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Homeowners Insurance Claims And Payout for Lightning Losses, 2017-2025

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
2022 950.2 62,189 15,280
2023 1,239.7 70,787 17,513
2024 1,035.3 55,537 18,641
2025 1,649.8 61,986 26,616
Percent change
2025 – 2024 59.4% 11.6% 42.8%
2025 – 2017 80.0% -27.1% 146.9%

Source: Insurance Information Institute, State Farm®.

Homeowners Insurance Claims And Payout for Lightning Losses, 2017-2023

Year Value of claims
($ millions)		 Number of
claims		 Average cost
per claim
2017 $916.61       85,020  $10,781
2018 908.93       77,898  11,668
2019 920.05       76,860 11,971
2020 2,066.74       71,551  28,885
2021 1,313.06       60,851  21,578
2022 950.22       62,189  15,280
2023 1,239.72       70,787  17,513
Percent change
2023-2022 30.5% 13.8% 14.6%
2023-2017 35.3% -16.7% 62.4%

Source: Insurance Information Institute, State Farm®.

Homeowners Insurance Claims And Payout for Lightning Losses, 2017-2024

Year Value of claims
($ millions)		 Number of
claims		 Average cost
per claim
2017 $916.61 85,020 $10,781
2018 908.93 77,898 11,668
2019 920.05 76,860 11,971
2020 2,066.74 71,551 28,885
2021 1,313.06 60,851 21,578
2022 950.22 62,189 15,280
2023 1,239.72 70,787 17,513
2024 1,035.28 55,537 18,641
Percent change
2024 – 2023 -16.5% -21.5% 6.4%
2024 – 2017 12.9% -34.7% 72.9%

Source: Insurance Information Institute, State Farm®.