The LexisNexis® Insurance Demand Meter

In Q2, the market continued to experience increased levels of shopping and switching that hurdled 2024’s record-setting numbers. In the latest edition of the LexisNexis® Insurance Demand Meter, a quarterly year-over-year report which tracks U.S. consumer auto insurance shopping and new policy trends, auto policy shopping increased 9.4%, while new policy growth rose 3.6%. The Q2 report highlights how dynamics, such as rate decreases and increased marketing efforts, drove last quarter’s numbers, how vehicle purchases influenced policy shopping and the jump in shopping insurers saw from single-driver policies.

Download the report today.

About the Insurance Demand Meter

To help inform insurer business strategies tied to acquisition and retention trends, LexisNexis® Risk Solutions is pleased to offer the Insurance Demand Meter, a report based on billions of shopping transactions that compiles data on actual consumer activity to offer the most comprehensive view of shopping in the U.S. auto insurance market. 

Insurance decision makers can draw on this information to benchmark their performance against macro trends pertaining to: 

• Shopping rates
• Shopping volume
• New policy growth

Download the latest edition for additional analysis and the latest consumer insurance shopping trends that are impacting your business.