Automotive Insurance is a contract between vehicle owner and the insurance company that protects vehicle owner against financial loss in the event of an accident or theft. In exchange for owner’s paying a premium, the insurance company agrees to pay losses as outlined in your policy.
This report contains market size and forecasts of Automotive Insurance in Global, including the following market information:
Global Automotive Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Automotive Insurance market was valued at 205770 million in 2021 and is projected to reach US$ 244400 million by 2028, at a CAGR of 2.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Third-Party Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Insurance include Allstate Insurance Company, RAC Motoring Services, Progressive Casualty Insurance Company, Clements Worldwide, GEICO, NFU Mutual, Zhongan Insurance, ABIC Inc and CPIC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Automotive Insurance Market Segment Percentages, by Type, 2021 (%)
Third-Party
Comprehensive
Theft
Fire
Others
Global Automotive Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Automotive Insurance Market Segment Percentages, by Application, 2021 (%)
Personal User
Company
Fleet
Other
Global Automotive Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Automotive Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Automotive Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allstate Insurance Company
RAC Motoring Services
Progressive Casualty Insurance Company
Clements Worldwide
GEICO
NFU Mutual
Zhongan Insurance
ABIC Inc
CPIC
State Farm Mutual Automobile Insurance Company
RSA Insurance Group plc
Zurich Insurance Group
Allianz SE
PICC
Assicurazioni Generali