Current Table

Homeowners Insurance Claims And Payout For Lightning Losses, 2016-2018

 

  Number of
claims
Average cost
per claim
Value of claims
($ millions)
2016 89,055 $9,628 $857
2017 85,020 10,781 916.6
2018 77,898 11,668 908.9
Percent change      
2017-2018 -8.4% 8.2% -0.8%
2016-2018 -12.5 21.2 6.0

Source: Insurance Information Institute.

 
Homeowners Insurance Claims And Payout for Lightning Losses, 2007-2016

 

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®.