Insurers continued implementing rate increases to attain profitability in the third quarter of 2024. (Credit: tommaso79/Shutterstock)

The number of U.S. consumers on the hunt for new auto insurance policies continues to skyrocket.

Shopping and new policy growth have reached ‘nuclear’ levels, according to a report by LexisNexis, growing 31.2% year-over-year in the third quarter of 2024, and up considerably from the second quarter’s 16.1% spike.

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