|
Number of paid claims |
Insured losses ($ millions) |
Average cost per claim |
2004 |
278,000 |
$735.5 |
$2,646.0 |
2005 |
265,700 |
$819.6 |
$3,084.0 |
2006 |
256,000 |
$882.2 |
$3,446.0 |
2007 |
177,100 |
$942.4 |
$5,321 |
2008 |
246,200 |
$1,065.5 |
$4,329 |
2009 |
185,789 |
$798.0 |
$4,296 |
2010 |
213,278 |
$1,033.5 |
$4,846 |
2011 |
186,307 |
$952.5 |
$5,112 |
Percent change
2010-2011 |
-12.6% |
-7.8% |
5.5% |
Percent change
2004-2011 |
-33.0% |
29.5% |
93.2% |
Source: Insurance Information Institute, State Farm. |