Global Vehicle Insurance Market Growth (Status and Outlook) 2025-2031

Global Vehicle Insurance Market Growth (Status and Outlook) 2025-2031

The global Vehicle Insurance market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Vehicle insurance, also known as car insurance, motor insurance, or auto insurance, is an insurance product that covers the financial risk of vehicle damage. It is designed to protect you against financial losses if you"re involved in an accident or the vehicle is damaged in some way. The policies include cars, trucks, motorcycles, and other road vehicles. Most states require you to have minimum amounts of liability insurance coverage.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.

LPI (LP Information)' newest research report, the “Vehicle Insurance Industry Forecast” looks at past sales and reviews total world Vehicle Insurance sales in 2024, providing a comprehensive analysis by region and market sector of projected Vehicle Insurance sales for 2025 through 2031. With Vehicle Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Insurance industry.

This Insight Report provides a comprehensive analysis of the global Vehicle Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Vehicle Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle Insurance.

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle Insurance market by product type, application, key players and key regions and countries.

Segmentation by Type:
Commercial Vehicle
Personal Vehicle

Segmentation by Application:
Treaty Reinsurance
Facultative Reinsurance

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Allianz
AXA
Ping An
Assicurazioni Generali
China Life Insurance
Metlife
Nippon Life Insurance
Munich Reinsurance
State Farm Insurance
Zurich Insurance
Old Mutual
Samsung
Aegon
Sumitomo
Aetna
MS&AD
HSBC

Please note: The report will take approximately 2 business days to prepare and deliver.