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As auto insurance premiums rise, consumers dropping insurance to pay other bills

July 25, 2023

Auto insurance premiums are still on the rise leading consumers, now more than ever, to continue shopping for better deals, according to J.D. Power and TransUnion.

“Consumers are not relenting in their desire to find a more attractive premium for their auto insurance needs,” the Q2 2023 loyalty indicator and shopping trends (LIST) report states. “The second quarter of 2023 marks the highest shop rate we have recorded in now three years of tracking auto insurance shopping on a daily basis, at 12.5%.”

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