The source adds the following information: losses occurring within a fixed period, whether adjusted or paid during the same period, after reinsurance transactions.
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Incurred losses for private passenger auto insurance in the U.S. 2012-2024, by type
In 2024, losses related to liability insurance claims accounted for roughly ** percent of private passenger auto payouts in the United States. In that year, liability auto insurance losses in the U.S. amounted to approximately *** billion U.S. dollars, and auto insurance losses from physical damage claims amounted to ** billion U.S. dollars.
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Insurance Information Institute. (July 9, 2025). Incurred losses for private passenger auto insurance in the United States from 2012 to 2024, by type (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/428991/incurred-losses-for-private-auto-insurance-usa-by-type/
Insurance Information Institute. "Incurred losses for private passenger auto insurance in the United States from 2012 to 2024, by type (in billion U.S. dollars)." Chart. July 9, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/428991/incurred-losses-for-private-auto-insurance-usa-by-type/
Insurance Information Institute. (2025). Incurred losses for private passenger auto insurance in the United States from 2012 to 2024, by type (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/428991/incurred-losses-for-private-auto-insurance-usa-by-type/
Insurance Information Institute. "Incurred Losses for Private Passenger Auto Insurance in The United States from 2012 to 2024, by Type (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 9 Jul 2025, /statistics/428991/incurred-losses-for-private-auto-insurance-usa-by-type/
Insurance Information Institute, Incurred losses for private passenger auto insurance in the United States from 2012 to 2024, by type (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/428991/incurred-losses-for-private-auto-insurance-usa-by-type/ (last visited July 29, 2026)
Incurred losses for private passenger auto insurance in the United States from 2012 to 2024, by type (in billion U.S. dollars) [Graph], Insurance Information Institute, July 9, 2025. [Online]. Available: /statistics/428991/incurred-losses-for-private-auto-insurance-usa-by-type/
