| Passenger Vehicle Collision Coverage Insurance Losses, 2021-2023 Model Years |
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Claim frequency (1) |
Claim severity |
Overall loss (2) |
| Passenger cars (3) |
7.6 |
$9,782 |
$747 |
| Pickups |
5.5 |
9,512 |
524 |
| SUVs |
5.7 |
9,608 |
549 |
| All passenger vehicles (4) |
6.2 |
$9,655 |
$596 |
(1) Per 100 insured vehicle years.
(2) Represents the average loss payment per insured vehicle year.
(3) Includes minivans.
(4) Includes claims from cargo/passenger vans.
Source: Highway Loss Data Institute. |
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