A variety of telematics and auto-themed illustrations float over a virtual cityscape. The highest numbers of UBI-adoptees were among those who self-reported their credit tier as fair/poor, as opposed to those who reported their tier as excellent/good. (Credit: metamorworks/Shutterstock.com)

The number of customers shopping for auto policies rose over the second quarter of 2022, despite the fact that driving has become increasingly more expensive thanks to high gas prices and industry-wide rate increases, says the latest Insurance Loyalty Indicator Shopping Trends (LIST) report from J.D. Power, in collaboration with TransUnion.

As premiums have risen, usage-based insurance (UBI) programs have become more popular with consumers looking for ways to lower their rates. According to the report, during Q2, the number of customers who were offered a telematics-monitored policy rose from 32% to 40%, and the amount of customers who opted in to these policies jumped from 49% to 65%.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].