Top Vehicle Claim Trends from 2014
Source: Insurance Journal, 2015
The top five states in which a person was most likely to file an auto claim last year were all on the East Coast.
December had the lowest volume of all vehicle claims of any month.
Those facts are just two of those mined by Progressive Group of Insurance Companies as it analyzed all of its claims in all 50 states and the District of Columbia to determine where and when claims happened. Progressive looked at multiple areas it insures— auto, motorcycle, boat and commercial lines — and created a report for each, with a breakdown of the top claims.
Commercial lines vehicles and personal autos share similarities including the top months for claims being May and June, and the top three claims being rear-end accidents, single vehicle claims, and parked claims.
The most common personal auto claim is for rear-end accidents while for commercial auto, that spot was held by backing claims.
“In my experience, truckers are great drivers; but when you’re moving a rig that size into tight spaces, accidents can happen,” said Mark Leadem, commercial auto claims field specialist. “Private passenger vehicles like cars and SUVs are much smaller and don’t face the same challenges.”
Not surprisingly, Saturday was the busiest day for motorcycle accidents, followed by Sunday and Friday. July was the busiest month for motorcycle claims in 2014, followed by August and June.
“On one hand, the data reinforces what we already knew, which is that we see the most claims in July during the peak of the summer riding season,” said Scott Hall, Progressive motorcycle product manager. “But what’s really almost counter-intuitive and worth calling attention to is that in 2014, Progressive saw the most motorcycle claims from single vehicle accidents—far more than rear-end, intersection, and stolen bikes combined. So the message is, even when other vehicles aren’t around, you need to be extremely vigilant on the open road.”
Other notable claims trends from Progressive in its 2014 Year in Claims report include:
While winter driving can be dangerous, December saw the lowest volume of claims of any month, and May had the highest. This was largely due to the spring hail season, an often-overlooked catastrophe that damages thousands of vehicles each year.
The weekend might seem like a more dangerous time to be on the road. However, more claims occurred on each of the weekdays than on either Saturday or Sunday.
One might think that the biggest dangers on the road for motorcyclists are cars and trucks, but in 2014 there were more single-vehicle motorcycle claims than any other type. In fact, there were more single-vehicle claims than the next three types combined.
Drivers are more likely to have their car broken into or stolen in the District of Columbia than any other state. The rest of the states in the top five for theft and break-ins were California, Washington, Missouri and Hawaii.
The top five states in which a person was most likely to file an auto claim were all on the East Coast – the District of Columbia, Massachusetts, Maryland, New York and South Carolina. The state where customers were least likely to file an auto claim was Oklahoma.
The 4th of July weekend was particularly dangerous for boaters in 2014, with the top three days for boat claims being July 5th, July 4th and July 6th.
“The goal of this report is to empower people with information so they can avoid accidents,” said Mike Sieger, claims operations leader at Progressive. “For example, when people see that rear-end accidents were the top claim of 2014, maybe they’ll think twice before following the person in front of them too closely. Or seeing that intersection claims are high on the list could help convince them that running that red light isn’t worth the time you save. We hope consumers can use this data to their advantage when they’re on the road or on the water.”
Categories
- Benefits Resources
- Bonding
- BOP
- Business Insurance
- Commercial Auto
- Commercial Property
- Company News
- Construction
- Crime Insurance
- Cyber Insurance
- Directors & Officers
- Employee Benefits
- Employment Practice Liability Insurance
- Entertainment
- General Liability
- Health Insurance
- Healthcare
- Healthcare Reform
- Homeowners Insurance
- Hospitality
- Manufacturing
- Medical Malpractice
- Mining & Energy
- Nightclubs
- Personal Auto
- Personal Insurance
- Professional
- Restaurants
- Retail & Wholesale
- Risk Management Resources
- Safety Topics
- SBA Bonds
- Security
- Seminars
- Technology
- Tourism
- Transportation
- Uncategorized
- Workers Compensation
Archives
- May 2021
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- November 2018
- September 2018
- August 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- February 2013
- November 2011
- October 2011
- September 2011
- July 2011
- June 2011
- March 2011
- November 2010
- October 2010
- September 2010
- April 2010
- February 2010
- November 2009
- October 2009
- November 2008
- August 2008