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ATLANTA, Feb. 23, 2021 /PRNewswire/ To help carriers understand the ever-changing market and offer benchmark insights,
LexisNexis® Risk Solutions released its latest Insurance Demand Meter, reporting on Q4 U.S. auto insurance shopping activity, as well as 2020 year-end trends. The Meter shows that both shopping and new business policy volumes increased overall in the fourth quarter, and that despite the ups and downs throughout the year, 2020 ended relatively strong. The year concluded with an annual shop rate of 41%, which, while consistent with each quarter in 2020, is the highest since we began collecting the data.
(PRNewsfoto/LexisNexis Risk Solutions)