The global market for Automotive UBI (Usage-based Insurance) was valued at US$ 2546 million in the year 2023 and is projected to reach a revised size of US$ 8379 million by 2030, growing at a CAGR of 18.3% during the forecast period.
Automotive Usage-Based Insurance (UBI) is an innovative insurance model that calculates premiums based on a driver’s actual behavior and usage patterns rather than relying solely on traditional factors like demographics or vehicle type. By leveraging telematics technology, UBI programs monitor metrics such as driving distance, speed, acceleration, braking, and time of day to assess risk and personalize insurance rates. This approach benefits safe drivers with lower premiums while encouraging responsible driving habits. UBI is often delivered through devices like onboard diagnostics (OBD) dongles, mobile apps, or factory-installed vehicle telematics systems. The model has gained popularity due to advancements in connected car technology, increased consumer demand for fairer pricing, and the insurance industry's push for data-driven risk management.
The automotive Usage-Based Insurance (UBI) market is experiencing significant growth, driven by advancements in telematics, increasing consumer demand for personalized insurance plans, and the global push toward connected vehicle ecosystems. UBI offers insurers a data-driven approach to assess risk more accurately, resulting in fairer premiums for customers and incentives for safer driving behavior. Key factors fueling market expansion include rising adoption of telematics devices, the proliferation of smartphones, and regulatory frameworks supporting data-sharing in the automotive industry. Regions like North America and Europe lead the market due to high penetration of connected cars, while emerging economies in Asia-Pacific are witnessing rapid adoption as insurers tap into growing vehicle ownership and digital infrastructure. Competitive differentiation among UBI providers centers on technology integration, customer experience, and value-added services like real-time driving feedback and rewards programs, positioning the market as a critical component of the future insurance landscape.
This report aims to provide a comprehensive presentation of the global market for Automotive UBI (Usage-based 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 Automotive UBI (Usage-based Insurance).
The Automotive UBI (Usage-based Insurance) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive UBI (Usage-based Insurance) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive UBI (Usage-based Insurance) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Â鶹Դ´ Segmentation
By Company
Allstate Insurance
GEICO
Nationwide Mutual Insurance
Progressive Corporation
Root Insurance
State Farm
Amica Mutual Insurance
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Intact Insurance
ADAC Autoversicherung AG
AXA
Flitter
Miles Ltd.
Unipol
Bajaj Allianz General Insurance
Hotai Insurance
Segment by Type
Pay as You Drive (PAYD)
Pay How You Drive (PHYD)
Segment by Application
Personal
Business
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automotive UBI (Usage-based Insurance) company competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Â鶹Դ´ Analysis by Type
1.2.1 Global Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Pay as You Drive (PAYD)
1.2.3 Pay How You Drive (PHYD)
1.3 Â鶹Դ´ by Application
1.3.1 Global Automotive UBI (Usage-based Insurance) Â鶹Դ´ Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Personal
1.3.3 Business
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Automotive UBI (Usage-based Insurance) Â鶹Դ´ Perspective (2019-2030)
2.2 Global Automotive UBI (Usage-based Insurance) Growth Trends by Region
2.2.1 Global Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Region: 2019 VS 2023 VS 2030
2.2.2 Automotive UBI (Usage-based Insurance) Historic Â鶹Դ´ Size by Region (2019-2024)
2.2.3 Automotive UBI (Usage-based Insurance) Forecasted Â鶹Դ´ Size by Region (2025-2030)
2.3 Automotive UBI (Usage-based Insurance) Â鶹Դ´ Dynamics
2.3.1 Automotive UBI (Usage-based Insurance) Industry Trends
2.3.2 Automotive UBI (Usage-based Insurance) Â鶹Դ´ Drivers
2.3.3 Automotive UBI (Usage-based Insurance) Â鶹Դ´ Challenges
2.3.4 Automotive UBI (Usage-based Insurance) Â鶹Դ´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Automotive UBI (Usage-based Insurance) Players by Revenue
3.1.1 Global Top Automotive UBI (Usage-based Insurance) Players by Revenue (2019-2024)
3.1.2 Global Automotive UBI (Usage-based Insurance) Revenue Â鶹Դ´ Share by Players (2019-2024)
3.2 Global Automotive UBI (Usage-based Insurance) Â鶹Դ´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Automotive UBI (Usage-based Insurance) Revenue
3.4 Global Automotive UBI (Usage-based Insurance) Â鶹Դ´ Concentration Ratio
3.4.1 Global Automotive UBI (Usage-based Insurance) Â鶹Դ´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automotive UBI (Usage-based Insurance) Revenue in 2023
3.5 Global Key Players of Automotive UBI (Usage-based Insurance) Head office and Area Served
3.6 Global Key Players of Automotive UBI (Usage-based Insurance), Product and Application
3.7 Global Key Players of Automotive UBI (Usage-based Insurance), Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Automotive UBI (Usage-based Insurance) Breakdown Data by Type
4.1 Global Automotive UBI (Usage-based Insurance) Historic Â鶹Դ´ Size by Type (2019-2024)
4.2 Global Automotive UBI (Usage-based Insurance) Forecasted Â鶹Դ´ Size by Type (2025-2030)
5 Automotive UBI (Usage-based Insurance) Breakdown Data by Application
5.1 Global Automotive UBI (Usage-based Insurance) Historic Â鶹Դ´ Size by Application (2019-2024)
5.2 Global Automotive UBI (Usage-based Insurance) Forecasted Â鶹Դ´ Size by Application (2025-2030)
6 North America
6.1 North America Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size (2019-2030)
6.2 North America Automotive UBI (Usage-based Insurance) Â鶹Դ´ Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Country (2019-2024)
6.4 North America Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size (2019-2030)
7.2 Europe Automotive UBI (Usage-based Insurance) Â鶹Դ´ Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Country (2019-2024)
7.4 Europe Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size (2019-2030)
8.2 Asia-Pacific Automotive UBI (Usage-based Insurance) Â鶹Դ´ Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Region (2019-2024)
8.4 Asia-Pacific Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size (2019-2030)
9.2 Latin America Automotive UBI (Usage-based Insurance) Â鶹Դ´ Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Country (2019-2024)
9.4 Latin America Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size (2019-2030)
10.2 Middle East & Africa Automotive UBI (Usage-based Insurance) Â鶹Դ´ Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Country (2019-2024)
10.4 Middle East & Africa Automotive UBI (Usage-based Insurance) Â鶹Դ´ Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Allstate Insurance
11.1.1 Allstate Insurance Company Details
11.1.2 Allstate Insurance Business Overview
11.1.3 Allstate Insurance Automotive UBI (Usage-based Insurance) Introduction
11.1.4 Allstate Insurance Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.1.5 Allstate Insurance Recent Development
11.2 GEICO
11.2.1 GEICO Company Details
11.2.2 GEICO Business Overview
11.2.3 GEICO Automotive UBI (Usage-based Insurance) Introduction
11.2.4 GEICO Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.2.5 GEICO Recent Development
11.3 Nationwide Mutual Insurance
11.3.1 Nationwide Mutual Insurance Company Details
11.3.2 Nationwide Mutual Insurance Business Overview
11.3.3 Nationwide Mutual Insurance Automotive UBI (Usage-based Insurance) Introduction
11.3.4 Nationwide Mutual Insurance Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.3.5 Nationwide Mutual Insurance Recent Development
11.4 Progressive Corporation
11.4.1 Progressive Corporation Company Details
11.4.2 Progressive Corporation Business Overview
11.4.3 Progressive Corporation Automotive UBI (Usage-based Insurance) Introduction
11.4.4 Progressive Corporation Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.4.5 Progressive Corporation Recent Development
11.5 Root Insurance
11.5.1 Root Insurance Company Details
11.5.2 Root Insurance Business Overview
11.5.3 Root Insurance Automotive UBI (Usage-based Insurance) Introduction
11.5.4 Root Insurance Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.5.5 Root Insurance Recent Development
11.6 State Farm
11.6.1 State Farm Company Details
11.6.2 State Farm Business Overview
11.6.3 State Farm Automotive UBI (Usage-based Insurance) Introduction
11.6.4 State Farm Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.6.5 State Farm Recent Development
11.7 Amica Mutual Insurance
11.7.1 Amica Mutual Insurance Company Details
11.7.2 Amica Mutual Insurance Business Overview
11.7.3 Amica Mutual Insurance Automotive UBI (Usage-based Insurance) Introduction
11.7.4 Amica Mutual Insurance Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.7.5 Amica Mutual Insurance Recent Development
11.8 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð
11.8.1 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Company Details
11.8.2 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Business Overview
11.8.3 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Automotive UBI (Usage-based Insurance) Introduction
11.8.4 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.8.5 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Recent Development
11.9 Intact Insurance
11.9.1 Intact Insurance Company Details
11.9.2 Intact Insurance Business Overview
11.9.3 Intact Insurance Automotive UBI (Usage-based Insurance) Introduction
11.9.4 Intact Insurance Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.9.5 Intact Insurance Recent Development
11.10 ADAC Autoversicherung AG
11.10.1 ADAC Autoversicherung AG Company Details
11.10.2 ADAC Autoversicherung AG Business Overview
11.10.3 ADAC Autoversicherung AG Automotive UBI (Usage-based Insurance) Introduction
11.10.4 ADAC Autoversicherung AG Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.10.5 ADAC Autoversicherung AG Recent Development
11.11 AXA
11.11.1 AXA Company Details
11.11.2 AXA Business Overview
11.11.3 AXA Automotive UBI (Usage-based Insurance) Introduction
11.11.4 AXA Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.11.5 AXA Recent Development
11.12 Flitter
11.12.1 Flitter Company Details
11.12.2 Flitter Business Overview
11.12.3 Flitter Automotive UBI (Usage-based Insurance) Introduction
11.12.4 Flitter Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.12.5 Flitter Recent Development
11.13 Miles Ltd.
11.13.1 Miles Ltd. Company Details
11.13.2 Miles Ltd. Business Overview
11.13.3 Miles Ltd. Automotive UBI (Usage-based Insurance) Introduction
11.13.4 Miles Ltd. Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.13.5 Miles Ltd. Recent Development
11.14 Unipol
11.14.1 Unipol Company Details
11.14.2 Unipol Business Overview
11.14.3 Unipol Automotive UBI (Usage-based Insurance) Introduction
11.14.4 Unipol Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.14.5 Unipol Recent Development
11.15 Bajaj Allianz General Insurance
11.15.1 Bajaj Allianz General Insurance Company Details
11.15.2 Bajaj Allianz General Insurance Business Overview
11.15.3 Bajaj Allianz General Insurance Automotive UBI (Usage-based Insurance) Introduction
11.15.4 Bajaj Allianz General Insurance Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.15.5 Bajaj Allianz General Insurance Recent Development
11.16 Hotai Insurance
11.16.1 Hotai Insurance Company Details
11.16.2 Hotai Insurance Business Overview
11.16.3 Hotai Insurance Automotive UBI (Usage-based Insurance) Introduction
11.16.4 Hotai Insurance Revenue in Automotive UBI (Usage-based Insurance) Business (2019-2024)
11.16.5 Hotai Insurance Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Â鶹Դ´ Size Estimation
13.1.1.3 Â鶹Դ´ Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
Allstate Insurance
GEICO
Nationwide Mutual Insurance
Progressive Corporation
Root Insurance
State Farm
Amica Mutual Insurance
´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð
Intact Insurance
ADAC Autoversicherung AG
AXA
Flitter
Miles Ltd.
Unipol
Bajaj Allianz General Insurance
Hotai Insurance
Ìý
Ìý
*If Applicable.
