HomeCar InsuranceAmericans Shop Around for Insurance More Than Ever as Costs Soar

Americans Shop Around for Insurance More Than Ever as Costs Soar


Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that’s squeezed household budgets, a new industry report shows.

For car insurance, so-called policy shopping rates — essentially the share of people with insurance who searched for quotes from a provider — jumped an average 16% from a year earlier in the second quarter of 2024, according to LexisNexis Risk Solutions, a clearing house for insurance data with access to more than 95% of the auto policy market. The figure climbed even higher in July, exceeding 30%.

The quest for …



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