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
LexisNexis Risk Solutions (NYSE:RELX) reports strong auto insurance market activity in Q2 2025, with shopping rates increasing 9.4% year-over-year and new policies growing 3.6%. The company's Insurance Demand Meter showed a record 46.5% of policies-in-force were shopped within the past 12 months.
Key markets including New Jersey (33%), Texas (17%), California (16%), and Florida (9%) led shopping growth. Among top 25 auto insurers, 40% of Q2 rate filings were reductions, averaging -4%. Direct channel growth dominated with 22.8% year-over-year increase. Single-driver policies and those with fewer vehicles showed the strongest shopping activity, while new vehicle-related insurance shopping rose 9% since January 2022.
LexisNexis Risk Solutions (NYSE:RELX) segnala una vivace attività nel mercato delle assicurazioni auto nel secondo trimestre 2025: i tassi di ricerca delle polizze sono aumentati del 9,4% su base annua e le nuove polizze sono cresciute del 3,6%. L'Insurance Demand Meter dell'azienda ha rilevato un record: il 46,5% delle polizze in vigore è stato oggetto di comparazione negli ultimi 12 mesi.
I principali mercati che hanno trainato la crescita delle ricerche sono stati New Jersey (33%), Texas (17%), California (16%) e Florida (9%). Tra le prime 25 compagnie auto, il 40% delle richieste tariffarie in Q2 erano riduzioni, con una media del -4%. Ha prevalso la crescita del canale diretto, con un aumento del 22,8% anno su anno. Le polizze con un unico conducente e con meno veicoli hanno mostrato la maggiore propensione alla ricerca, mentre lo shopping per polizze legate a veicoli nuovi è salito del 9% dal gennaio 2022.
LexisNexis Risk Solutions (NYSE:RELX) informa de una fuerte actividad en el mercado de seguros de auto en el 2.º trimestre de 2025: las búsquedas de pólizas aumentaron un 9,4% interanual y las nuevas pólizas crecieron un 3,6%. El Insurance Demand Meter de la compañía mostró un récord: el 46,5% de las pólizas vigentes fueron buscadas en los últimos 12 meses.
Los mercados clave que impulsaron el crecimiento de búsquedas fueron New Jersey (33%), Texas (17%), California (16%) y Florida (9%). Entre las 25 principales aseguradoras de autos, el 40% de las solicitudes de tarifa en el Q2 fueron reducciones, con una media de -4%. Creció especialmente el canal directo, con un incremento del 22,8% interanual. Las pólizas con un único conductor y con menos vehículos registraron la mayor actividad de búsqueda, mientras que las búsquedas relacionadas con vehículos nuevos aumentaron un 9% desde enero de 2022.
LexisNexis Risk Solutions (NYSE:RELX)는 2025년 2분기 자동차 보험 시장에서 활발한 움직임을 보고했습니다. 보험 비교(쇼핑) 비율이 전년 대비 9.4% 증가했고 신규 가입 건수가 3.6% 증가했습니다. 회사의 Insurance Demand Meter에 따르면 지난 12개월 동안 보험 유효 건의 46.5%가 비교 대상이 된 것으로 집계되어 사상 최고치를 기록했습니다.
쇼핑 증가를 주도한 주요 지역은 뉴저지(33%), 텍사스(17%), 캘리포니아(16%), 플로리다(9%)였습니다. 상위 25개 자동차 보험사 중 2분기 요율 신고의 40%는 인하였고 평균 인하율은 -4%였습니다. 직접 판매 채널이 두드러지게 성장하여 연간 기준 22.8% 증가를 보였습니다. 1인 운전자 보험과 차량 수가 적은 폴리시는 쇼핑 활동이 가장 활발했고, 신차 관련 보험 쇼핑은 2022년 1월 이후 9% 증가했습니다.
LexisNexis Risk Solutions (NYSE:RELX) rapporte une forte dynamique sur le marché de l'assurance auto au T2 2025 : les taux de recherche ont augmenté de 9,4% en glissement annuel et les nouvelles polices ont progressé de 3,6%. Le Insurance Demand Meter de la société a affiché un record : 46,5% des polices en vigueur ont été recherchées au cours des 12 derniers mois.
Les marchés clés ayant porté la croissance des recherches sont New Jersey (33%), Texas (17%), Californie (16%) et Floride (9%). Parmi les 25 principales assurances auto, 40% des dépôts tarifaires au T2 étaient des baisses, en moyenne -4%. Le canal direct a dominé la croissance avec une hausse de 22,8% sur un an. Les polices monopolisées par un seul conducteur et celles avec moins de véhicules ont montré la plus forte activité de recherche, tandis que les recherches liées aux véhicules neufs ont augmenté de 9% depuis janvier 2022.
LexisNexis Risk Solutions (NYSE:RELX) meldet starke Aktivitäten im Kfz-Versicherungsmarkt im zweiten Quartal 2025: Die Suchraten stiegen jahresübergreifend um 9,4%, und Neupolicen legten um 3,6% zu. Der Insurance Demand Meter des Unternehmens zeigte einen Rekordwert: 46,5% der bestehenden Policen wurden in den vergangenen 12 Monaten verglichen.
Zu den wichtigsten Märkten, die das Suchwachstum antrieben, gehörten New Jersey (33%), Texas (17%), Kalifornien (16%) und Florida (9%). Unter den Top-25-Autoversicherern waren 40% der Tarifmeldungen im Q2 Senkungen, im Schnitt -4%. Insbesondere der Direktkanal verzeichnete starkes Wachstum mit 22,8% Jahreszuwachs. Policen für Alleinfahrer und mit weniger Fahrzeugen zeigten die stärkste Suchaktivität, während die Suche nach Versicherungen für Neuwagen seit Januar 2022 um 9% gestiegen ist.
- Record-high 46.5% of policies-in-force were shopped in past 12 months
- Direct channel achieved strong 22.8% year-over-year growth
- 40% of Q2 rate filings among top 25 auto insurers were rate reductions
- Existing policy shopper growth of 10.1% outpaced uninsured shopping growth
- Shopping growth showing signs of slowing pace compared to previous periods
- Only 2 states achieved 20% shopping growth in Q2, down from 10 states in Q1
- New business figures for vehicle purchases remained flat at 6-8%
Insights
LexisNexis reports strong insurance shopping metrics, highlighting RELX's data analytics strength in a growing market segment.
The latest LexisNexis Insurance Demand Meter results provide encouraging signals for RELX's data analytics business. With auto insurance shopping growth reaching
The record
What's particularly valuable is how the data reveals granular market trends: rate reductions among
For RELX investors, these metrics demonstrate how the company's Risk Solutions segment continues to leverage its data analytics capabilities to provide high-value market intelligence. The Insurance Demand Meter has become an established industry benchmark, enhancing RELX's position as a critical information provider in the insurance ecosystem during significant market shifts.
Key Takeaways
- Shopped Policies-in-Force Reach New Record: At the end of Q2,
46.5% of policies-in-force had been shopped at least once in the past 12 months, the highest rate seen since publication of the first LexisNexis®U.S. Insurance Demand Meter in 2020. - Highly Populated States Dominate Shopping Volumes: New Jersey (
33% ),Texas (17% ),California (16% ), andFlorida (9% ) led all otherU.S. States in Q2 shopping growth rates. - Rate Reductions and Vehicle Purchases Help Spur Shopping: For the top 25 auto insurers, almost
40% of Q2 2025 rate filings were rate reductions. - Single-Driver Policies Demonstrate the Strongest Shopping Activity: Since Q2 2024, policies covering individuals with fewer vehicles or comprised of single drivers were shopped and switched the most, outpacing multi-car policies, indicating this demographic is now more reactive to rate changes.
Key Observations
"The second quarter underscores how the insurance market remains in high gear, driven by the lingering effects of recent hypergrowth in shopping activity," said Jeff Batiste, senior vice president and general manager,
Direct Channel Momentum Continues to Influence Trends
Similar to Q1 2025, direct channel and the non-standard market spurred Q2 shopping activity. For the eighth consecutive quarter, growth in the direct channel led its exclusive and independent agent counterparts, netting
Additionally, in Q2, growth among shoppers with existing policies (
These trends also varied by geography, with only two states –
Rate Reductions Help Fuel Consumer Activity Amid Shifting Market Dynamics
The second quarter marked another period of evolving market conditions, which was partially defined by decreasing rates. Almost
New Vehicle Purchases, Single-Vehicle and Individual Drivers Seeing Policy Shopping Changes
Another factor influencing shopping was the activity tied to new vehicle sales. Since January 2022, the number of consumers shopping for auto insurance while shopping for a new vehicle has increased by
Despite continued growth in insurance shopping, new business figures associated with these transactions have remained steady. Over the same period, new business tied to vehicle purchases hovered between
This uptick among individual drivers and smaller households suggests a heightened emphasis on affordability – a trend potentially driven by tightening household budgets or shifting consumer priorities among rate-conscious shoppers.
"With
Looking Ahead
In the wake of unprecedented recent market shifts, more insurers are filing for rate decreases, a notable change after the previous two years have been dominated by rate hikes nationwide. During the first half of the year, consumers acted quickly to get ahead of potential personal economic changes and tariffs leading to increased vehicle purchases and, consequently, a rise in auto insurance shopping. Should new trade deals take effect, they may counteract expected rate decreases and emerging signs of market stabilization, potentially ushering in renewed movement and reshaping expectations for the remainder of the year.
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LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro
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FAQ
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