Although auto sales in the U.S. increased significantly year-over-year in Q2 2021, auto insurance shopping only saw modest gains for the same period.
According to J.D. Powers's Quarterly Shopping LIST Report, which is produced in collaboration with TransUnion, shopping volumes for auto insurance rose 0.3% overall in the second quarter, while all U.S. regions reported higher shopping volumes versus Q1, signaling a rebound to pre-pandemic norms.
TransUnion specifically observed a 19.5% increase in car insurance shopping activity for consumers in the highest-risk group in Q2. This group, however, also experienced a dramatic decrease in activity for the same period in 2020.
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