Passenger Vehicle Collision Coverage Insurance Losses, 2016-2018 Model Years |
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Claim frequency (1) |
Claim severity |
Overall loss (2) |
Passenger cars and minivans |
8.4 |
$5,949 |
$501 |
Pickups |
6.2 |
6,100 |
380 |
SUVs |
6.5 |
6,045 |
393 |
All passenger vehicles (3) |
7.3 |
$6,005 |
$438 |
(1) Per 100 insured vehicle years.
(2) Represents the average loss payment per insured vehicle year.
(3) Includes claims from cargo/passenger vans.
Source: Highway Loss Data Institute. |
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