According to the J.D. Power 2015 U.S. Insurance ShoppingStudy, many auto insurance customers are shopping fora new insurer, but surprisingly few are actually switchingproviders.

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Auto insurers increased rates by an average of 2.1% nationwidein 2014, following an increase of 2.5% in 2013. Those rate hikesare contributing to customers shopping for a betterdeal. However, while more customers are shopping for a newinsurer—39% in 2014 compared with 32% in 2013—only 29% actuallyswitched in 2014, compared with 37% in 2013.

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 Below, a summary of the findings from J.D. Power.Click image to enlarge.

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Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].