LexisNexis Risk Solutions reports 16.1% Q2 2024 US consumer auto insurance shopping growth and 19.5% new policy growth due to rising premiums and insurer marketing.
LexisNexis Risk Solutions reports record growth in US consumer auto insurance shopping and new policy growth in Q2 2024. This is due to rising premiums for auto and home insurance, and increased marketing by insurers. Quarterly shopping growth rate rose by 16.1%, and new policies increased by 19.5%. The home insurance market has also influenced the auto market, as over half of auto insurance shoppers own a home or condo and have experienced increased rates.
August 28, 2024
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