Auto and property insurance shopping experienced 20% year-over-year increases in the fourth quarter of 2024, a new report shows.
TransUnion’s quarterly insurance trend and perspective report also shows profitability for auto and homeowners insurers was uneven. Property insurers are struggling with profitability because of delayed rate increases and natural disasters, according to the report.
The report eyes trends in personal lines insurance, including shopping, migration, and credit-based insurance stability. The report research is largely based on TransUnion’s internal data and analyses. It features information on insurance shopping transactions from July 2023 to December 2024.
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