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IRC: U.S. Auto Claim Severity Surged During Pandemic

Jul 18, 2023
While U.S. auto claim frequency has declined over the past 20 years, claim severity increased and then surged since the global pandemic began in 2020, according to a newly published report from the Insurance Research Council (IRC), a division of The Institutes.
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Rising Homeowners Insurance Claim Costs Continue to Outpace Inflation, According to IRC Study

May 04, 2023
Over the past two decades, the average cost of claims per insured home in the United States has increased at a rate that has outpaced inflation.
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More Drivers Are Underinsured on the Nation’s Roads, According to New IRC Study

Apr 21, 2023
Underinsured motorist (UIM) coverage protects you if you're hit by a driver who doesn't have enough coverage to pay for the damages or injuries they caused.
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Driver Telematics Programs Face Privacy Concerns, IRC Study Finds

Nov 30, 2022
More U.S.
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U.S. Consumers Understand Importance of Maintaining Good Credit and Support Lower Auto Insurance Costs for Those With Good Credit, IRC Study Finds

Nov 08, 2022
U.S.
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Affordability of Personal Auto Insurance 3x Worse in Louisiana Compared to Most Affordable State, IRC Study Finds

Aug 25, 2022
The least affordable state for personal auto insurance continues to be Louisiana, where the share of household income going to pay for auto insurance was three time higher than in the most affordable state, according to a new study from the Insurance
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Majority of U.S. Agrees Attorney Ads Increase Number of Lawsuits, IRC Survey Finds

Jun 28, 2022
Most Americans believe attorney advertising increases the number of liability claims and lawsuits and more than half link these ads to higher insurance costs.
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One in Eight Drivers Uninsured

Mar 22, 2022
MALVERN, Penn.—March 22, 2021—One in eight drivers on the road in 2019 was driving without insurance, according to a new report from the Insurance Research Council (IRC). In 2019, the estimated countrywide uninsured motorist rate was 12.6 percent.
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Louisiana, Florida Among Least Affordable States for Auto Insurance, New IRC Study Reveals

Sep 28, 2021
Louisiana, Florida and Michigan remain the least affordable states for auto insurance, while Iowa remains the most affordable state, according to a new study from the Insurance Research Council (IRC).