Insurance Data and the Cost of Crashing Sean O Malley Insurance Institute for Highway Safety May 14, 2014 Livonia, Michigan
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.
IIHS vehicle research center
The Big Picture Resident Licensed Registered Total Property Injury Fatalities crashes damage population drivers vehicles only crashes 313,914,040 253,639,386 211,814,830 1,634,000 5,615,000 3,950,000 33,561
Multiple-vehicle crashes
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
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
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
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
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
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
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
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
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
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% 50 51-100 101-250 251-500 501-1,000 > 1,000 50 51-100 101-250 251-500 501-1,000 > 1,000 vehicles per square mile
Total losses under collision coverage
Total losses as percent of all collision claims By model year, claims from March 2011 through February 2012 20% 15% 10% 5% 0% 2012 2011 2010 2009 2008 2007 2006 2005 2004 model year
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% 2004-2012 models from 3/11 thru 2/12 20% 2002-2010 models from 3/09 thru 2/10 2000-2008 models from 3/07 thru 2/08 1998-2006 models from 3/05 thru 2/06 15% 10% 5% 0% 2012 2011 2010 2009 2008 2007 2006 2005 2004 model year (for 3/11 to 2/12 period)
Percent of collision dollars paid for total losses By model year, claims from March 2011 through February 2012 50% 40% 30% 20% 10% 0% 2012 2011 2010 2009 2008 2007 2006 2005 2004 model year
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% 2004-2012 models from 3/11 thru 2/12 10% 2002-2010 models from 3/09 thru 2/10 2000-2008 models from 3/07 thru 2/08 1998-2006 models from 3/05 thru 2/06 0% 2012 2011 2010 2009 2008 2007 2006 2005 2004 model year (for 3/11 to 2/12 period)
Total losses as percent of all collision claims By vehicle type and size class, 2004-12 models from March 2011 through February 2012 20% 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
Percent of collision dollars paid for total losses By vehicle type and size class, 2004-12 models from March 2011 through February 2012 50% 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
Claim size distribution
Distribution of collision claims By claim size and vehicle type, 2010-11 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+
Distribution of dollars paid for collision claims By claim size and vehicle type, 2010-11 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+
Insurance Data and the Cost of Crashing Sean O Malley Insurance Institute for Highway Safety May 14, 2014 Livonia, Michigan
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