Year |
Value of Claims ($ millions) |
Number of Claims |
Average Cost Per Claim |
2007 |
$942.4 |
177,100 |
$5,321.0 |
2008 |
1,065.5 |
246,200 |
4,329.0 |
2009 |
798.2 |
185,789 |
4,296.0 |
2010 |
1,033.5 |
213,278 |
4,846.0 |
2011 |
952.5 |
186,307 |
5,112.0 |
2012 |
969.0 |
151,000 |
6,400.0 |
2013 |
673.5 |
114,740 |
5,869.0 |
2014 |
739.0 |
99,871 |
7,400.0 |
2015 |
790.1 |
99,423 |
7,947.0 |
2016 |
825.7 |
109,049 |
7,571.9 |
Percent change, 2015-2016 |
4.5% |
9.7% |
-4.7% |
Percent change, 2007-2016 |
-12.4% |
-38.4% |
42.3% |
|
Source: Insurance Information Institute, State Farm®.