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Automotive Usage-based Insurance-Global Market Insights and Sales Trends 2025
Synopsis
Usage-based Insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
The global Automotive Usage-based Insurance market size is expected to reach US$ 230.3 million by 2029, growing at a CAGR of 6.1% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Usage-based Insurance in various end use industries. The expanding demands from the Light-Duty Vehicle(LDV) and Heavy-Duty Vehicle(HDV), are propelling Automotive Usage-based Insurance market. Pay-As-You-Drive(PAYD), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pay-How-You-Drive(PHYD) segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Usage-based Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Usage-based Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Usage-based Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Usage-based Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Usage-based Insurance covered in this report include Progressive, Allstate, Octo Telematics, MetroMile, Allianz, AXA, Liberty Mutual, Verizon and Movitrack Viasat, etc.
The global Automotive Usage-based Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Progressive
Allstate
Octo Telematics
MetroMile
Allianz
AXA
Liberty Mutual
Verizon
Movitrack Viasat
Nationwide
Esurance
Safeco
Travellers
Liberty Mutual Insurance
AIOI
QBE
Modus Group
Intelligent Mechatronic Systems
Inseego
Truemotion
Cambridge Mobile Telematics
Global Automotive Usage-based Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Usage-based Insurance market, Segment by Type:
Pay-As-You-Drive(PAYD)
Pay-How-You-Drive(PHYD)
Manage-How-You-Drive(MHYD)
Global Automotive Usage-based Insurance market, by Application
Light-Duty Vehicle(LDV)
Heavy-Duty Vehicle(HDV)
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Automotive Usage-based Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Usage-based Insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
The global Automotive Usage-based Insurance market size is expected to reach US$ 230.3 million by 2029, growing at a CAGR of 6.1% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Usage-based Insurance in various end use industries. The expanding demands from the Light-Duty Vehicle(LDV) and Heavy-Duty Vehicle(HDV), are propelling Automotive Usage-based Insurance market. Pay-As-You-Drive(PAYD), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pay-How-You-Drive(PHYD) segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Usage-based Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Usage-based Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Usage-based Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Usage-based Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Usage-based Insurance covered in this report include Progressive, Allstate, Octo Telematics, MetroMile, Allianz, AXA, Liberty Mutual, Verizon and Movitrack Viasat, etc.
The global Automotive Usage-based Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Progressive
Allstate
Octo Telematics
MetroMile
Allianz
AXA
Liberty Mutual
Verizon
Movitrack Viasat
Nationwide
Esurance
Safeco
Travellers
Liberty Mutual Insurance
AIOI
QBE
Modus Group
Intelligent Mechatronic Systems
Inseego
Truemotion
Cambridge Mobile Telematics
Global Automotive Usage-based Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Usage-based Insurance market, Segment by Type:
Pay-As-You-Drive(PAYD)
Pay-How-You-Drive(PHYD)
Manage-How-You-Drive(MHYD)
Global Automotive Usage-based Insurance market, by Application
Light-Duty Vehicle(LDV)
Heavy-Duty Vehicle(HDV)
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Automotive Usage-based Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Automotive Usage-based Insurance
1.1 Automotive Usage-based Insurance Market Overview
1.1.1 Automotive Usage-based Insurance Product Scope
1.1.2 Automotive Usage-based Insurance Market Status and Outlook
1.2 Global Automotive Usage-based Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Automotive Usage-based Insurance Market Size by Region (2018-2029)
1.4 Global Automotive Usage-based Insurance Historic Market Size by Region (2018-2023)
1.5 Global Automotive Usage-based Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Automotive Usage-based Insurance Market Size (2018-2029)
1.6.1 North America Automotive Usage-based Insurance Market Size (2018-2029)
1.6.2 Europe Automotive Usage-based Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Automotive Usage-based Insurance Market Size (2018-2029)
1.6.4 Latin America Automotive Usage-based Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Automotive Usage-based Insurance Market Size (2018-2029)
2 Automotive Usage-based Insurance Market by Type
2.1 Introduction
2.1.1 Pay-As-You-Drive(PAYD)
2.1.2 Pay-How-You-Drive(PHYD)
2.1.3 Manage-How-You-Drive(MHYD)
2.2 Global Automotive Usage-based Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Automotive Usage-based Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Automotive Usage-based Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Automotive Usage-based Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Automotive Usage-based Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Automotive Usage-based Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Automotive Usage-based Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Automotive Usage-based Insurance Revenue Breakdown by Type (2018-2029)
3 Automotive Usage-based Insurance Market Overview by Application
3.1 Introduction
3.1.1 Light-Duty Vehicle(LDV)
3.1.2 Heavy-Duty Vehicle(HDV)
3.2 Global Automotive Usage-based Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Automotive Usage-based Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Automotive Usage-based Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Automotive Usage-based Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Automotive Usage-based Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Automotive Usage-based Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Automotive Usage-based Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Automotive Usage-based Insurance Revenue Breakdown by Application (2018-2029)
4 Automotive Usage-based Insurance Competition Analysis by Players
4.1 Global Automotive Usage-based Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Usage-based Insurance as of 2022)
4.3 Date of Key Players Enter into Automotive Usage-based Insurance Market
4.4 Global Top Players Automotive Usage-based Insurance Headquarters and Area Served
4.5 Key Players Automotive Usage-based Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Automotive Usage-based Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Progressive
5.1.1 Progressive Profile
5.1.2 Progressive Main Business
5.1.3 Progressive Automotive Usage-based Insurance Products, Services and Solutions
5.1.4 Progressive Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Progressive Recent Developments
5.2 Allstate
5.2.1 Allstate Profile
5.2.2 Allstate Main Business
5.2.3 Allstate Automotive Usage-based Insurance Products, Services and Solutions
5.2.4 Allstate Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Allstate Recent Developments
5.3 Octo Telematics
5.3.1 Octo Telematics Profile
5.3.2 Octo Telematics Main Business
5.3.3 Octo Telematics Automotive Usage-based Insurance Products, Services and Solutions
5.3.4 Octo Telematics Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 MetroMile Recent Developments
5.4 MetroMile
5.4.1 MetroMile Profile
5.4.2 MetroMile Main Business
5.4.3 MetroMile Automotive Usage-based Insurance Products, Services and Solutions
5.4.4 MetroMile Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 MetroMile Recent Developments
5.5 Allianz
5.5.1 Allianz Profile
5.5.2 Allianz Main Business
5.5.3 Allianz Automotive Usage-based Insurance Products, Services and Solutions
5.5.4 Allianz Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 Allianz Recent Developments
5.6 AXA
5.6.1 AXA Profile
5.6.2 AXA Main Business
5.6.3 AXA Automotive Usage-based Insurance Products, Services and Solutions
5.6.4 AXA Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 AXA Recent Developments
5.7 Liberty Mutual
5.7.1 Liberty Mutual Profile
5.7.2 Liberty Mutual Main Business
5.7.3 Liberty Mutual Automotive Usage-based Insurance Products, Services and Solutions
5.7.4 Liberty Mutual Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Liberty Mutual Recent Developments
5.8 Verizon
5.8.1 Verizon Profile
5.8.2 Verizon Main Business
5.8.3 Verizon Automotive Usage-based Insurance Products, Services and Solutions
5.8.4 Verizon Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Verizon Recent Developments
5.9 Movitrack Viasat
5.9.1 Movitrack Viasat Profile
5.9.2 Movitrack Viasat Main Business
5.9.3 Movitrack Viasat Automotive Usage-based Insurance Products, Services and Solutions
5.9.4 Movitrack Viasat Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Movitrack Viasat Recent Developments
5.10 Nationwide
5.10.1 Nationwide Profile
5.10.2 Nationwide Main Business
5.10.3 Nationwide Automotive Usage-based Insurance Products, Services and Solutions
5.10.4 Nationwide Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Nationwide Recent Developments
5.11 Esurance
5.11.1 Esurance Profile
5.11.2 Esurance Main Business
5.11.3 Esurance Automotive Usage-based Insurance Products, Services and Solutions
5.11.4 Esurance Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Esurance Recent Developments
5.12 Safeco
5.12.1 Safeco Profile
5.12.2 Safeco Main Business
5.12.3 Safeco Automotive Usage-based Insurance Products, Services and Solutions
5.12.4 Safeco Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Safeco Recent Developments
5.13 Travellers
5.13.1 Travellers Profile
5.13.2 Travellers Main Business
5.13.3 Travellers Automotive Usage-based Insurance Products, Services and Solutions
5.13.4 Travellers Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Travellers Recent Developments
5.14 Liberty Mutual Insurance
5.14.1 Liberty Mutual Insurance Profile
5.14.2 Liberty Mutual Insurance Main Business
5.14.3 Liberty Mutual Insurance Automotive Usage-based Insurance Products, Services and Solutions
5.14.4 Liberty Mutual Insurance Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Liberty Mutual Insurance Recent Developments
5.15 AIOI
5.15.1 AIOI Profile
5.15.2 AIOI Main Business
5.15.3 AIOI Automotive Usage-based Insurance Products, Services and Solutions
5.15.4 AIOI Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 AIOI Recent Developments
5.16 QBE
5.16.1 QBE Profile
5.16.2 QBE Main Business
5.16.3 QBE Automotive Usage-based Insurance Products, Services and Solutions
5.16.4 QBE Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 QBE Recent Developments
5.17 Modus Group
5.17.1 Modus Group Profile
5.17.2 Modus Group Main Business
5.17.3 Modus Group Automotive Usage-based Insurance Products, Services and Solutions
5.17.4 Modus Group Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 Modus Group Recent Developments
5.18 Intelligent Mechatronic Systems
5.18.1 Intelligent Mechatronic Systems Profile
5.18.2 Intelligent Mechatronic Systems Main Business
5.18.3 Intelligent Mechatronic Systems Automotive Usage-based Insurance Products, Services and Solutions
5.18.4 Intelligent Mechatronic Systems Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.18.5 Intelligent Mechatronic Systems Recent Developments
5.19 Inseego
5.19.1 Inseego Profile
5.19.2 Inseego Main Business
5.19.3 Inseego Automotive Usage-based Insurance Products, Services and Solutions
5.19.4 Inseego Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.19.5 Inseego Recent Developments
5.20 Truemotion
5.20.1 Truemotion Profile
5.20.2 Truemotion Main Business
5.20.3 Truemotion Automotive Usage-based Insurance Products, Services and Solutions
5.20.4 Truemotion Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.20.5 Truemotion Recent Developments
5.21 Cambridge Mobile Telematics
5.21.1 Cambridge Mobile Telematics Profile
5.21.2 Cambridge Mobile Telematics Main Business
5.21.3 Cambridge Mobile Telematics Automotive Usage-based Insurance Products, Services and Solutions
5.21.4 Cambridge Mobile Telematics Automotive Usage-based Insurance Revenue (US$ Million) & (2018-2023)
5.21.5 Cambridge Mobile Telematics Recent Developments
6 North America
6.1 North America Automotive Usage-based Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Automotive Usage-based Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Automotive Usage-based Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Automotive Usage-based Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Automotive Usage-based Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Automotive Usage-based Insurance Market Dynamics
11.1 Automotive Usage-based Insurance Industry Trends
11.2 Automotive Usage-based Insurance Market Drivers
11.3 Automotive Usage-based Insurance Market Challenges
11.4 Automotive Usage-based Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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