After seeing a new record high rate in Q2 2024, the third quarter of 2024 began with a large drop in auto policy shopping in July. However, policy shopping rebounded in August and September, with September hitting a new monthly high shopping rate of 13.8%, according to J.D. Power's Q3 2024 LIST Report.
Overall, the policy shopping rate dropped slightly from 13.3% in Q2 to 13.2% in Q3, but J.D. Power predicts this rate in Q4 could be as high as 13.8%, largely driven by customers searching for lower premiums.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.