In 2022, the average private passenger auto collision claim for physical damage amounted to 5,992 U.S. dollars in the United States. This is an increase from the 5,136 U.S. dollars seen in the previous year and also marked a 15-year high.
Average value of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022
(in U.S. dollars)
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. (December 6, 2023). Average value of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/830170/collision-claim-size-for-physical-damage-usa/
Insurance Information Institute. "Average value of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022 (in U.S. dollars)." Chart. December 6, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/830170/collision-claim-size-for-physical-damage-usa/
Insurance Information Institute. (2023). Average value of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/830170/collision-claim-size-for-physical-damage-usa/
Insurance Information Institute. "Average Value of Private Passenger Auto Collision Insurance Claims for Physical Damage in The United States from 2007 to 2022 (in U.S. Dollars)." Statista, Statista Inc., 6 Dec 2023, https://www.statista.com/statistics/830170/collision-claim-size-for-physical-damage-usa/
Insurance Information Institute, Average value of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/830170/collision-claim-size-for-physical-damage-usa/ (last visited October 30, 2024)
Average value of private passenger auto collision insurance claims for physical damage in the United States from 2007 to 2022 (in U.S. dollars) [Graph], Insurance Information Institute, December 6, 2023. [Online]. Available: https://www.statista.com/statistics/830170/collision-claim-size-for-physical-damage-usa/
