Auto Insurance Shopping Report: 2022 Q2

Shopping Rates are Increasing...

As the cost of mobility continues to increase with rising gas prices, coupled with industry-wide rate increases, the number of customers shopping for new auto policies has risen over the last quarter.

As consumers search for lower premiums they are increasingly turning to usage-based insurance programs to help alleviate the increased mobility costs. Since the J.D. Power Loyalty Indicator & Shopping Trends (LIST) began tracking both shopping and overall usage of UBI, we’ve seen a steady increase in adoption, particularly by those in the lower self-reported credit tiers, a trend that is likely to continue as macroeconomic pressures continue to impact consumers—particularly those who are price-sensitive.

Read the full LIST Report for more 2022 Q2 auto insurance shopping trends.