According to LexisNexis Risk Solutions, U.S. consumer auto insurance shopping grew 9.4% year-over-year in Q2 2025, with new policy volumes rising 3.6%, both contributing to the highest 12-month shopping frequency since 2020 — 46.5% of all policies-in-force had been shopped at least once.

Meanwhile, TransUnion data showed an even steeper 18% increase in shopping during Q2 2025 over the same period in 2024, and reported that 42% of shoppers switched carriers in the past 18 months, with a notable portion being long-tenured customers.

LexisNexis attributed the spike in shopping rates and new policies to rate reductions filed by several insurers and consumers purchasing new vehicles.

“The second quarter underscores how the insurance market remains in high gear, driven by the lingering effects of recent hypergrowth in shopping activity,” said Jeff Batiste, senior vice president and general manager, U.S. auto and home insurance, LexisNexis Risk Solutions. “While we are still experiencing growth [albeit] at a slightly slower pace, marketing activations, combined with an increasingly price-sensitive customer base, are helping to sustain elevated levels of shopping and new policy acquisition.”

Insurify recently projected tariffs and inflation could disrupt the trend of decreasing auto insurance rates in several states by the end of 2025. It predicted the national average cost of full-coverage car insurance will instead increase 4% by year’s end to $2,402, and up to 7%, to $2,472, if prolonged tariffs lead to significant insurer losses.

CCC’s Q2 2025 Crash Course report noted an auto claims and collision repair industry stabilization in profitability, with underwriting gains set against continued pressure from loss severity, social inflation and supply chain volatility—including tariff-related cost increases for parts.

Further, LexisNexis’s annual trends report said that while collision severity dipped 2.5% year-over-year in 2024, bodily injury and property damage severity rose 9.2% and 2.5%, respectively. Driving violations jumped 17%, surpassing pre-pandemic levels — factors that underpin claims cost volatility.