Like Freight Train said clipping blows speakers probably 10 tiems more often than delivering too much "CLEAN" power to a speaker.
Clipping happens most often when the power supply can no longer deliver enough voltage to produce the given frequency at the given amplitude.
Again, this is most common in solid state amplifiers.
Power delivered is power delivered, it doesnt matter if the signal is clean or clipped. What does happen is that when running a distorted signal, it covers up the farting sound your driver makes when it is reaching its mechanical limitations. Those limits are the same regardless of clipping or clean signal.

