A Firm Foundation: How Insurance Supports the Economy

The Insurance Industry’s Contribution To The Auto Repair Industry

The primary recipients of auto insurance claim payments are auto repair and auto body shops and window glass installers. Others include new and used car dealers, tire dealers and manufacturers of the parts required for vehicle repair and restoration.

Collision and comprehensive coverages pay for damage to or theft of a policyholder's car. Additional sums are paid by insurers to repair other vehicles damaged by the policyholder in a crash. This money is paid under the liability portion of the policy, which also covers legal costs.


Incurred Losses For Auto Insurance, 2011-2015 (1)


  2011 2012 2013 2014 2015
Private passenger auto          
     Liability $64,310,776 $65,135,976 $67,879,783 $72,050,778 $79,098,617
     Physical damage 40,589,159 41,275,620 41,754,861 45,308,112 48,564,511
Commercial auto          
     Liability 9,363,647 10,515,806 11,305,714 11,939,881 13,584,614
     Physical damage 3,164,880 3,250,740 3,255,570 3,645,335 3,902,124
Total $117,428,462 $120,178,142 $124,195,928 $132,944,106 $145,149,866

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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