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TransUnion: Auto insurance shopping has spiked 12%

August 16, 2023

Auto insurance shopping increased 12% during Q2 compared to the same period last year, according to a new TransUnion report.

TransUnion’s quarterly Insurance Personal Lines Trends and Perspectives report, released Tuesday, attributed the rise to vehicle sales and the quest for cheaper insurance premiums.

It cited a J.D. Power report that forecasted a 23% spike in new vehicle sales year-over-year in June, as separately used car sales dropped because of an increase in new vehicle inventory.

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