Though efforts have been made by carriers to cut costs on things like ad expenditures to compensate for inflation, consumers have still been subject to rate increases. (Credit: Adobe Stock)
J.D. Power's Q4 2022 Loyalty Indicator and Shopping Trends (LIST) report showed auto insurance shopping was up to 12.1% across all regions of the United States, and the rate of customers who were switching carriers was 4.1% — up from 3.8% in Q3 2022, and 3.5% a year prior in Q4 2021.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
