Parking lots, often seen as low-risk spaces, actually account for 20% of all vehicle accidents in the U.S. 

Each year, over 50,000 crashes and 60,000 injuries occur in parking lots. 

Many of these incidents involve distracted driving, such as texting or using GPS systems. 

While exact insurance claim numbers are hard to pin down, it’s clear that parking lot accidents lead to a significant portion of overall car insurance claims, especially during busy shopping seasons.

Increased foot traffic, congested spaces, and inattentive drivers create a perfect storm for minor collisions. 

Unfortunately, many of these fender-benders go unreported, and when they do get reported, they contribute heavily to auto insurance claims. 

Holiday seasons see spikes in these accidents, making the problem even more pressing for parking lot owners and users.

How much does it cost yearly for property or building managers to fix damages to columns in parking lots done by cars?

While there’s no precise data on the yearly costs property managers face when repairing parking lot columns, we can look at general parking garage maintenance expenses for insight. 

The average annual operating and maintenance costs for parking garages range from $440 to $660 per parking space, covering routine inspections, repairs, and upkeep.

Damage to structural columns likely falls within these expenses, with repair costs depending on several factors such as the garage’s age, design, and local weather. Preventative measures, like protective barriers around columns and regular maintenance, can help minimize long-term expenses and protect parking facilities from frequent damage.

Incorporating design features, such as wider beam spacing or column protection, can further reduce the risk of accidents and maintenance costs. Property managers should invest in preventive measures to avoid costly repairs over time.

Hit a pillar in a parking lot. How much do you think this will cost to fix? Worth filing an insurance claim?
byu/GryffindorGhostNick inmazda3

Innovative Parking Solution

Cingo’s custom protective column wraps are designed to address these very issues. By shielding structural columns from vehicle damage and improving wayfinding for drivers, Cingo enhances both safety and navigation in parking lots. Our wraps also protect full walls.