P&A Providers & Administrators
MenuMENU
SearchSEARCH

Many Shopping for New Car Insurance

Rising rates, policy dissatisfaction put many on the market, including for dealer-provided policies.

May 1, 2024
Many Shopping for New Car Insurance

The survey found that 35% of auto insurance consumers indicated interest in embedded policies provided through auto dealers or manufacturers.

Credit:

Pexels/Maria Orlova

2 min to read


With car insurance rates on the rise and many consumers dissatisfied with coverage, they’re on the hunt for new policies, and many express interest in embedded ones.

A J.D. Power survey of 10,000 insurance shoppers found that about half, 49%, of auto insurance consumers have shopped for a new policy in the year ended Feb. 29, and 29% of those have switched carriers, particularly the youngest policy holders.

Ad Loading...

It pointed out that the average auto insurance cost is up 22%, more than any other category tracked by the Consumer Price Index.

At the same time, average customer satisfaction in auto insurance was at a low 676 on a 1,000-point scale. Electric-vehicle owners were less satisfied than those with gas-powered vehicles, a difference J.D. Power attributes to the fact that EVs are more expensive to insure.

The survey found that 35% of auto insurance consumers indicated interest in embedded policies provided through auto dealers or manufacturers.

Insurers appear to be cutting down on UBI offerings, or those that use telematics software to detect and adjust insurance rates based on the policy holder’s driving. J.D. Power said such policies were offered to just 15% of shoppers.

The study, conducted from March of last year through January, surveyed consumers who sought an insurance quote from at least one insurer in the previous six months.

Ad Loading...

Originally posted on Auto Dealer Today

More Industry

Kia Niro SUV in gold color parked outdoors
Industryby Hannah MitchellSeptember 1, 2026

Kia Closes Out Summer With a Bang

Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.

Read More →
Outside of Auto Park Ford dealership
Industryby Lauren LawrenceSeptember 1, 2026

Indiana Dealership Changes Hands

A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.

Read More →
Three men standing in front of two classic cars handing off gift.
Industryby Hannah MitchellAugust 25, 2026

Texas Dealership No Longer in the Family

The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.

Read More →
Ad Loading...
Outside of modern car dealership “Genesis of San Bruno
Industryby Lauren LawrenceAugust 25, 2026

Genesis Grows California Presence

The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.

Read More →
Red Honda Civic hybrid sedan on two lane road with green hills in background
Industryby Hannah MitchellAugust 21, 2026

August Auto Sales a Mixed Bag

An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.

Read More →
EV charger inserted into dark-colored car port
Industryby Hannah MitchellAugust 18, 2026

EV Market Humming Along

July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.

Read More →
Ad Loading...
car in background with hand giving a thumbs up in front
Industryby Lauren LawrenceAugust 14, 2026

Auto Loan Delinquency Rates Stabilize

Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.

Read More →
blue sky, yellow and orange rollercoaster with riders going up an incline
Industryby Lauren LawrenceAugust 12, 2026

EV Sales Recover in Q2

The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.

Read More →
Photo of blue Toyota Prius parked next to body of water with city skyline in background
Industryby Hannah MitchellAugust 5, 2026

The Cheapest Hybrids to Fuel

The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.

Read More →
Ad Loading...
white SUV parked in front of a body of water with a gray sky background
Industryby Lauren LawrenceAugust 5, 2026

Hybrids and SUVs Gaining Ground

The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.

Read More →