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You are here: Home / News / State Farm Reports Average Auto Hail Claims $5,000

State Farm Reports Average Auto Hail Claims $5,000

March 15, 2022 By CollisionWeek Editor

State Farm reported that the overall number of hail claims and cost in 2021 were lower than 2020.

Total Auto and Home insurance claims were $2.5 billion in 2021, down from $3.1 billion in 2020. Auto hail claims totaled $480 million.

In 2021, the average homeowner claim totaled more than $12,000, even with last year, and the average auto claim came in at $5,000, up 16.3% from $4,300 last year.

Texas, the #1 state for hail claims in 2021, increased in claim cost from $474.6 million to $710 million in 2021. In that same timeframe, Oklahoma moved into the

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Filed Under: News Tagged With: Claim Severity, Hail, State Farm

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