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LexisNexis® U.S. Insurance Demand Meter Reveals Robust Consumer Auto Shopping and Steady New Policy Growth in 2024
A recent report from LexisNexis® U.S. Insurance has shed light on the dynamic landscape of the American auto insurance market, indicating a particularly active period for consumer shopping and a positive, albeit measured, growth in new policy acquisition as the industry navigates 2024 market activity.
The “LexisNexis® U.S. Insurance Demand Meter: Consumer Auto Shopping Clocks in ‘Hot’ and New Policy Growth Registers ‘Warm'” report, published on August 19, 2025, by PR Newswire, paints a picture of an engaged consumer base actively seeking out auto insurance solutions. The “hot” rating for consumer auto shopping suggests a significant increase in consumers comparing quotes and exploring different coverage options. This heightened activity is a positive sign for the industry, reflecting an awareness among policyholders of the importance of securing suitable coverage and potentially seeking better value.
Complementing this strong consumer interest, the report indicates that new policy growth registered a “warm” pace. While not experiencing explosive growth, this term suggests a steady and consistent expansion of the insurance market. This “warm” growth is encouraging, demonstrating that despite economic fluctuations or other market pressures, the demand for auto insurance remains a fundamental need for American drivers. It signifies that insurers are successfully attracting new customers and expanding their reach.
The LexisNexis® U.S. Insurance Demand Meter is a valuable tool for understanding the pulse of the insurance market, providing actionable insights into consumer behavior and industry trends. The findings in this latest report suggest that insurers who can effectively connect with actively shopping consumers and offer competitive, tailored solutions are well-positioned to capitalize on the current market environment.
As the industry continues to hurdle through 2024 market activity, the report underscores the resilience and continued relevance of auto insurance in the lives of American consumers. The combination of robust consumer engagement and consistent new policy growth offers a reassuring outlook for the sector, highlighting opportunities for innovation and enhanced customer service to meet the evolving needs of policyholders.
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PR Newswire Policy Public Interest published ‘LexisNexis® U.S. Insurance Demand Meter: Consumer Auto Shopping Clocks in ‘Hot’ and New Policy Growth Registers ‘Warm’ as the Industry Hurdles 2024 Market Activity’ at 2025-08-19 14:30. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.