First half direct loss ratio improved over 2024 even as average claim is up more than 10% from 2024. U.S. personal auto insurers saw the segment’s first-half 2025 direct loss ratio fall again from the same two previous six-month periods, indicating that the significant rebound experienced in 2024 may carry over through 2025, according to […]
Nearly Half of Auto Insurance Policies Shopped in Past Year
Premium rate reductions increased shopping activity. Consumer auto insurance shopping increased 9.4% year-over-year in the second quarter of 2025, while new policy growth rose 3.6%, according to data released August 19 by LexisNexis Risk Solutions. The analytics company’s quarterly U.S. Insurance Demand Meter found that 46.5% of policies in force had been shopped at least […]
Auto Insurance Shopping Remains Elevated as Carriers Face Retention Challenges
Auto insurance shopping increased 18% year-over-year in the second quarter of 2025, with shopping activity peaking in March before sustaining through May, according to TransUnion’s latest Insurance Personal Lines Trends and Perspectives Report. The report found that 42% of auto insurance shoppers switched carriers in the past 18 months, with 25% of recent switchers having […]
Progressive Edges Out State Farm to Claim Lead in US Total Auto Premiums Written
Direct premiums written for private passenger and commercial auto insurance at Progressive up over 22%. Progressive Insurance Group ascended to the top of the U.S. total automobile insurance ranking list that combines private passenger and commercial insurance with a 16.4% market share in 2024, just edging out former No. 1 State Farm Group’s 16.2% market […]
Personal Auto Insurance Underwriting Results Best Since Pandemic
Insurance Information Institute reports 2024 personal auto combined ratio outperformed broader property-casualty insurance. Report examines correlation between new vehicle and parts inflation to premium increases. The United States personal auto insurance industry achieved its strongest underwriting performance in the post-pandemic era, recording a net combined ratio of 95.3 in 2024, according to a new Issues […]
Auto Insurance Market Shifts as Customer Satisfaction Drops
J.D. Power reports insurers shifting focus to high-value client acquisition and retention. Regional insurers lead in satisfaction in many markets. Auto insurers have returned to profitability after years of losses, but a new study shows they face significant challenges retaining customers as satisfaction levels decline. The J.D. Power 2025 U.S. Auto Insurance Study found that […]
US Auto Insurance Shopping Remains Strong in First Quarter, New Policy Growth Up
U.S. auto insurance shopping grew 16% year-over-year in the first quarter of 2025, while new policy growth reached 8.4%, according to data released Monday by LexisNexis Risk Solutions. The figures represent a slight decline from the previous quarter but remain at elevated levels, with nearly half of all policies in force, at 46%, having been […]
Sony Honda Mobility Partners with MOTER to Launch Insurance Solutions
Sony Honda Mobility of America Inc. (SHMA) announced a partnership with MOTER Technologies, Inc. (MOTER), a leading of edge computing data science software for automotive insurance, to develop automotive insurance plans and services for AFEELA vehicles in the United States. Leveraging MOTER’s advanced data analytics capabilities and extensive expertise in insurance programs and partnerships, SHMA […]
LexisNexis Reports New Auto Insurance Policy Volume at Record Levels in Third Quarter as Consumers Shop for Better Rates
For the second consecutive quarter, the LexisNexis U.S. Insurance Demand Meter recorded “Nuclear” levels of auto insurance shopping and new policy volumes, while the latter set a new record for growth since LexisNexis Risk Solutions first began tracking U.S. insurance consumer shopping behavior more than a decade ago. Insurer-led marketing programs fueled activity among price-sensitive […]
Auto Insurance Shopping Increased 19% Year over Year in the Third Quarter
The third quarter of 2024 saw a big spike in shopping for both auto and property insurance, according to a report by TransUnion (NYSE: TRU). Auto insurance was up 19%, while property insurance shopping rose 16%, compared to the same time in 2023. Auto insurance shopping increased across generations, though, not equally. Baby Boomers shopped […]
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