The frequency of private passenger auto collision insurance claims for physical damage in the United States dropped sharply in 2020 and remained low in 2021, falling to 4.46 per 100 car years. This compares to 5.96 claims per 100 car years in 2019, and 5.2 claims in 2007. Most likely, the primary reason for this decline was the reduction in traffic due to the coronavirus (COVID-19) pandemic. In 2022, insurance claims for physical damage in the United States slightly increased to 4.88 per 100 cars.
Frequency of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022
The source adds the following information: "claim frequency is claims per 100 car years. A car year is equal to 365 days of insured coverage for one vehicle."
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Insurance Information Institute. (September 10, 2024). Frequency of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/830102/car-collision-claim-frequency-for-physical-damage-usa/
Insurance Information Institute. "Frequency of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022." Chart. September 10, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/830102/car-collision-claim-frequency-for-physical-damage-usa/
Insurance Information Institute. (2024). Frequency of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/830102/car-collision-claim-frequency-for-physical-damage-usa/
Insurance Information Institute. "Frequency of Private Passenger Auto Collision Insurance Claims for Physical Damage in The United States from 2007 to 2022." Statista, Statista Inc., 10 Sep 2024, https://www.statista.com/statistics/830102/car-collision-claim-frequency-for-physical-damage-usa/
Insurance Information Institute, Frequency of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022 Statista, https://www.statista.com/statistics/830102/car-collision-claim-frequency-for-physical-damage-usa/ (last visited October 30, 2024)
Frequency of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022 [Graph], Insurance Information Institute, September 10, 2024. [Online]. Available: https://www.statista.com/statistics/830102/car-collision-claim-frequency-for-physical-damage-usa/
