LexisNexis® U.S. Insurance Demand Meter Reports Continued Hot Streak with "Nuclear" U.S. Consumer Shopping and "Sizzling" New Policy Growth [Yahoo! Finance]
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
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Source: Yahoo! Finance
PR Newswire Tue, February 18, 2025 at 7:30 PM GMT+1 4 min read In This Article RELX RLXXF ATLANTA Feb. 18, 2025 /PRNewswire/ -- For the third consecutive quarter, U.S. auto insurance shopping remains "Nuclear," according to the LexisNexis® Risk Solutions U.S. Insurance Demand Meter , while new policy growth registered at a "Sizzling" level. Insurers saw 18% more consumers shopping in 2024 compared to 2023 levels. A combination of consumers seeing their rates increasing in conjunction with carrier-led marketing campaigns promoting lower premiums helped entice policyholders into the market. Compared to their behavior in previous quarters, those shoppers didn't necessarily switch their policies. Q4 2024 US Insurance Demand Meter_Chart A Key Takeaways Consumers Continue to Shop: As of December 31, 2024 , 45% of policies-in-force were shopped at least once in the last 12 months. Shopping and New Policy Growth Increased Year-over-Year : Shopping grew 26% in Q4 2024, whi
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