Nearly 40% of U.S. adults plan to purchase a vehicle, with most expecting to buy within the next 12 months, according to a survey from TransUnion. The credit reporting company surveyed 3,076 consumers age 18 and older. Of those surveyed, 1,190 respondents, or 39%, said they intend to buy a vehicle. More than 80% of […]
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 […]
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 […]
Auto Insurance Shopping Continued to Rise in Q2 2024
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 […]
Auto Insurance Shopping Rates Up 12% in Second Quarter
Search for lower rates and higher vehicle sales drive consumer shopping for insurance, ultimately changes in market share. Auto insurance shopping rates were up 12% in Q2 2023, compared to the same time in 2022 according to TransUnion’s (NYSE: TRU) latest quarterly Insurance Personal Lines Trends and Perspectives Report. While vehicle sales played a role […]