Report overview
New car replacement insurance gives you money for a brand new car of the same make and model (minus your deductible) instead of the depreciated value of your totaled car if your vehicle gets totaled.
This report contains market size and forecasts of New Car Replacement Insurance in Global, including the following market information:
Global New Car Replacement Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global New Car Replacement 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 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Luxury Vehicle Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of New Car Replacement Insurance include Allstate, Ameriprise Financial, Erie Insurance Co, Farmers Insurance Group, The Hartford, Liberty Mutual and The Travelers Companies, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the New Car Replacement 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 New Car Replacement Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global New Car Replacement Insurance Market Segment Percentages, by Type, 2021 (%)
Luxury Vehicle
Electric Vehicle
Other
Global New Car Replacement Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global New Car Replacement Insurance Market Segment Percentages, by Application, 2021 (%)
Vehicle Less than One Year Old
Vehicle Less than Two Years Old
Vehicle Less than Three Years Old
Global New Car Replacement Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global New Car Replacement 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 New Car Replacement Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies New Car Replacement Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allstate
Ameriprise Financial
Erie Insurance Co
Farmers Insurance Group
The Hartford
Liberty Mutual
The Travelers Companies
