LexisNexis Report Shows Elevated U.S. Auto Insurance Shopping Volumes in Q3 2026
The LexisNexis U.S. Insurance Demand Meter report for Q3 2026 indicates that auto insurance shopping and new business growth remain in 'Warm' territory, despite a slight deceleration compared to the previous quarter. Annual shopping activity remains near record levels, with 47.2% of policies-in-force having been shopped within the last year. This sustained interest suggests consumers are highly sensitive to rate changes and broader affordability pressures. Market dynamics show that non-standard insurance shopping grew by 5.4%, marking its first positive growth in 2026, while standard shopping slowed to 1.3%. The exclusive agent distribution channel continues to outperform direct and independent channels. Additionally, the report highlights significant retention challenges for insurers, noting that half of all lost policies over a 60-day period switched to new providers.
Topics: auto insurance consumer behavior insurance shopping trends market demand