auto insurance News
Carrier Retention Rates Decline Due to Auto Insurance Comparison Shopping
Consumers purchasing new policies and shopping around for auto insurance in the U.S. helped carriers post positive year-over-year growth and record volumes for the final quarter of the year, ...Study: Buyers 45 and Under Want to Combine Car/Insurance Purchase
A new study focused on buyers 45 and younger highlights their preference for a seamless car shopping experience, combining car and insurance purchases. Polly, an embedded auto insurance provider, ...Allstate Redesigns Mobile App
Allstate announced updates to its mobile app, adding more features such as an affordable gas finder called GasBuddy, a parking reservation platform called SpotHero, a climate risk resource to guide ...Progressive in a Better Place With Reserve Boosts Done, CEO Says
Shoring up loss reserves and adding "the premium equivalent" of a top 8 personal auto insurer to its books has put Progressive in a better place now than it was at the end of the second quarter. The ...Most Consider Insurance Pricing Factors Fair, But Half Struggle to Pay
How insurers price personal auto and homeowners policies is fair, according to most Americans, but nearly half (47 percent) said paying for coverage was a challenge, a newly-released Insurance ...Car Insurance Savings App Jerry Announces $110M C2 Funding Round
Jerry, a car insurance savings app, announced its series C2 funding round, securing $110 million in equity and debt financing. The up round allowed the company to double its AI-powered services for ...Another Insurer Limiting Florida Insurance Policies
AAA won't renew "a very small percentage" of homeowners and auto insurance policies in hurricane-wracked Florida, joining other insurers in limiting their exposure in the Sunshine State despite ...Wind, Hail Contribute to Allstate’s May Cat Losses Estimated at $893M
Allstate reported estimated catastrophe losses for the month of May at $885 million, or $699 million after tax. May month catastrophe losses include 12 events estimated at $893 million, with ...Drivers Are Shopping, Swapping Auto Insurance Policies at Record Pace
Drivers are kicking the tires and trading up for new auto insurance policies.
In the first quarter, new policy growth rate was up 17 ...