Current Table

Homeowners Insurance Claims And Payout for Lightning Losses, 2017-2022
Export To Excel

 

Year Value of claims
($ millions)		 Number
of claims		 Average cost
per claim
2017 $917 85,020 $10,781
2018 909 77,898 11,668
2019 920 76,860 11,971
2020 2,067 71,551 28,885
2021 1,313 60,851 21,578
2022 952 62,189 15,280
Percent change       
2022-2021 -27.6% 2.2% -29.2%
2022-2017 3.7% -26.9% 41.7%

Source: Insurance Information Institute, State Farm®.

 

Archived Tables

HOMEOWNERS INSURANCE CLAIMS AND PAYOUT FOR LIGHTNING LOSSES, 2005-2008
Export To Excel
  2005 2006 2007 2008 Percent change
2005-2008
Number of paid claims 265,700 256,000 177,100 246,200 -7.3%
Insured losses ($ millions) $819.6 $882.2 $942.4 $1,065.5 30.0
Average cost per claim $3,084 $3,446 $5,321 $4,329 40.4

Source: Insurance Information Institute.

 
HOMEOWNERS INSURANCE CLAIMS AND PAYOUT FOR LIGHTNING LOSSES, 2005-2009
Export To Excel
   2005 2006 2007 2008 2009 Percent change 2005-2009
Number of paid claims 265,700 256,000 177,100 246,200 185,789 -30.1%
Insured losses
($ millions)		 $819.6 $882.2 $942.4 $1,065.5 $798.2 -2.6
Average cost per claim $3,084 $3,446 $5,321 $4,329 $4,296 39.3

Source: Insurance Information Institute.

 
HOMEOWNERS INSURANCE CLAIMS AND PAYOUT FOR LIGHTNING LOSSES, 2006-2010
Export To Excel
            Percent change
  2006 2007 2008 2009 2010 2006-2010 2009-2010
Number of paid claims 256,000 177,100 246,200 185,789 213,278 -16.7% 14.8%
Insured losses ($ millions) $882.2 $942.4 $1,065.5 $798.0 $1,033.5 17.2 29.5
Average cost per claim $3,446 $5,321 $4,329 $4,296 $4,846 40.6% 12.8%

Source: Insurance Information Institute.

 
HOMEOWNERS INSURANCE CLAIMS AND PAYOUT FOR LIGHTNING LOSSES, 2007-2011
Export To Excel
             Percent change
  2007 2008 2009 2010 2011 2007-2011 2010-2011
Number of paid claims 177,100.0 246,200.0 185,789.0 213,278.0 186,307.0 5.2% -12.6%
Insured losses ($ millions) $942.4 $1,065.5 $798.0 $1,033.5 $952.4 1.1% -7.8%
Average cost per claim $5,321.0 $4,329.0 $4,296.0 $4,846.0 $5,112.0 -3.9% 5.5%

Source: Insurance Information Institute.

 
HOMEOWNERS INSURANCE CLAIMS AND PAYOUTS FOR LIGHTNING LOSSES, 2009-2013
Export To Excel
            Percent change
  2009 2010 2011 2012 2013 2012-2013 2009-2013
Number of paid claims 185,789 213,278 186,307 151,000 114,740 -24.0% -38.2%
Insured losses ($ millions) $798.1 $1,033.5 $952.5 $969.0 $673.5 -30.5 -15.6
Average cost per claim  $4,296 $4,846 $5,112 $6,400 $5,869 -8.3 36.6

Source: Insurance Information Institute, State Farm®.

 
HOMEOWNERS INSURANCE CLAIMS AND PAYOUT FOR LIGHTNING LOSSES, 2010-2014
Export To Excel
            Percent change
  2010 2011 2012 2013 2014 2013-2014 2010-2014
Number of paid claims 213,278 186,307 151,000 114,740 99,871 -13.0% -53.2%
Insured losses ($ millions) $1,033.5 $952.5 $969.0 $673.5 $739.0 9.7 -28.5
Average cost per claim $4,846 $5,112 $6,400 $5,869 $7,400 26.1 52.7

Source: Insurance Information Institute, State Farm®.

 
Homeowners Insurance Claims And Payout For Lightning Losses, 2011-2015
Export To Excel
            Percent change
  2011 2012 2013 2014 2015 2014-2015 2011-2015
Number of paid claims 186,307 151,000 114,740 99,871 99,423 -0.4% -46.6%
Insured losses ($ millions) $952.5 $969.0 $673.5 $739.0 $790.1 6.9 -17.0
Average cost per claim $5,112 $6,400 $5,869 $7,400 $7,947 7.4 55.5

Source: Insurance Information Institute, State Farm®.

 
Homeowners Insurance Claims And Payout for Lightning Losses, 2012-2016
Export To Excel
            Percent change
  2012 2013 2014 2015 2016 2015-2016 2012-2016
Number of paid claims 151,000 114,740 99,871 99,423 109,049 9.7% -27.8%
Insured losses ($ millions) $969.0 $673.5 $739.0 $790.1 $825.7 4.5 -14.8
Average cost per claim  6,400.0 5,869.0 7,400.0 7,947.0 7,571.9 -4.7 18.3

Source: Insurance Information Institute, State Farm®.

 
Homeowners Insurance Claims And Payout For Lightning Losses, 2016-2018
Export To Excel

 

Year Number of
claims		 Average cost
per claim 		 Value of claims
($ millions)
2016 89,055 $9,628 $857
2017 85,020 10,781 916.6
2018 77,898 11,668 908.9
Percent change      
2017-2018 -8.4% 8.2% -0.8%
2016-2018 -12.5 21.2 6.0

Source: Insurance Information Institute.

 
Homeowners Insurance Claims And Payout For Lightning Losses, 2017-2019
Export To Excel

 

Year Number of
claims		 Average cost
per claim 		 Value of claims
($ millions)
2017 85,020 $10,781 $916.6
2018 77,898 11,668 908.9
2019 76,860 11,971 920.1
Percent change      
2018-2019 -1.3% 2.6% 1.2%
2017-2019 -9.6 11.0 0.4

Source: Insurance Information Institute.

 
Homeowners Insurance Claims And Payout for Lightning Losses, 2017-2020
Export To Excel

 

Year Value of claims
($ millions)		 Number
of claims		 Average cost
per claim
2017 $916.60 85,020 $10,781
2018 908.9 77,898 11,668
2019 920.1 76,860 11,971
2020 2,066.70 71,551 28,885
Percent change      
2019-2020 124.6% -6.9% 141.3%
2017-2020 125.5 -15.8 167.9

Source: Insurance Information Institute.

 
Homeowners Insurance Claims And Payout for Lightning Losses, 2017-2021
Export To Excel

 

Year Value of claims
($ millions)		 Number
of claims		 Average cost
per claim
2017 916.6 85,020 10,781
2018 908.9 77,898 11,668
2019 920.1 76,860 11,971
2020 2,066.7 71,551 28,885
2021 1,313.1 60,851 21,578
Percent change      
2020-2021  -36.5% -15.0% -25,3%
2017-2020 43.3% -28.4% 100.1%

Source: Insurance Information Institute, State Farm®.