Auto Insurance Database Report 2013/2014 - naic.org

1 Auto Insurance Database Report 2013/2014 January 2017 The naic is the authoritative source for Insurance industry information. Our expert solutions support the efforts of regulators, insurers and researchers by providing detailed and comprehensive Insurance information. The naic offers a wide range of publications in the following categories: Accounting & Reporting Information about statutory accounting principles and the procedures necessary for fi ling financial annual statements and conducting risk-based capital calculations. Special Studies Studies, reports, handbooks and regulatory research conducted by naic members on a variety of Insurance related topics. Consumer Information Important answers to common questions about auto, home, health and life Insurance as well as buyer s guides on annuities, long-term care Insurance and Medicare supplement plans.

2 Statistical Reports Valuable and in-demand Insurance industry-wide statistical data for various lines of business, including auto, home, health and life Insurance . Financial Regulation Useful handbooks, compliance guides and reports on financial analysis, company licensing, state audit requirements and receiverships. Supplementary Products Guidance manuals, handbooks, surveys and research on a wide variety of issues. Legal Comprehensive collection of naic model laws, regulations and guidelines; state laws on Insurance topics; and other regulatory guidance on antifraud and consumer privacy. Capital Markets & Investment Analysis Information regarding portfolio values and procedures for complying with naic reporting requirements. Market Regulation Regulatory and industry guidance on market-related issues, including antifraud, product fi ling requirements, producer licensing and market analysis. White Papers Relevant studies, guidance and naic policy positions on a variety of Insurance topics.

3 naic Activities naic member directories, in-depth reporting of state regulatory activities and official historical records of naic national meetings and other activities. For more information about naic publications, visit us at: 2017 National Association of Insurance Commissioners. All rights reserved. ISBN: 978-1-59917-952-0 Printed in the United States of America No part of t his book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any storage or retrieval system, without written permission from the naic . naic Executive Office 444 North Capitol Street, NW Suite 700 Washington, DC 20001 naic Central Office 1100 Walnut Street Suite 1500 Kansas City, MO 64106 naic Capital Markets & Investment Analysis Office One New York Plaza, Suite 4210 New York, NY 10004 INTRODUCTION 1 Introduction .. 1 Terms and Calculations.

4 2 AVERAGE PREMIUMS AND EXPENDITURES 5 Table 1. Liability, 2010 2014 .. 17 Table 2. Collision, 2010 2014 .. 20 Table 3. Comprehensive, 2010 2014 .. 23 Table 4. Average Expenditure, 2010 2014 .. 26 Table 5. Combined Average Premium, 2010 2014 .. 27 AUTO Insurance EARNED AND INCURRED DATA GENERAL INFORMATION 29 Technical Notes .. 31 State-Specific Information .. 33 BODILY INJURY LIABILITY 35 Table 6. Bodily Injury Liability - Voluntary Business, 2011 2013 .. 39 Table 7. Bodily Injury Liability - Residual Business, 2011 2013 .. 43 Table 8. Bodily Injury Liability - Total Business, 2011 2013 .. 47 PROPERTY DAMAGE LIABILITY 51 Table 9. Property Damage Liability - Voluntary Business, 2011 2013 .. 55 Table 10. Property Damage Liability - Residual Business, 2011 2013 .. 59 Table 11. Property Damage Liability - Total Business, 2011 2013 .. 63 COMBINED SINGLE LIMITS LIABILITY 67 Table 12. Combined Single Limits Liability - Voluntary Business, 2011 2013.

5 71 Table 13. Combined Single Limits Liability - Residual Business, 2011 2013 .. 79 Table 14. Combined Single Limits Liability - Total Business, 2011 2013 .. 87 2017 National Association of Insurance CommissionersPERSONAL INJURY PROTECTION 95 Table 15. Personal Injury Protection - Voluntary Business, 2011 2013 .. 99 Table 16. Personal Injury Protection - Residual Business, 2011 2013 .. 103 Table 17. Personal Injury Protection - Total Business, 2011 2013 .. 107 MEDICAL PAYMENTS 111 Table 18. Medical Payments - Voluntary Business, 2011 2013 .. 115 Table 19. Medical Payments - Residual Business, 2011 2013 .. 119 Table 20. Medical Payments - Total Business, 2011 2013 .. 123 UNINSURED/UNDERINSURED MOTORIST 128 Table 21. Uninsured/Underinsured Motorist - Voluntary Business, 2011 2013 .. 132 Table 22. Uninsured/Underinsured Motorist - Residual Business, 2011 2013 .. 140 Table 23.

6 Uninsured/Underinsured Motorist - Total Business, 2011 2013 .. 148 TOTAL LIABILITY 156 Table 24. Total Liability - Voluntary Business, 2011 2013 .. 160 Table 25. Total Liability - Residual Business, 2011 2013 .. 163 Table 26. Total Liability - Total Business, 2011 2013 .. 166 COLLISION 170 Table 27. Collision - Voluntary Business, 2011 2013 .. 174 Table 28. Collision - Residual Business, 2011 2013 .. 178 Table 29. Collision - Total Business, 2011 2013 .. 182 COMPREHENSIVE 186 Table 30. Comprehensive - Voluntary Business, 2011 2013 .. 190 Table 31. Comprehensive - Residual Business, 2011 2013 .. 194 Table 32. Comprehensive - Total Business, 2011 2013 .. 198 2017 National Association of Insurance CommissionersTRAFFIC CONDITIONS 202 Table 33. Fatal Accident Rates, 2011 2013 .. 206 Table 34. Traffic Density, 2011 2013 .. 207 CRIME 208 Table 35. Vehicle Thefts, 2011 2013.

7 212 AUTO REPAIR COSTS 214 Table 36. Average Repair Cost per Claim, 2011 2013 .. 218 ECONOMIC / DEMOGRAPHIC DATA 220 Table 37. Population Densities, 2011 2013 .. 222 Table 38. Disposable Income, 2011 2013 .. 223 STATE LAWS 224 Table 39. Rate Filing Laws, 2011 2013 and Current .. 234 Table 40. Form Filing Laws, 2011 2013 and Current .. 236 Table 41. Tort Laws and Thresholds, 2011 2013 .. 238 Table 42. Liability Insurance Laws, 2011 2013 .. 239 Table 43. Personal Injury Protection and Uninsured Motorist Laws, 2011 2013 .. 240 Table 44. Automobile Seat Belt Laws, 2016 .. 241 Table 45. Drunk Driving Laws and Speed Limits, 2016 .. 242 APPENDIX 244 Appendix 1A. Land Area and Population .. 246 Appendix 1B. Vehicles and Vehicle Thefts .. 247 Appendix 1C. Vehicle and Roadway Miles .. 248 2017 National Association of Insurance Commissioners 2017 National Association of Insurance Commissioners INTRODUCTION The cost of personal automobile Insurance has attracted considerable attention from regulators and policymakers.

8 To help the states assess their particular Insurance markets, the naic Property and Casualty Insurance (C) Committee has directed the Casualty Actuarial and Statistical (C) Task Force in the development of this Report . A Database has been compiled to make information about cost factors in each state readily available to Insurance regulators monitoring the market, and to the public. The Database includes information related to Insurance markets, traffic conditions, medical costs, crime rates, automobile repair costs, economic conditions, and state laws related to automobile Insurance . The data used for this Report include written premiums and exposures for calendar years 2010-2014 for the combined voluntary and residual market. Earned and incurred data for calendar/accident years 2011-2013 are also reported, separately, for voluntary and residual market business.

9 Trends are derived from earned premiums, earned exposures, incurred losses, and incurred claims. Definitions of these terms can be found on Page 3. For each state, average premium and average expenditure, pure premium, loss ratio, claim frequency, and claim severity are calculated by coverage. Auto Insurance coverages included are bodily injury and property damage liability (including no-fault), uninsured and underinsured motorist coverages, medical payments, collision, and comprehensive. Narratives at the beginning of each section provide information about the type of coverage analyzed, and define the calculations used for the tables in that section. Any state-specific issues regarding the coverage or data are also noted in the narratives. The Insurance data were obtained from the following statistical agents: American Association of Insurance Services (AAIS); Insurance Services Office (ISO); National Independent Statistical Service (NISS); Independent Statistical Service, Inc.

10 (ISS), Massachusetts Commonwealth Automobile Reinsurers (M-CAR); and Maryland Auto Insurance Fund (MAIF). Data were also obtained from the California Department of Insurance and the Texas Department of Insurance . The assistance of these organizations in developing this Report is greatly appreciated. There may be data from other small statistical agencies that are not included. Data contained in this Report may differ from data contained in reports from previous years, as the statistical agents periodically obtain updated information from insurers. The other sections of this Report provide statistics for each state on non- Insurance characteristics that would be expected to have some influence on the cost of personal automobile Insurance . In reviewing these data and making interstate comparisons, it is important to keep in mind that auto Insurance premiums ultimately reflect a complex set of state- specific factors related to the insurers claims costs, and that the data in this Report by no means represent all such factors.