CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / U.S. Consumers Continue to Switch Auto Insurance at Higher Rates

U.S. Consumers Continue to Switch Auto Insurance at Higher Rates

May 16, 2024 By CollisionWeek Editor

Leading carriers to continue focus on renewal and retention.

According to the LexisNexis Insurance Demand Meter, high demand for new policies in the first quarter showed consumers are still not resigned to higher rates as insurers continue to adjust strategies to retain customers for long-term growth.

Key findings of the most recent report include:

  • S. consumer auto insurance shopping activity registered as “Hot” on the LexisNexis Insurance Demand Meter, as quarterly year-over-year shopping grew 2.9% for Q1 2024 (slowing slightly from last quarter’s 4.7% increase year-over-year).
  • The quarterly year-over-year growth for new policies was “Sizzling,” up 8.7% for Q1 2024
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Auto Insurance, LexisNexis Risk Solutions

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Collision Repair Industry Production Up Month-Over-Month in May July 22, 2025
  • Leader of National Catalytic Converter Theft Ring Pleads Guilty, Admits to Selling More Than $600 Million in Stolen Goods July 22, 2025
  • Fisher Auto Parts Acquires 7 Genden Auto Parts Stores in New England July 22, 2025
  • GoAuto Insurance Begins Operations in Georgia July 22, 2025
  • Auto Care Association Hosting July 31 Cybersecurity Webinar for Small Business Members July 22, 2025
  • AASP/NJ Plans Business Management Workshops for August 20, September 24 July 21, 2025
  • Focus Advisors and Veritas Advisors Merge M&A Operations July 21, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved ยท Log in