States like Nevada and New Jersey show double-digit rise in issuance
US consumer auto insurance shopping continued at a strong pace in the first quarter of 2025, according to the latest Insurance Demand Meter released by LexisNexis Risk Solutions.
The report noted that auto policy shopping growth reached 16%, while new policy growth stood at 8.4%, both declining slightly from the fourth quarter of 2024.
The increase in shopping activity was largely supported by the direct distribution channel, which recorded a 34% year-over-year rise. This channel outpaced growth seen in both independent and exclusive agent channels.
A 30% uptick in the non-standard market segment also contributed to the rise, with tax refund season bringing more uninsured individuals into the market.