US consumers continue to shop and switch auto insurance at higher rates, reducing carrier retention rates
According to the LexisNexis Insurance Demand Meter, a “hot” Q4 of 2023 means continued rate hikes along with improved compounding ratios, and now opens a window for insurers to take advantage of continued shopping as they look for a return to profitability in 2024. ATLANTA, February 21, 2024 /PRNewswire/ — Key findings US auto insurance …