financial Incentives for Drivers Reduces Speeding

Speeding kills. According to government statistics, approximately 12,000 Americans die every year in car accidents caused by speeding. Officials have attempted to reduce speeding on United States roads in many different ways, but nothing has had a dramatic impact.

A new study, however, may have found a way to decrease speeding and keep our roadways safer. In a study partly funded by the National Highway Traffic Safety Administration (NHTSA), researchers placed a small GPS device in participants' cars. The GPS system reported the speed of the car against the posted speed limits and alerted the driver when he or she went over the limit. The participants were also promised a $25 prize at the end of the week. If they sped, however, they were penalized and their prize money decreased. If drivers drove five to eight mph above the speed limit, they lost three cents from their prize. If they drove nine or more miles per hour above the posted speed limit, they lost six cents.

The study revealed that the alert system combined with the financial incentive worked. Speeding was reduced considerably and egregious speeding - driving nine or more miles per hour over the speed limit - was almost eliminated.

A spokesperson for NHTSA opines that insurance companies may begin using GPS systems to lower car insurance premiums for safe drivers. Most car insurance companies already provide incentive-based discounts on premiums. Combining this technology with a discount program may reduce traffic fatalities and improve road safety.

Injured In An Accident By An Aggressive Driver?

Unfortunately, at this time drivers are not receiving a financial incentive to reduce their speed and speeding continues to be a safety issue. Speeding is a type of aggressive driving that seriously affects the well-being of all drivers on the road. NHTSA defines aggressive driving as "a combination of moving traffic offenses so as to endanger other persons or property." In addition to speeding, aggressive driving can include:

  • Running red lights
  • Tailgating
  • Weaving in and out of traffic
  • Failing to yield the right of way
  • Failing to signal
  • Cutting off other drivers

Car accidents caused by aggressive drivers can cause serious injuries and sometimes even death. If you or a family member has been injured in a car accident caused by an aggressive driver, you are entitled to compensation for your injuries. Compensation can include money for medical bills, pain and suffering and lost wages. Contact an experienced car accident attorney to learn more about your rights.