Usage-based Insurance (UBI) for Automotive is a type of insurance policy in which premiums are determined based on individual driving behavior and patterns. It utilizes telematics technology to collect data on factors such as mileage, speed, braking, and acceleration. This data is then used to assess risk and calculate personalized insurance rates. UBI aims to reward safe and responsible drivers by offering lower premiums and incentives. By measuring actual driving habits, UBI provides a fairer and more accurate pricing model, encouraging safer driving practices and potentially reducing accidents and insurance claims.
The global Usage-based Insurance for Automotive market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The industry trend for Usage-based Insurance (UBI) in the automotive sector is experiencing significant growth and adoption. As more vehicles incorporate advanced telematics systems, capturing real-time driving data has become easier and more cost-effective. This has led to an increase in insurers offering UBI policies as well as more policyholders opting for this personalized insurance approach. Additionally, advancements in connected car technology and the rise of the Internet of Things (IoT) have further fueled the trend, enabling insurers to offer more tailored coverage plans, improve risk assessment accuracy, and enhance customer engagement and loyalty. The industry's consistent push towards innovation and consumer-centricity reinforces UBI's upward trajectory.
This report aims to provide a comprehensive presentation of the global market for Usage-based Insurance for Automotive, 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 Usage-based Insurance for Automotive.
Report Scope
The Usage-based Insurance for Automotive market size, estimations, and forecasts are provided in terms of 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 Usage-based Insurance for Automotive 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 Usage-based Insurance for Automotive companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Âé¶¹Ô´´ Segmentation
By Company
Allstate Corporation
Allianz SE
American International Group
AXA SA
Generali Group
Insure The Box Limited
Liberty Mutual Insurance Company
Mapfre SA
Progressive Corporation
State Farm Automobile Mutual Insurance Company
Segment by Type
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)
Segment by Application
Passenger Car
Commerical Car
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
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 Usage-based Insurance for Automotive companies’ 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.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global Usage-based Insurance for Automotive Âé¶¹Ô´´ 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)
1.2.4 Manage-How-You-Drive (MHYD)
1.3 Âé¶¹Ô´´ by Application
1.3.1 Global Usage-based Insurance for Automotive Âé¶¹Ô´´ Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Passenger Car
1.3.3 Commerical Car
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Usage-based Insurance for Automotive Âé¶¹Ô´´ Perspective (2019-2030)
2.2 Usage-based Insurance for Automotive Growth Trends by Region
2.2.1 Global Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Region: 2019 VS 2023 VS 2030
2.2.2 Usage-based Insurance for Automotive Historic Âé¶¹Ô´´ Size by Region (2019-2024)
2.2.3 Usage-based Insurance for Automotive Forecasted Âé¶¹Ô´´ Size by Region (2025-2030)
2.3 Usage-based Insurance for Automotive Âé¶¹Ô´´ Dynamics
2.3.1 Usage-based Insurance for Automotive Industry Trends
2.3.2 Usage-based Insurance for Automotive Âé¶¹Ô´´ Drivers
2.3.3 Usage-based Insurance for Automotive Âé¶¹Ô´´ Challenges
2.3.4 Usage-based Insurance for Automotive Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Usage-based Insurance for Automotive Players by Revenue
3.1.1 Global Top Usage-based Insurance for Automotive Players by Revenue (2019-2024)
3.1.2 Global Usage-based Insurance for Automotive Revenue Âé¶¹Ô´´ Share by Players (2019-2024)
3.2 Global Usage-based Insurance for Automotive Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Usage-based Insurance for Automotive Revenue
3.4 Global Usage-based Insurance for Automotive Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global Usage-based Insurance for Automotive Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Usage-based Insurance for Automotive Revenue in 2023
3.5 Usage-based Insurance for Automotive Key Players Head office and Area Served
3.6 Key Players Usage-based Insurance for Automotive Product Solution and Service
3.7 Date of Enter into Usage-based Insurance for Automotive Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 Usage-based Insurance for Automotive Breakdown Data by Type
4.1 Global Usage-based Insurance for Automotive Historic Âé¶¹Ô´´ Size by Type (2019-2024)
4.2 Global Usage-based Insurance for Automotive Forecasted Âé¶¹Ô´´ Size by Type (2025-2030)
5 Usage-based Insurance for Automotive Breakdown Data by Application
5.1 Global Usage-based Insurance for Automotive Historic Âé¶¹Ô´´ Size by Application (2019-2024)
5.2 Global Usage-based Insurance for Automotive Forecasted Âé¶¹Ô´´ Size by Application (2025-2030)
6 North America
6.1 North America Usage-based Insurance for Automotive Âé¶¹Ô´´ Size (2019-2030)
6.2 North America Usage-based Insurance for Automotive Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Country (2019-2024)
6.4 North America Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Usage-based Insurance for Automotive Âé¶¹Ô´´ Size (2019-2030)
7.2 Europe Usage-based Insurance for Automotive Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Country (2019-2024)
7.4 Europe Usage-based Insurance for Automotive Âé¶¹Ô´´ 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 Usage-based Insurance for Automotive Âé¶¹Ô´´ Size (2019-2030)
8.2 Asia-Pacific Usage-based Insurance for Automotive Âé¶¹Ô´´ Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Region (2019-2024)
8.4 Asia-Pacific Usage-based Insurance for Automotive Âé¶¹Ô´´ 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 Usage-based Insurance for Automotive Âé¶¹Ô´´ Size (2019-2030)
9.2 Latin America Usage-based Insurance for Automotive Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Country (2019-2024)
9.4 Latin America Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Usage-based Insurance for Automotive Âé¶¹Ô´´ Size (2019-2030)
10.2 Middle East & Africa Usage-based Insurance for Automotive Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Country (2019-2024)
10.4 Middle East & Africa Usage-based Insurance for Automotive Âé¶¹Ô´´ Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Allstate Corporation
11.1.1 Allstate Corporation Company Detail
11.1.2 Allstate Corporation Business Overview
11.1.3 Allstate Corporation Usage-based Insurance for Automotive Introduction
11.1.4 Allstate Corporation Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.1.5 Allstate Corporation Recent Development
11.2 Allianz SE
11.2.1 Allianz SE Company Detail
11.2.2 Allianz SE Business Overview
11.2.3 Allianz SE Usage-based Insurance for Automotive Introduction
11.2.4 Allianz SE Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.2.5 Allianz SE Recent Development
11.3 American International Group
11.3.1 American International Group Company Detail
11.3.2 American International Group Business Overview
11.3.3 American International Group Usage-based Insurance for Automotive Introduction
11.3.4 American International Group Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.3.5 American International Group Recent Development
11.4 AXA SA
11.4.1 AXA SA Company Detail
11.4.2 AXA SA Business Overview
11.4.3 AXA SA Usage-based Insurance for Automotive Introduction
11.4.4 AXA SA Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.4.5 AXA SA Recent Development
11.5 Generali Group
11.5.1 Generali Group Company Detail
11.5.2 Generali Group Business Overview
11.5.3 Generali Group Usage-based Insurance for Automotive Introduction
11.5.4 Generali Group Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.5.5 Generali Group Recent Development
11.6 Insure The Box Limited
11.6.1 Insure The Box Limited Company Detail
11.6.2 Insure The Box Limited Business Overview
11.6.3 Insure The Box Limited Usage-based Insurance for Automotive Introduction
11.6.4 Insure The Box Limited Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.6.5 Insure The Box Limited Recent Development
11.7 Liberty Mutual Insurance Company
11.7.1 Liberty Mutual Insurance Company Company Detail
11.7.2 Liberty Mutual Insurance Company Business Overview
11.7.3 Liberty Mutual Insurance Company Usage-based Insurance for Automotive Introduction
11.7.4 Liberty Mutual Insurance Company Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.7.5 Liberty Mutual Insurance Company Recent Development
11.8 Mapfre SA
11.8.1 Mapfre SA Company Detail
11.8.2 Mapfre SA Business Overview
11.8.3 Mapfre SA Usage-based Insurance for Automotive Introduction
11.8.4 Mapfre SA Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.8.5 Mapfre SA Recent Development
11.9 Progressive Corporation
11.9.1 Progressive Corporation Company Detail
11.9.2 Progressive Corporation Business Overview
11.9.3 Progressive Corporation Usage-based Insurance for Automotive Introduction
11.9.4 Progressive Corporation Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.9.5 Progressive Corporation Recent Development
11.10 State Farm Automobile Mutual Insurance Company
11.10.1 State Farm Automobile Mutual Insurance Company Company Detail
11.10.2 State Farm Automobile Mutual Insurance Company Business Overview
11.10.3 State Farm Automobile Mutual Insurance Company Usage-based Insurance for Automotive Introduction
11.10.4 State Farm Automobile Mutual Insurance Company Revenue in Usage-based Insurance for Automotive Business (2019-2024)
11.10.5 State Farm Automobile Mutual Insurance Company Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Allstate Corporation
Allianz SE
American International Group
AXA SA
Generali Group
Insure The Box Limited
Liberty Mutual Insurance Company
Mapfre SA
Progressive Corporation
State Farm Automobile Mutual Insurance Company
Ìý
Ìý
*If Applicable.