Global Usage-Based Insurance Market Report 2024

Usage-Based Insurance Global Market Report 2024 – By Vehicle Type (Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV)), By Technology (On-Board Diagnostic (OBD)-II-Based UBI Programs, Smartphone-Based UBI Programs, Black-Box-Based UBI Programs, Other Technologies), By Package Type (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)) – Market Size, Trends, And Global Forecast 2024-2033

Usage-Based Insurance Global Market Report 2024

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Usage-Based Insurance Market Definition And Segments

The usage-based insurance is frequently powered by telematics technology, which is accessible in vehicles via a plug-in device or is pre-installed in the car's system, and that can also be accessed via mobile apps and delivers insurers with a variety of data, including how far the vehicle is driven, how it's driven, and where it's driven. The usage-based insurance provides auto insurance services by placing monitoring devices in the vehicle.

The main vehicle types of usage-based insurance are light-duty vehicles (LDV) and heavy-duty vehicles (HDV). Light-duty vehicles are passenger cars having a maximum gross vehicle weight of fewer than 8500 lbs. The different technologies include OBD-II-based UBI programs, smartphone-based UBI programs, black-box-based UBI programs, and others are used in various types of packages such as pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), manage-how-you-drive (MHYD).

The usage-based insurance market covered in this report is segmented –

1) By Vehicle Type: Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV)

2) By Technology: On-Board Diagnostic (OBD)-II-Based UBI Programs, Smartphone-Based UBI Programs, Black-Box-Based UBI Programs, Other Technologies

3) By Package Type: Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)

The usage-based insurance market size has grown exponentially in recent years. It will grow from $48.38 billion in 2023 to $63.29 billion in 2024 at a compound annual growth rate (CAGR) of 30.8%. The growth in the historic period can be attributed to growth in vehicle ownership, increasing occurrences of vehicle theft, robust demand for passenger car sales, and high adoption of connected cars.

The usage-based insurance market size is expected to see exponential growth in the next few years. It will grow to $175.27 billion in 2028 at a compound annual growth rate (CAGR) of 29.0%. The growth in the forecast period can be attributed to the growing automotive industry, growing demand for electric vehicles, increasing concerns about vehicle safety, and a rapid use of usage-based insurance by insurance companies to improve profitability. Major trends in the forecast period include focusing on connected technologies, focusing on smartphone technology-based telematics platforms, focusing on telematics technology, focusing on partnerships and collaborations, and focusing on self-installed telematics devices.

Expansion Of Automobile Industry Propels Growth In Usage-Based Insurance Market

The expansion of the automobile industry is expected to propel the growth of the usage-based insurance market in the coming years. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Car owners are interested in telematics-driven usage-based insurance since it provides low premiums for low-risk driving and high premiums for high-risk driving. As a result, by correcting their driving habits, individuals can drastically lower their insurance premiums. According to the Economist Intelligence Unit (The EIU), in 2021, the global automotive sector is expected to grow by double digits, with new car sales increasing by 15% and commercial vehicle sales increasing by 16%. Electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021. Therefore, the growth in the automobile industry drives the growth of the usage-based insurance market.

Growing Concerns Over Road Safety Boost Usage-Based Insurance Market

Increasing concerns regarding road traffic and vehicle safety will drive the usage-based insurance market. Usage-based insurance is based on telematics technology that calculates the premium and gives suggestions and real-time alerts to the driver to ensure safety. There has been an increased focus on passenger safety due to the increase in road accidents globally. For instance, in 2021, the National Highway Traffic Safety Administration (NHTSA), a US-based department of transportation reported 42,915 deaths in the US caused by motor vehicle traffic crashes, a 10.5% increase from the 38,824 fatalities in 2020. The growing concerns about vehicle safety will push demand for usage-based insurance, driving the market.

Major companies operating in the usage-based insurance market report are Progressive Corporation, Allstate Corporation, UNIPOLSAI ASSICURAZIONI S.P.A, Allianz SE, Liberty Mutual Insurance, AXA, Mapfre S.A., State Farm Mutual Automobile Insurance Company, American International Group, Inc., Nationwide Mutual Insurance Company, Tata AIG, UbiCar, Takaful Islami Insurance Ltd., Pragati Insurance Company Limited, PingJia Technology, Insure The Box, Aviva Group, Octo Group S.p.A, Teltonika Telematics, ARCUS S.A, T-matic Systems S.A, Cefin Romania Systems, Cambridge Mobile Telematics, Zubie, Inc., Modus Group, LLC, Metromile Inc., Amica Mutual Insurance Company, Sierra Wireless, Intact Financial Corporation, TrueMotion, CAA insurance, The Co-operators Group Limited, Desjardins Insurance, EnVue Telematics, Aon Risk Services Argentina S.A, TTMS Argentina S.A, Lockton Brasil Corretora de Seguros Ltda, Uai Brazil Insurance Broker, ALC Corretora de Seguros, Marsh Brasil - EZ Towers, Abu Dhabi National Takaful Company, Oman Insurance Company, Wehbe Insurance Services LLC, Al Sagr National Insurance Company, Noor Takaful Insurance, Adamjee Insurance Company Limited, Old Mutual PLC, Santam, MiWay Insurance, Hollard Group, Carrier Insurance Brokers, Glanvills Enthoven

Usage-Based Insurance Market Embraces Connected Technologies For Innovative Solutions

Companies in the usage-based insurance market are investing significantly in connected technologies. Connected technology is a type of technology that can connect devices and other systems via the Internet. The companies operating in the usage-based insurance market are focusing on connected technologies to provide better products and services to their customers. For instance, in April 2022, By Miles, a UK-based car insurance startup, launched the By Miles Connect platform that will allow connected car drivers to connect insurance policies to the company directly from the car. The information about the distance driven will be taken directly via the cloud platform installed in the vehicles to price insurance.

Partnerships And Collaborations Shape The Future Of Usage-Based Insurance

Partnerships and collaborations among market players are gaining popularity in the usage-based insurance market. The companies operating in usage-based insurance are focusing on partnerships and collaborations for market growth and to expand their consumer base. For instance, in February 2022, State Farm, a US-based insurance company, and Ford, a US-based automobile manufacturer, teamed up to launch Drive Safe & Save, a State Farm UBI program for customers to benefit from usage-based insurance. It will help in adjusting premiums based on the vehicle’s mileage and driving behavior. State Farm customers with a Ford or Lincoln vehicle can manage their overall vehicle ownership costs by reducing their premium based on their good driving behaviors or by improving their driving habits. Also, in February 2021, MSIG Thailand, an insurance company in Thailand, partnered with AIS Insurance Service, a Thailand-based digital technology company for the insurance industry, to launch a pay-as-you-drive insurance product, Prakan Kubdee (Good Driving Insurance) in Thailand. This product uses MSIG Car Informatics equipment, an IoT device developed by AIS that is attached to the vehicle’s onboard diagnostic port to calculate premiums from real-time driving behavior.

Allstate Corporation Expands Personal Lines Insurance By Acquiring National General Holdings Corp

In January 2021, The Allstate Corporation, a US-based insurance company, acquired National General Holdings Corp for a deal amount of $4 billion. The acquisition would enable The Allstate Corporation to grow their personal lines insurance with an increase in market share. The National General’s accident and health business will further expand Allstate’s circle of protection. National General Holdings Corp is a US-based personal line insurance company that provides personal and commercial automobile insurance, health insurance, and other niche insurance products.

North America was the largest region in the usage-based insurance (UBI) market in 2023. The regions covered in the usage-based insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the usage-based insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The usage-based insurance market includes revenues earned by entities by driving-based and milage-based insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The usage-based insurance market research report is one of a series of new reports from The Business Research Company that provides usage-based insurance market statistics, including usage-based insurance industry global market size, regional shares, competitors with a usage-based insurance market share, detailed usage-based insurance market segments, market trends and opportunities, and any further data you may need to thrive in the usage-based insurance industry. This usage-based insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Usage-Based Insurance Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $63.29 billion
Revenue Forecast In 2033 $175.27 billion
Growth Rate CAGR of 29% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Vehicle Type: Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV)
2) By Technology: On-Board Diagnostic (OBD)-II-Based UBI Programs, Smartphone-Based UBI Programs, Black-Box-Based UBI Programs, Other Technologies
3) By Package Type: Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Progressive Corporation; Allstate Corporation; UNIPOLSAI ASSICURAZIONI S.P.A; Allianz SE; Liberty Mutual Insurance; AXA; Mapfre S.A.; State Farm Mutual Automobile Insurance Company; American International Group, Inc; Nationwide Mutual Insurance Company; Tata AIG; UbiCar; Takaful Islami Insurance Ltd; Pragati Insurance Company Limited; PingJia Technology; Insure The Box; Aviva Group; Octo Group S.p.A; Teltonika Telematics; ARCUS S.A; T-matic Systems S.A; Cefin Romania Systems; Cambridge Mobile Telematics; Zubie, Inc; Modus Group, LLC; Metromile Inc; Amica Mutual Insurance Company; Sierra Wireless; Intact Financial Corporation; TrueMotion; CAA insurance; The Co-operators Group Limited; Desjardins Insurance; EnVue Telematics; Aon Risk Services Argentina S.A; TTMS Argentina S.A; Lockton Brasil Corretora de Seguros Ltda; Uai Brazil Insurance Broker; ALC Corretora de Seguros; Marsh Brasil - EZ Towers; Abu Dhabi National Takaful Company; Oman Insurance Company; Wehbe Insurance Services LLC; Al Sagr National Insurance Company; Noor Takaful Insurance; Adamjee Insurance Company Limited; Old Mutual plc; Santam; MiWay Insurance; Hollard Group; Carrier Insurance Brokers; Glanvills Enthoven
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    Table Of Contents

    1. Executive Summary

    2. Usage-Based Insurance Market Characteristics

    3. Usage-Based Insurance Market Trends And Strategies

    4. Usage-Based Insurance Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Usage-Based Insurance Market Size and Growth

    5.1. Global Usage-Based Insurance Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Usage-Based Insurance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Usage-Based Insurance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Usage-Based Insurance Market Segmentation

    6.1. Global Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Light-Duty Vehicle (LDV)

    Heavy-Duty Vehicle (HDV)

    6.2. Global Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    OBD-II-Based UBI Programs

    Smartphone-Based UBI Programs

    Hybrid-Based UBI Programs

    Black-Box-Based UBI Programs

    6.3. Global Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Pay-As-You-Drive (PAYD)

    Pay-How-You-Drive (PHYD)

    Manage-How-You-Drive (MHYD)

    7. Usage-Based Insurance Market Regional And Country Analysis

    7.1. Global Usage-Based Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Usage-Based Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Usage-Based Insurance Market

    8.1. Asia-Pacific Usage-Based Insurance Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Usage-Based Insurance Market

    9.1. China Usage-Based Insurance Market Overview

    9.2. China Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Usage-Based Insurance Market

    10.1. India Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Usage-Based Insurance Market

    11.1. Japan Usage-Based Insurance Market Overview

    11.2. Japan Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Usage-Based Insurance Market

    12.1. Australia Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Usage-Based Insurance Market

    13.1. Indonesia Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Usage-Based Insurance Market

    14.1. South Korea Usage-Based Insurance Market Overview

    14.2. South Korea Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Usage-Based Insurance Market

    15.1. Western Europe Usage-Based Insurance Market Overview

    15.2. Western Europe Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Usage-Based Insurance Market

    16.1. UK Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Usage-Based Insurance Market

    17.1. Germany Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Usage-Based Insurance Market

    18.1. France Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Usage-Based Insurance Market

    19.1. Italy Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Usage-Based Insurance Market

    20.1. Spain Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Usage-Based Insurance Market

    21.1. Eastern Europe Usage-Based Insurance Market Overview

    21.2. Eastern Europe Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Usage-Based Insurance Market

    22.1. Russia Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Usage-Based Insurance Market

    23.1. North America Usage-Based Insurance Market Overview

    23.2. North America Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Usage-Based Insurance Market

    24.1. USA Usage-Based Insurance Market Overview

    24.2. USA Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Usage-Based Insurance Market

    25.1. Canada Usage-Based Insurance Market Overview

    25.2. Canada Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Usage-Based Insurance Market

    26.1. South America Usage-Based Insurance Market Overview

    26.2. South America Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Usage-Based Insurance Market

    27.1. Brazil Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Usage-Based Insurance Market

    28.1. Middle East Usage-Based Insurance Market Overview

    28.2. Middle East Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Usage-Based Insurance Market

    29.1. Africa Usage-Based Insurance Market Overview

    29.2. Africa Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Usage-Based Insurance Market Competitive Landscape And Company Profiles

    30.1. Usage-Based Insurance Market Competitive Landscape

    30.2. Usage-Based Insurance Market Company Profiles

    30.2.1. Progressive Corporation

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Allstate Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. UNIPOLSAI ASSICURAZIONI S.P.A

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Allianz SE

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Liberty Mutual Insurance

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Usage-Based Insurance Market Other Major And Innovative Companies

    31.1. AXA

    31.2. Mapfre S.A.

    31.3. State Farm Mutual Automobile Insurance Company

    31.4. American International Group, Inc

    31.5. Nationwide Mutual Insurance Company

    31.6. Tata AIG

    31.7. UbiCar

    31.8. Takaful Islami Insurance Ltd

    31.9. Pragati Insurance Company Limited

    31.10. PingJia Technology

    31.11. Insure The Box

    31.12. Aviva Group

    31.13. Octo Group S.p.A

    31.14. Teltonika Telematics

    31.15. ARCUS S.A

    32. Global Usage-Based Insurance Market Competitive Benchmarking

    33. Global Usage-Based Insurance Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Usage-Based Insurance Market

    35. Usage-Based Insurance Market Future Outlook and Potential Analysis

    35.1 Usage-Based Insurance Market In 2028 - Countries Offering Most New Opportunities

    35.2 Usage-Based Insurance Market In 2028 - Segments Offering Most New Opportunities

    35.3 Usage-Based Insurance Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Usage-Based Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Usage-Based Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Progressive Corporation Financial Performance
  • Table 75: Allstate Corporation Financial Performance
  • Table 76: UNIPOLSAI ASSICURAZIONI S.P.A Financial Performance
  • Table 77: Allianz SE Financial Performance
  • Table 78: Liberty Mutual Insurance Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Usage-Based Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Usage-Based Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Usage-Based Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Usage-Based Insurance Market, Segmentation By Package Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Progressive Corporation Financial Performance
  • Figure 75: Allstate Corporation Financial Performance
  • Figure 76: UNIPOLSAI ASSICURAZIONI S.P.A Financial Performance
  • Figure 77: Allianz SE Financial Performance
  • Figure 78: Liberty Mutual Insurance Financial Performance
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Frequently Asked Questions

What is the definition of the usage-based insurance market?

The usage-based insurance is frequently powered by telematics technology, which is accessible in vehicles via a plug-in device or is pre-installed in the car's system, and that can also be accessed via mobile apps and delivers insurers with a variety of data, including how far the vehicle is driven, how it's driven, and where it's driven. The usage-based insurance provides auto insurance services by placing monitoring devices in the vehicle. For further insights on the usage-based insurance market, request a sample here

How will the usage-based insurance market drivers and restraints affect the usage-based insurance market dynamics? What forces will shape the usage-based insurance industry going forward?

The usage-based insurance market major growth driver - Expansion Of Automobile Industry Propels Growth In Usage-Based Insurance Market. For further insights on the usage-based insurance market, request a sample here

What is the forecast market size or the forecast market value of the usage-based insurance market?

The usage-based insurance market size has grown exponentially in recent years. It will grow from $48.38 billion in 2023 to $63.29 billion in 2024 at a compound annual growth rate (CAGR) of 30.8%. The growth in the historic period can be attributed to growth in vehicle ownership, increasing occurrences of vehicle theft, robust demand for passenger car sales, and high adoption of connected cars.. The usage-based insurance market size is expected to see exponential growth in the next few years. It will grow to $175.27 billion in 2028 at a compound annual growth rate (CAGR) of 29.0%. The growth in the forecast period can be attributed to growing automotive industry, growing demand for electric vehicles, increasing concerns about vehicle safety, and a rapid use of usage-based insurance by insurance companies to improve profitability.. Major trends in the forecast period include focusing on connected technologies, focusing on smartphone technology-based telematics platform, focusing on telematics technology, focusing on partnerships and collaborations and focusing on self-installed telematics devices. For further insights on the usage-based insurance market, request a sample here

How is the usage-based insurance market segmented?

The usage-based insurance market is segmented
1) By Vehicle Type: Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV)
2) By Technology: On-Board Diagnostic (OBD)-II-Based UBI Programs, Smartphone-Based UBI Programs, Black-Box-Based UBI Programs, Other Technologies
3) By Package Type: Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)For further insights on the usage-based insurance market,
request a sample here

Which region has the largest share of the usage-based insurance market? What are the other regions covered in the report?

North America was the largest region in the usage-based insurance (UBI) market in 2023. The regions covered in the usage-based insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the usage-based insurance market, request a sample here.

Who are the major players in the usage-based insurance market?

Major companies operating in the usage-based insurance market report are Progressive Corporation, Allstate Corporation, UNIPOLSAI ASSICURAZIONI S.P.A, Allianz SE, Liberty Mutual Insurance, AXA, Mapfre S.A., State Farm Mutual Automobile Insurance Company, American International Group, Inc, Nationwide Mutual Insurance Company, Tata AIG, UbiCar, Takaful Islami Insurance Ltd, Pragati Insurance Company Limited, PingJia Technology, Insure The Box, Aviva Group, Octo Group S.p.A, Teltonika Telematics, ARCUS S.A, T-matic Systems S.A, Cefin Romania Systems, Cambridge Mobile Telematics, Zubie, Inc, Modus Group, LLC, Metromile Inc, Amica Mutual Insurance Company, Sierra Wireless, Intact Financial Corporation, TrueMotion, CAA insurance, The Co-operators Group Limited, Desjardins Insurance, EnVue Telematics, Aon Risk Services Argentina S.A, TTMS Argentina S.A, Lockton Brasil Corretora de Seguros Ltda, Uai Brazil Insurance Broker, ALC Corretora de Seguros, Marsh Brasil - EZ Towers, Abu Dhabi National Takaful Company, Oman Insurance Company, Wehbe Insurance Services LLC, Al Sagr National Insurance Company, Noor Takaful Insurance, Adamjee Insurance Company Limited, Old Mutual plc, Santam, MiWay Insurance, Hollard Group, Carrier Insurance Brokers, Glanvills Enthoven For further insights on the usage-based insurance market, request a sample here.

What are the key trends in the usage-based insurance market?

Major trend in the usage-based insurance market - Usage-Based Insurance Market Embraces Connected Technologies For Innovative Solutions. For further insights on the usage-based insurance market, request a sample here.

What are the major opportunities in the usage-based insurance market? What are the strategies for the usage-based insurance market?

For detailed insights on the major opportunities and strategies in the usage-based insurance market, request a sample here.

How does the usage-based insurance market relate to the overall economy and other similar markets?

For detailed insights on usage-based insurance market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the usage-based insurance industry?

For detailed insights on the mergers and acquisitions in the usage-based insurance industry, request a sample here.

What are the key dynamics influencing the usage-based insurance market growth? SWOT analysis of the usage-based insurance market.

For detailed insights on the key dynamics influencing the usage-based insurance market growth and SWOT analysis of the usage-based insurance industry, request a sample here.