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Drivers Are Shopping, Swapping Auto Insurance Policies at Record Pace

May 19, 2023

Drivers are kicking the tires and trading up for new auto insurance policies.

In the first quarter, new policy growth rate was up 17% over the same period in 2022, and a record-breaking shopping growth rate was up 10.2% compared to 2.8% in Q4 2022.

The new LexisNexis® Insurance Demand Meter report examines auto insurance trends and demographics. Overall, the report finds new policy shopping and sales have the pedal to the metal.

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