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New driver endorsements ended 2020 down some 18%. Pulling the yearly average down were some dramatic drops, including a decline of 45% in May. Some of this can be attributed to DMVs being closed in many states. (Credit: Africa Studio/Shutterstock.com) New driver endorsements ended 2020 down some 18%. Pulling the yearly average down were some dramatic drops, including a decline of 45% in May. Some of this can be attributed to DMVs being closed in many states. (Credit: Africa Studio/Shutterstock.com)

The past year was a wild ride and that was reflected in the auto insurance market, which saw big swings in shopping volumes, disrupted renewal patterns and a rise in DUIs among younger generations, according to LexisNexis Risk Solutions.

Auto insurance volume fluctuated throughout 2020 and new business policies written fell 10.4%, but overall volumes ended the year 5.3% higher than the year prior. Additionally, new driver endorsements ended 2020 down some 18%. Depressing the yearly average were some dramatic drops, including a decline of 45% in May 2020.

Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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