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Are Insurance Price Increases a Tipping Point for Gen X and Boomers?

Majesco

Auto insurance repair costs align strongly with the number of claims, increasing and driving up insurance costs. Weather and catastrophic events, crime, more frequent and larger lawsuits, and high-tech vehicles also contribute significantly to their perceptions of what is driving up auto insurance costs.

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Gen Z and Millennial Buyer Insurance Trends Point to the Importance of Data/AI Technologies

Majesco

Auto Insurance Study SM released June 2024, 76% of the younger generation have had to cut back and tighten their budget compared to 61% of the older generation. [i] i] The financial challenges are reshaping buying and decisions regarding insurance, particularly for the younger generation who are even more strapped.