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 […]
GEICO First-Quarter Underwriting Earnings Fall 34.8% as Claim Frequency Declines Reverse
Private passenger auto claim frequencies and severity climbed across all coverages in the first quarter, reversing recent favorable trends. GEICO’s pre-tax underwriting earnings fell to $1.416 billion in the first quarter of 2026, down $757 million, or 34.8%, from $2.173 billion in the first quarter of 2025, Berkshire Hathaway disclosed in its quarterly report filed […]
Collision Coverage Claims Were Down Over 11% in Fourth Quarter of 2025 Compared to the Previous Year
While the rate of decline ticked up slightly from the third quarter, it remained better than the first and second quarter results. Quarterly collision claim counts have been down versus the previous year for eleven consecutive quarters. The latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS) showed that the […]
HLDI Study Finds Bundled Crash Avoidance Systems on Mazda Vehicles Cut Insurance Claims Up to 39%
While frequency is down, average severity is up due to cost of replacing sensors and reduction in lower speed, lower dollar claims. Stacking multiple advanced driver assistance systems together and upgrading them over time delivers compounding crash reductions, according to a new study from the Highway Loss Data Institute (HLDI) that examined six feature bundles […]
GEICO Reports $45.2 Billion Premiums Written in 2025
Private passenger auto claims frequencies for property damage and collision coverage declined while severity increased. Berkshire Hathaway reported its full year 2025 earnings on Saturday, February 28, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings totaled $6.824 billion in 2025, down $989 million, or 12.7%, […]
Mitchell Reports EV Collision Claims Rose 14% in U.S., 24% in Canada in 2025
Battery electric vehicle collision claims continued to climb in the U.S. and Canada in 2025 even as new BEV sales declined, according to Mitchell’s latest Plugged-In: EV Collision Insights report published Feb. 19. BEVs accounted for 3.07% of all repairable automobile claims in the U.S. last year, a 14.1% increase from 2024. In Canada, repairable […]
Collision Coverage Claims Were Down Over 10% in Third Quarter of 2025 Compared to the Previous Year
While down, the rate of decline was lower than both the first and second quarter. Quarterly collision claim counts have been down versus the previous year for ten consecutive quarters. 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 […]
Mitchell Reports Record BEV Collision Claims Frequency in Q3
Electric vehicle collision claims rebound as expiring U.S. government tax incentives drive record sales. Battery electric vehicle (BEV) collision claims frequency reached an all-time high of 3.21% in the third quarter of 2025, rebounding after dropping for the first time in the second quarter, according to Mitchell’s latest Plugged-In: EV Collision Insights report released today. […]
Collision Coverage Claims Were Down Over 11% in Second Quarter Compared to 2024
While down, the rate of decline was lower than in the first quarter. Quarterly collision claim counts have been down versus the previous year for nine quarters. 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 slowed […]
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