The third quarter of 2021 saw personal auto rates increase 4.7%, showing moderate growth compared with earlier in the year, according to MarketScout, which reported personal lines were up 6.6% overall during Q3. That came on the heels of consumers shopping for auto insurance at a record-setting pace during the second quarter, according to LexisNexis Risk Solutions. Year-on-year shopping volume grew 1.1%, while new policies written grew 8%. Millennials and Gen Z have become the most active demographics in terms of auto insurance shopping during the past quarter, according to TransUnion, while baby boomers and the Silent Generation have become less active. "During the second half of 2020, strong shopping and new business volumes were buoyed by state and federal relief programs, so it will be interesting to see how the second half of 2021 performs," Chris Rice, associate vice president of strategic business intelligence for LexisNexis Risk Solutions, said in a release. "The second quarter of 2021 represents the last time the industry's YOY growth numbers will compare to the pandemic-related shutdowns from last year." The above slideshow highlights the 10 largest auto insurers based on market share and premiums written, according to Valuepengiun.com. Related: |

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