AutoClaims Direct, the leading strategic development firm to the auto insurance claims industry today announced the industry’s 4th Quarter data report. This is a compilation of all claims processed through the firm’s advanced claims data solution.

Some key highlights of the 4th Quarter Data include:

Industry Overall Average Loss Severity: $ 2498.16

Average Collision Loss Severity: $2657.58

Average Third Party Loss Severity: $1899.19

Overall Total Loss Ratio: 25.06%

Average Loss Vehicle Age : 7.5 years

Supplement Percentage: 29.7%

OEM Parts Usage: 61.42%

Key trends over the year have shown a decrease in overall Loss Severity during the year as well as decrease in the use of OEM parts which fell 9% since 2007.

Other data analysis shows that total losses remained fairly consistent with roughly 1 out of every 4 vehicles involved in an accident resulted in an insurer deeming the vehicle total loss. Repair shop labor rates on the other hand rose slightly since 2007 until October of this year. Since that time, the climb has leveled off with even a slight decrease in some areas around the country.

For more detailed information on AutoClaims Direct visit www.autoclaimsdirect.com or contact 888.403.4223 x 706

AutoClaims Direct is a business service and auto appraisal firm that provides the insurance industry with a complete claims management service and auto appraisal company. AutoClaims Direct’s clients are insurance companies, fleet management companies and third party administrators. AutoClaims Direct’s revolutionary “DirectLink” application streamlines the claims handling process, rapidly reducing cycle times and average loss paid. The corporation handles auto appraisals, desk audits and lease returns.