Report overview
The usage-based insurance for automotive is a method to calculate the insurance premium. The amount of insurance premium is decided on the basis of a driving score which is calculated by considering factors such as vehicle usage, location, speeding, braking, cornering, night driving, and distracted driving. Based on the driving score, automotive insurance providers offer a discount on the insurance premium.
This report contains market size and forecasts of Automotive UBI (Usage-based Insurance) in global, including the following market information:
Global Automotive UBI (Usage-based Insurance) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive UBI (Usage-based Insurance) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Automotive UBI (Usage-based Insurance) companies in 2021 (%)
The global Automotive UBI (Usage-based Insurance) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Odometer Data Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive UBI (Usage-based Insurance) include Allianz, AXA, Progressive, Generali Group, Insure The Box Ltd, Allstate, Desjardins, Metromile and Liberty Mutual, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Automotive UBI (Usage-based Insurance) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive UBI (Usage-based Insurance) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive UBI (Usage-based Insurance) Market Segment Percentages, by Type, 2021 (%)
Odometer Data Based
GPS data based
Others
Global Automotive UBI (Usage-based Insurance) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive UBI (Usage-based Insurance) Market Segment Percentages, by Application, 2021 (%)
Compact Car
Mid-size Car
Full-size Car
SUV/Crossover
Other
Global Automotive UBI (Usage-based Insurance) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive UBI (Usage-based Insurance) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive UBI (Usage-based Insurance) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive UBI (Usage-based Insurance) revenues share in global market, 2021 (%)
Key companies Automotive UBI (Usage-based Insurance) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Automotive UBI (Usage-based Insurance) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allianz
AXA
Progressive
Generali Group
Insure The Box Ltd
Allstate
Desjardins
Metromile
Liberty Mutual
Aviva
Admiral Group
Ageas
