An accelerating increase in paid claim cost more than offset a continued drop in claim counts, pushing quarterly losses higher for the second consecutive quarter. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the year-over-year rate of decline in quarterly collision coverage claims held steady in […]
State Farm Paid $1.9 Billion in Animal Collision Claims as National Odds Improve
Odds of striking animals declined compared to previous 12 month period. State Farm paid $1.9 billion in animal-vehicle collision claim costs in the 12 months ended June 30, according to state-by-state data the insurer released Sept. 15, while the national odds of a driver striking an animal improved to 1 in 145 from 1 in […]
Mitchell Reports BEV-ICE Repairable Claims Severity Gap Narrowed to Record Low in Q2
The gap in average claims severity between repairable battery electric vehicles and gasoline-powered automobiles narrowed to the lowest level on record in both the U.S. and Canada during the second quarter, according to Mitchell’s Q2 2026 Plugged-In: EV Collision Insights report released Aug. 20. Average repairable severity in the U.S. was $5,684 for BEVs compared […]
IIHS-HLDI’s Moore Says Crash Avoidance Systems Lower Overall Losses Even as Repair Costs Climb
HLDI data shows sensor-equipped vehicles carry higher claim severity but sharply lower claim frequency, producing lower overall losses. Crash avoidance systems raise the cost of the repairs they fail to prevent while reducing what insurers pay out overall, according to a commentary published Aug. 11 by Matt Moore, chief insurance operations officer at the Insurance […]
GEICO Second-Quarter Underwriting Earnings Fall 45.4% as Claim Frequency Increases Accelerate
Property damage and collision claim frequencies rose in the 3% to 5% range through the first six months of 2026, widening the reversal that began in the first quarter. GEICO’s pre-tax underwriting earnings fell to $994 million in the second quarter of 2026, down $827 million, or 45.4%, from $1.821 billion in the second quarter […]
Collision Coverage Losses Rose in First Quarter of 2026 for the First Time in Over Two Years
Increase in paid claim cost more than offset the continued drop in claim counts, which slowed to the smallest year-over-year decline in two years. Quarterly collision claim counts have been down versus the previous year for twelve consecutive quarters. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed […]
Brownsville Repeats as Safest Driving City, Boston as Riskiest, in Allstate’s 18th Best Drivers Report
Allstate pairs its claim frequency rankings with new Drivewise telematics data on speeding, phone use, hard braking and nighttime driving. Brownsville, Texas, ranked as the safest U.S. city for driving for the second consecutive year while Boston again ranked the most collision-prone, according to Allstate’s 2026 America’s Best Drivers Report released July 1. Drivers in […]
Toyota’s Collaborative Safety Research Center Launches 10 Projects Spanning Crash Prevention, Driver Behavior and Injury Science
Toyota’s Collaborative Safety Research Center announced 10 new safety research projects June 2, partnering with seven universities and private-sector organizations to study how vehicles can better prevent crashes, how driver behavior shapes risk and how the human body absorbs the force of a collision. The detection, warning and driver-assistance work Toyota is funding targets the […]
Distracted Driving, Bodily Injury and Policy Shopping Reshape Auto Insurance Risk
LexisNexis annual U.S. auto insurance trend report says insurance cost figuring more prominently in auto purchase decisions. LexisNexis Risk Solutions on May 19 released its 2026 U.S. Auto Insurance Trends Report, which aggregates and analyzes market data from prior years on driving behavior, policy shopping, rate impacts, vehicle mix and claims outcomes. The annual report […]
Mitchell Reports Mild Hybrid Collision Claims Hit Record High in Q1 as BEV Claims Level Off
Mild hybrid electric vehicle collision claims reached an all-time high in North America during the first quarter while battery electric vehicle claim frequency held flat, according to Mitchell’s Q1 2026 Plugged-In: EV Collision Insights report released May 14. Repairable collision claims involving MHEVs jumped to 5.69% in the U.S. and 5.28% in Canada, representing year-over-year […]
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