By Jeff Dunsavage, Head of Research Publications and Insights, Triple-I
U.S. drivers kept shopping for auto insurance at near-record levels in the second quarter, even as the pace of growth eased from earlier in 2026, according to new data from LexisNexis Risk Solutions.
The personal auto insurance market is shifting from broad rate-hike-driven shopping to a more segmented, discipline-focused cycle, and carriers that can match risk to rate precisely stand to gain the most, the LexisNexis Q2 Insurance Demand Meter indicated.
Report highlights:
- Shopping growth slowed to 1.4% year over year in the second quarter, down from 3.2% in the first quarter.
- New-policy growth dipped slightly, to 3.3%, from 3.6% in the previous quarter.
- 47.2 percent of auto policies in force had been shopped at least once in the past year.
- Rate revisions were nearly split: 38% increases, 36% decreases, 27% neutral.
- New York (13%) and New Jersey (12.5%) led all states in shopping growth.
Learn More:
Triple-I’s tips on shopping for auto and home insurance.
Triple-I’s Personal Auto Issues Brief (members only)
