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You are here: Home / Archives for Auto Insurance

Progressive Edges Out State Farm to Claim Lead in US Total Auto Premiums Written

June 23, 2025 By CollisionWeek Editor Leave a Comment

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 […]

Filed Under: News Tagged With: A.M. Best, Allstate, Auto Insurance, GEICO, Progressive, State Farm, USAA

Personal Auto Insurance Underwriting Results Best Since Pandemic

June 17, 2025 By CollisionWeek Editor Leave a Comment

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 […]

Filed Under: News Tagged With: Auto Insurance, Combined Ratio, Inflation, Insurance Information Institute

Auto Insurance Market Shifts as Customer Satisfaction Drops

June 10, 2025 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Auto Insurance, Customer Satisfaction, J.D. Power

US Auto Insurance Shopping Remains Strong in First Quarter, New Policy Growth Up

May 21, 2025 By CollisionWeek Editor

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 […]

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

Sony Honda Mobility Partners with MOTER to Launch Insurance Solutions

January 27, 2025 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, Auto Insurance, MOTER Technologies, Sony Honda Mobility

LexisNexis Reports New Auto Insurance Policy Volume at Record Levels in Third Quarter as Consumers Shop for Better Rates

November 21, 2024 By CollisionWeek Editor

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 […]

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

Auto Insurance Shopping Increased 19% Year over Year in the Third Quarter

November 15, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Auto Insurance, TransUnion

Hurricane Helene and Milton Damages Will Significantly Impact Profitability of U.S. Insurers

October 23, 2024 By CollisionWeek Editor

Auto insurance premiums likely to increase in affected markets. According to GlobalData, the data and analytics company, recent hurricanes Helene and Milton that have struck the U.S. resulted in widespread devastation, claiming hundreds of lives and causing huge property damages that will impact profitability at property casualty insurers. Hurricane Helene, which struck Florida’s Big Bend […]

Filed Under: News Tagged With: Auto Insurance, Claim Frequency, Disaster Relief, Global Data

U.S. Auto Insurers’ Strong Performance Recovery to Continue Through 2025

August 15, 2024 By CollisionWeek Editor

Fitch Ratings says premium increases and moderating claims severity benefiting auto insurance companies. The improving, more favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025, Fitch Ratings says. Several rounds of material price increases and a moderation of claims severity trends has vastly […]

Filed Under: News Tagged With: Auto Insurance, Cincinnati Financial Corporation, Combined Ratio, GEICO, Net Written Premiums, Progressive Insurance, State Farm, The Hartford

Auto Insurance Shopping Continued to Rise in Q2 2024

August 13, 2024 By CollisionWeek Editor

TransUnion reports shopping increased versus 2023 even as rates stabilized. Auto insurance shopping volume set a new record for the second consecutive quarter, according to new research from TransUnion (NYSE: TRU). The number of U.S. consumers shopping for auto insurance was up 7.4%, compared to Q2 2023 (YoY). This trend has been driven in recent […]

Filed Under: News Tagged With: Auto Insurance, TransUnion

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