Though shopping volume has increased in early 2023, the report predicts the possibility of a slowdown in the second half of the year, depending on economic conditions and their impact on vehicle sales. (Credit: Dragonstock/Adobe Stock)
Increases in auto insurance policy rates are inspiring customers to shop around for more affordable options, and the Q1 2023 LexisNexis Insurance Demand Meter recorded the highest level of policy shopping volume since the Demand Meter began in the first quarter of 2020.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.