Auto Insurance Shopping Reaches New High in Q1 2024
TransUnion(TRU) globenewswire.com·2024-05-21 20:00
CHICAGO, May 21, 2024 (GLOBE NEWSWIRE) -- The number of U.S. consumers who shopped for auto insurance in Q1 2024 increased by 6% YoY, compared to Q1 2023. This represents a five-year Q1 high and a continuation of strong growth in shopping observed in Q4 2023, according to new research from TransUnion (NYSE: TRU). This trend bolsters hopes that the personal lines insurance industry will move toward profitability in 2024. However, the current high interest rate environment continues to strain consumers’ walle ...