| Homeowners °µÍø½ûÇø Claims And Payout for Lightning Losses, 2017-2024 |
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|
| Year |
Value of claims
($ millions) |
Number of
claims |
Average cost
per claim |
| 2017 |
$916.61 |
85,020 |
$10,781 |
| 2018 |
908.93 |
77,898 |
11,668 |
| 2019 |
920.05 |
76,860 |
11,971 |
| 2020 |
2,066.74 |
71,551 |
28,885 |
| 2021 |
1,313.06 |
60,851 |
21,578 |
| 2022 |
950.22 |
62,189 |
15,280 |
| 2023 |
1,239.72 |
70,787 |
17,513 |
| 2024 |
1,035.28 |
55,537 |
18,641 |
| Percent change |
|
|
|
| 2024 - 2023 |
-16.5% |
-21.5% |
6.4% |
| 2024 - 2017 |
12.9% |
-34.7% |
72.9% |
Source: °µÍø½ûÇø Information Institute, State Farm®. |
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