"Over the past two years, the automotive and auto insurance industries have been marked by shopping ebbs and flows that have, at times, been a complete departure from what we're accustomed to seeing — particularly the unusual trends we saw in 2020," Adam Pichon, vice president and general manager of auto insurance at LexisNexis Risk Solutions, said in a release. (Credit: Naypong Studio/Stock.adobe.com) “Over the past two years, the automotive and auto insurance industries have been marked by shopping ebbs and flows that have, at times, been a complete departure from what we’re accustomed to seeing — particularly the unusual trends we saw in 2020,” Adam Pichon, vice president and general manager of auto insurance at LexisNexis Risk Solutions, said in a release. (Credit: Naypong Studio/Stock.adobe.com)

The final quarter of 2021 saw the rate of personal auto insurance shopping drop to minus 5.9% compared with minus 3.9% during Q3 2021, according to LexisNexis Risk Solutions Insurance Demand Meter.

The rate of new policies written declined to minus 6.9% during Q4 2021 when compared with the same period the year prior. However, this was an improvement from the third quarter of 2021, which saw new policy “growth” of minus 7.3%, a two-year low, according to LexisNexis.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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