agent Entrepreneur logo
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

Photo of MINI nameplate on the hood of a white MINI Cooper
Industryby Hannah MitchellJuly 23, 2026

Autos More Appealing

Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.

Read More →
red car parked in front of a sunset, The Used Market Divide, Agent Entrepreneur
Industryby Lauren LawrenceJuly 23, 2026

Used EVs Defy Overall Market

While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.

Read More →
Photo of a retriever dog looking out of an open SUV window with a yellow Peugeot headrest on the top of the window below it
Industryby Hannah MitchellJuly 16, 2026

Gone to the Dogs

A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.

Read More →
Ad Loading...
Aerial shot of a car dealership
Industryby Hannah MitchellJuly 13, 2026

OEM Poll Sees Industry Evolution

Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.

Read More →
Foreign Cars Italia dealership store in front of sunset
Industryby Hannah MitchellJuly 2, 2026

Luxe N.C. Dealerships Change Hands

A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.

Read More →
inside of car, person with hands on black steering wheel
Industryby Lauren LawrenceJuly 2, 2026

Exposure Drives Interest in Chinese Cars

At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.

Read More →
Ad Loading...
Woman's hands holding an wallet empty of cash
Industryby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Rob Mancuso sitting in a chair on stage
Industryby Hannah MitchellJuly 1, 2026

Agent Advocate

Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.

Read More →
Photo of a touchscreen on a car's dashboard
Industryby Hannah MitchellJune 25, 2026

Driving Under Distraction

Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.

Read More →
Ad Loading...
split background green and blue. 2019 to 2025 with car going from starting location to end point. $37,310 and $48,402. Agent Entrepreneur logo
Industryby Lauren LawrenceJune 25, 2026

Affordable New Cars a Thing of the Past

More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.

Read More →
Ad Loading...