The auto insurance market is shifting gears.
Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability.
However, it’s a winding road, according to the 2025 annual LexisNexis Risk Solutions U.S. Auto Insurance Trends Report, “Market Shifts Shaping U.S. Auto Insurance”. Consumers continue to shop and switch at record levels while driving goes electric and claim sev…