Insurance Data and the Cost of Crashing

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1 Insurance Data and the Cost of Crashing Sean O Malley Insurance Institute for Highway Safety May 14, 2014 Livonia, Michigan

2 The Insurance Institute for Highway Safety Founded in 1959 Independent, nonprofit, scientific, and educational organization Mission - Reducing highway losses (deaths, injuries, and property damage) The Highway Loss Data Institute Founded in 1972 Perform scientific studies of insurance data Publish insurance loss results Both organizations are 100% supported by auto insurers.

3 IIHS vehicle research center

4 The Big Picture Resident Licensed Registered Total Property Injury Fatalities crashes damage population drivers vehicles only crashes 313,914, ,639, ,814,830 1,634,000 5,615,000 3,950,000 33,561

5 Multiple-vehicle crashes

6 Point of impact distribution for crash pairs Matched collision and PDL claims 50% 40% 30% 20% 10% front 0% left side rear PDL claim (struck) vehicle front left side rear right side right side collision claim (striking) vehicle

7 Collision damage amount by point of impact pairs Matched collision and PDL claims $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 front left side rear PDL claim (struck) vehicle front left side rear right side right side collision claim (striking) vehicle

8 PDL damage amount by point of impact pairs Matched collision and PDL claims $6,000 $4,000 $2,000 front $0 rear left side PDL claim (struck) vehicle front left side rear right side right side collision claim (striking) vehicle

9 Average collision damage amount for s By type of struck vehicle $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 mini luxury minivan struck (PDL claim) vehicle very

10 Average collision damage amount for s By type of struck vehicle $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 mini luxury minivan struck (PDL claim) vehicle very

11 Average collision damage amount for s By type of struck vehicle $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 mini luxury minivan struck (PDL claim) vehicle very

12 Average PDL damage amount for s By type of striking vehicle $5,000 $4,000 $3,000 $2,000 $1,000 $0 mini luxury minivan striking (collision claim) vehicle very

13 Average PDL damage amount for s By type of striking vehicle $5,000 $4,000 $3,000 $2,000 $1,000 $0 mini luxury minivan striking (collision claim) vehicle very

14 Average PDL damage amount for s By type of striking vehicle $5,000 $4,000 $3,000 $2,000 $1,000 $0 mini luxury minivan striking (collision claim) vehicle very

15 Percent of crash pairs with front-to-rear and front-to-front POIs By vehicle density category 60% 50% front impact on striking vehicle and rear impact on struck vehicle 40% 30% 20% front impact on striking vehicle and front impact on struck vehicle 10% 0% ,000 > 1, ,000 > 1,000 vehicles per square mile

16 Total losses under collision coverage

17 Total losses as percent of all collision claims By model year, claims from March 2011 through February % 15% 10% 5% 0% model year

18 Total losses as percent of all collision claims By model year, claims from March 2011 through February 2012 vs. claims from 3 prior studies 25% models from 3/11 thru 2/12 20% models from 3/09 thru 2/ models from 3/07 thru 2/ models from 3/05 thru 2/06 15% 10% 5% 0% model year (for 3/11 to 2/12 period)

19 Percent of collision dollars paid for total losses By model year, claims from March 2011 through February % 40% 30% 20% 10% 0% model year

20 Percent of collision dollars paid for total losses By model year, claims from March 2011 through February 2012 vs. claims from 3 prior studies 50% 40% 30% 20% models from 3/11 thru 2/12 10% models from 3/09 thru 2/ models from 3/07 thru 2/ models from 3/05 thru 2/06 0% model year (for 3/11 to 2/12 period)

21 Total losses as percent of all collision claims By vehicle type and size class, models from March 2011 through February % 16% 12% all-vehicle result = 11.6% 8% 4% 0% regular s regular s regular s sports s luxury s minivans s s s s s luxury s

22 Percent of collision dollars paid for total losses By vehicle type and size class, models from March 2011 through February % 40% all-vehicle result = 39.1% 30% 20% 10% 0% regular s regular s regular s sports s luxury s minivans s s s s s luxury s

23 Claim size distribution

24 Distribution of collision claims By claim size and vehicle type, models 35% 30% automobiles motorcycles 25% 20% 15% 10% 5% 0% $0-999 $5,000-5,999 $10,000-10,999 $15,000-15,999 $20,000+

25 Distribution of dollars paid for collision claims By claim size and vehicle type, models 35% 30% automobiles motorcycles 25% 20% 15% 10% 5% 0% $0-999 $5,000-5,999 $10,000-10,999 $15,000-15,999 $20,000+

26 Insurance Data and the Cost of Crashing Sean O Malley Insurance Institute for Highway Safety May 14, 2014 Livonia, Michigan

27 North American Light Vehicle Metallic Material Trends PRESENTATIONS WILL BE AVAILABLE MAY 16 Use your web-enabled device to download the presentations from today s event Great Designs in Steel is Sponsored by:

Rates of Motor Vehicle Crashes, Injuries, and Deaths in Relation to Driver Age, United States,

Rates of Motor Vehicle Crashes, Injuries, and Deaths in Relation to Driver Age, United States, RESEARCH BRIEF This Research Brief provides updated statistics on rates of crashes, injuries and death per mile driven in relation to driver age based on the most recent data available, from 2014-2015.