LexisNexis Q1 2025 U.S. Auto Insurance Demand Shows Strong Shopping and Policy Growth
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.
U.S. auto insurance shopping increased 16% in Q1 2025 as tax refunds and tariffs drive new vehicle purchases. Policy retention declines, prompting insurers to adjust strategies.
Illinois Auto Insurance rates favor credit and ZIP codes over driving records, prompting new legislation for greater transparency and fairness.
NJBIA partners with Plymouth Rock Assurance to provide auto insurance discounts and personalized coverage options for New Jersey businesses and their employees, enhancing member benefits.
Auto insurance shopping rose 10% in Q1 2024, driven by higher-risk consumers and traditional risk-based rate adjustments, with key factors like driving records and credit scores influencing premiums.
Louisiana's elevated bodily injury auto claims exceed national rates, impacting premiums and prompting ongoing debates over tort reform and insurer transparency.
Examining concerns over app-based tracking of driving data affecting auto insurance rates, related lawsuits, and emerging U.S. privacy legislation.
Explore the rising auto insurance premiums in the U.S. Learn the key factors affecting rates and strategies to manage and reduce your insurance costs effectively.
Explore how Tesla and Waymo's autonomous vehicle technologies could disrupt Berkshire Hathaway's GEICO auto insurance business, and what it means for the insurance industry and investors.
U.S. property and casualty insurance industry sees best combined ratio in over a decade in 2024, driven by better personal lines underwriting and digital sales growth, despite rising auto repair costs and inflationary pressures from tariffs.