Global Automotive Usage Based Insurance Supply, Demand and Key Producers, 2023-2029

Global Automotive Usage Based Insurance Supply, Demand and Key Producers, 2023-2029

The global Automotive Usage Based Insurance market size is expected to reach $ 91510 million by 2029, rising at a market growth of 24.1% CAGR during the forecast period (2023-2029).

Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.The company uses a telematics device — such as a plug-in device or mobile application — to track factors like your mileage and speed. If you’re a safe driver, usage-based insurance could lower your auto insurance policy rates.

This report studies the global Automotive Usage Based Insurance demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Automotive Usage Based Insurance, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Automotive Usage Based Insurance that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Automotive Usage Based Insurance total market, 2018-2029, (USD Million)

Global Automotive Usage Based Insurance total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Automotive Usage Based Insurance total market, key domestic companies and share, (USD Million)

Global Automotive Usage Based Insurance revenue by player and market share 2018-2023, (USD Million)

Global Automotive Usage Based Insurance total market by Type, CAGR, 2018-2029, (USD Million)

Global Automotive Usage Based Insurance total market by Application, CAGR, 2018-2029, (USD Million)

This reports profiles major players in the global Automotive Usage Based Insurance market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allstate Insurance Company, Esurance, Credit Karma,LLC, DriveSense, Liberty Mutual, Metromile, Progressive, State Farm and The Travelers Indemnity Company, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Automotive Usage Based Insurance market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Automotive Usage Based Insurance Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Automotive Usage Based Insurance Market, Segmentation by Type
PAYD (Pay As You Drive)
PHYD (Pay How You Drive)

Global Automotive Usage Based Insurance Market, Segmentation by Application
Commercial Vehicle
Passenger Car

Companies Profiled:
Allstate Insurance Company
Esurance
Credit Karma,LLC
DriveSense
Liberty Mutual
Metromile
Progressive
State Farm
The Travelers Indemnity Company
AXA
Assicurazioni Generali
Desjardins Group

Key Questions Answered

1. How big is the global Automotive Usage Based Insurance market?

2. What is the demand of the global Automotive Usage Based Insurance market?

3. What is the year over year growth of the global Automotive Usage Based Insurance market?

4. What is the total value of the global Automotive Usage Based Insurance market?

5. Who are the major players in the global Automotive Usage Based Insurance market?

6. What are the growth factors driving the market demand?