Automotive Insurance is a contract between vehicle owner and the insurance company that protects vehicle owner against financial loss in the event of an accident or theft. In exchange for owners paying a premium, the insurance company agrees to pay losses as outlined in your policy.
This report contains market size and forecasts of Automotive Insurance in Global, including the following market information:
- Global Automotive Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global top five companies in 2021 (%)
The global Automotive Insurance market was valued at 205770 million in 2021 and is projected to reach US$ 244400 million by 2028, at a CAGR of 2.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Third-Party Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Insurance include Allstate Insurance Company, RAC Motoring Services, Progressive Casualty Insurance Company, Clements Worldwide, GEICO, NFU Mutual, Zhongan Insurance, ABIC Inc and CPIC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Automotive Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Automotive Insurance Market Segment Percentages, by Type, 2021 (%)
- Third-Party
- Comprehensive
- Theft
- Fire
- Others
Global Automotive Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Automotive Insurance Market Segment Percentages, by Application, 2021 (%)
- Personal User
- Company
- Fleet
- Other
Global Automotive Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Automotive 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 Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Automotive Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Allstate Insurance Company
- RAC Motoring Services
- Progressive Casualty Insurance Company
- Clements Worldwide
- GEICO
- NFU Mutual
- Zhongan Insurance
- ABIC Inc
- CPIC
- State Farm Mutual Automobile Insurance Company
- RSA Insurance Group plc
- Zurich Insurance Group
- Allianz SE
- PICC
- Assicurazioni Generali
