Report overview
Named Driver is the person who is insured to drive a vehicle in which another person does most of the driving. This insurance is also called additional driver insurance. While driving the vehicle, the named driver has the same level of cover as the main driver. The named driver car insurance is useful for younger drivers who already face high premiums because of their age and associated risk factor. These younger drivers can add experienced driver in their policy such as parent or guardian. Also, adding a named driver in insurance policy result in a decrease in your annual premium.
This report aims to provide a comprehensive presentation of the global market for Named Driver Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Named Driver Insurance. This report contains market size and forecasts of Named Driver Insurance in global, including the following market information:
Global Named Driver Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Named Driver Insurance market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
By Coverages Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Named Driver Insurance include AXA, Allstate Insurance, Allianz, Berkshire Hathaway, AIG, Generali, State Farm Insurance, Munich Reinsurance and Metlife, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Named Driver 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 Named Driver Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Named Driver Insurance Market Segment Percentages, by Type, 2022 (%)
By Coverages
Personal Accident Cover
Courtesy Car
Breakdown Cover
Multi Car Cover
Others
By Level of Cover
Third Party
Fully Comprehensive
By Distribution Channel
Insurance Brokers
Insurance Company
Others
Global Named Driver Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Named Driver Insurance Market Segment Percentages, by Application, 2022 (%)
Experienced Driver
Inexperienced Driver
Global Named Driver Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Named Driver Insurance Market Segment Percentages, By Region and Country, 2022 (%)
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 Named Driver Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Named Driver Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
AXA
Allstate Insurance
Allianz
Berkshire Hathaway
AIG
Generali
State Farm Insurance
Munich Reinsurance
Metlife
Ping An
Outline of Major Chapters:
Chapter 1: Introduces the definition of Named Driver Insurance, market overview.
Chapter 2: Global Named Driver Insurance market size in revenue.
Chapter 3: Detailed analysis of Named Driver Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Named Driver Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
