The iii states that “hail-related insured losses between 2000 and 2019 averaged between $8 billion to $14 billion a year.” There also cite information that there were 3,763 major hailstorms across the U.S. in 2021 alone.
In terms of individual property damages, hail repairs can cost anywhere from $350 to as high as $50,000 or more. The average repair cost nationally was $10,032 as of July 2022.