Most Common Insurance Claims

Car Theft
Do you know what the most common insurance claims for auto and homeowners policies are? Keeping up with insurance claim trends will help prevent situations that could potentially increase the price you pay down the road. Let’s dive into the most common insurance claims for both auto and homeowners insurance:

Most Common Auto Insurance Claims

From theft to accidents, here are some of the most common insurance claims for auto policies:

Crashes

OK, this is an obvious one. Most insured drivers will contact their companies when they need to file a claim after a car accident. These can vary from rear-end impacts to collisions at intersections and everything in between. Speak to your agent before something happens, and make sure your car is covered for any kind of damage.
 

Theft

It happens while you’re on vacation in a different city or just down the street in your neighborhood. Cars get stolen often, but you are covered from theft if you have comprehensive insurance. Installing anti-theft devices such an alarm or a GPS tracking system may help lower the cost of your auto insurance policy.

Vandalism

Vandalism is one of the most common insurance claims for auto policies. Similar to theft, having comprehensive insurance helps offset the cost of having your car vandalized. If possible, you should always try to avoid areas with high rates of vandalism.

Windshield damage

While windshields are often damaged in vehicle collisions, most of the time they are damaged when a stone or rock flies from the vehicle in front of you. Safe driving practices, like not following too closely can reduce these risks. If your windshield gets chipped or damaged, don't delay repairing or replacing it. Windshields are one of your car's most important safety features. 

Animal collision

You don’t have to live in a rural area to run into a deer, dog, or another animal while driving on the road. The Centers for Disease Control and Prevention estimated in a 2004 study that there were 247,000 crashes involving animals in the United States. These types of collisions are more frequent at night when visibility is reduced and often result in a lot of damage to the vehicle.

Most common homeowners insurance claims

While some claims are weather-related, most are not. Here’s a breakdown of the most common homeowners insurance claims:

Non-weather-related damage

It’s one of the most common claims for homeowners policies. There are many things that could go wrong around the house, from plumbing or appliance issues to electrical problems. Having homeowners insurance protects you from financial loss caused by such unexpected events.

Weather-related damage

According to the Ohio Insurance Institute, between 2010 and 2014, 7% of U.S. homeowners filed an insurance claim, with the majority of these claims being weather related. Wind and hail were the most common causes of damage among homeowners.

Theft or burglary

A total of 6% of homeowners insurance claims are attributed to theft or burglary. While these two terms are used interchangeably, they’re different in the eyes of the law. Theft involves the act of taking someone’s money or personal belongings without their consent. Burglary, on the other hand, refers to entering the property or structure of someone else with the intention of committing theft or other crimes. 

Whether it’s one or the other or both, keep your home safe by locking the doors and windows and installing an alarm system that will deter burglars from breaking in. Insurance companies reward homeowners who proactively find solutions to minimize the risk of having their house broken into.

These are some of the most common insurance claims made over time by American policyholders. Protect your assets with the right insurance and company. Infinity Insurance provides auto, homeowners and renters insurance that fits your budget and needs. Call one of our friendly agents at 1-800-INFINITY or visit our website to receive a quote in minutes.

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