Average claim amounts have been on the rise over the past decade, as we show in this table below. (valuepenguin.com)
From 2007 to 2012, average claims for medical expenses, lost wages, and other out - of - pocket expenses related to auto accidents grew 8 % per year. (trustedchoice.com)
The parameters built into the formula are average claims cost for each class of vehicle, frequency of claims for each class of vehicle and Cost Inflation Index for year of review. (indianexpress.com)