Global Automotive Usage Based Insurance Industry

2023-2029 Global Automotive Usage Based Insurance Industry Research & Trends Analysis Report

Global Automotive Usage Based Insurance Industry

2023-2029 Global Automotive Usage Based Insurance Industry Research & Trends Analysis Report


Get latest Market Research Reports on Automotive Usage Based Insurance. Industry analysis and Market Report on Automotive Usage Based Insurance is a syndicated market report, published as Global Automotive Usage Based Insurance Market Research Report . It is complete Research Study and Industry Analysis of Automotive Usage Based Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market

Exclusive deal : 20% Instant discount on Direct purchases! Don't wait—claim your discount today!

According to Latest Study , the global market for Automotive Usage Based Insurance should grow from US$ 19600 million in 2023 to US$ 108880 million by 2030, with a CAGR of 25.2% for the period of 2024-2030.

China Automotive Usage Based Insurance market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

The United States Automotive Usage Based Insurance market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

In terms of type, PAYD (Pay As You Drive) segment holds a share about % in 2023 and will reach % in 2030; while in terms of application, Commercial Vehicle has a share approximately % in 2023 and will grow at a CAGR % during 2023 and 2030.

The global key manufacturers of Automotive Usage Based Insurance include Allstate Insurance Company, Esurance, Credit Karma,LLC, DriveSense, Liberty Mutual, Metromile, Progressive, State Farm and The Travelers Indemnity Company, etc. In 2023, the global top five players hold a share approximately % in terms of revenue.

Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto 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 company uses a telematics device — such as a plug-in device or mobile application — to track factors like your mileage and speed. If you’re a safe driver, usage-based insurance could lower your auto insurance policy rates.

This report aims to provide a comprehensive study of the global market for Automotive Usage Based Insurance. Report Highlights:

(1) Global Automotive Usage Based Insurance market size (value), history data from 2019-2024 and forecast data from 2024 to 2030.

(2) Global Automotive Usage Based Insurance market competitive situation, revenue and market share, from 2019 to 2024.

(3) China Automotive Usage Based Insurance market competitive situation, revenue and market share, from 2019 to 2024.

(4) Global Automotive Usage Based Insurance segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Automotive Usage Based Insurance segment by type and by application and regional segment by type and by application.

(6) Automotive Usage Based Insurance industry supply chain, upstream, midstream and downstream analysis.

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa

Market segment by type, covers

PAYD (Pay As You Drive)

PHYD (Pay How You Drive)

Market segment by application, can be divided into

Commercial Vehicle

Passenger Car

Market segment by players, this report covers

Allstate Insurance Company

Esurance

Credit Karma,LLC

DriveSense

Liberty Mutual

Metromile

Progressive

State Farm

The Travelers Indemnity Company

AXA

Assicurazioni Generali

Desjardins Group

1 Market Overview

1.1 Product Overview and Scope of Automotive Usage Based Insurance

1.2 Global Automotive Usage Based Insurance Market Size and Forecast

1.3 China Automotive Usage Based Insurance Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China Automotive Usage Based Insurance Share in Global Market, 2019-2030

1.4.2 Automotive Usage Based Insurance Market Size: China VS Global, 2019-2030

1.5 Automotive Usage Based Insurance Market Dynamics

1.5.1 Automotive Usage Based Insurance Market Drivers

1.5.2 Automotive Usage Based Insurance Market Restraints

1.5.3 Automotive Usage Based Insurance Industry Trends

1.5.4 Automotive Usage Based Insurance Industry Policy

2 Global Competitive Situation by Company

2.1 Global Automotive Usage Based Insurance Revenue by Company (2019-2024)

2.2 Global Automotive Usage Based Insurance Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global Automotive Usage Based Insurance Concentration Ratio

2.4 Global Automotive Usage Based Insurance Mergers & Acquisitions, Expansion Plans

2.5 Global Automotive Usage Based Insurance Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China Automotive Usage Based Insurance Revenue by Company (2019-2024)

3.2 China Automotive Usage Based Insurance Automotive Usage Based Insurance Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China Automotive Usage Based Insurance, Revenue Percentage of Local Players VS Foreign Manufacturers (2019-2024)

4 Industry Chain Analysis

4.1 Automotive Usage Based Insurance Industry Chain

4.2 Automotive Usage Based Insurance Upstream Analysis

4.3 Automotive Usage Based Insurance Midstream Analysis

4.4 Automotive Usage Based Insurance Downstream Analysis

5 Sights by Type

5.1 Automotive Usage Based Insurance Classification

5.1.1 PAYD (Pay As You Drive)

5.1.2 PHYD (Pay How You Drive)

5.2 By Type, Global Automotive Usage Based Insurance Market Size & CAGR, 2019 VS 2023 VS 2030

5.3 By Type, Global Automotive Usage Based Insurance Revenue, 2019-2030

6 Sights by Application

6.1 Automotive Usage Based Insurance Segment by Application

6.1.1 Commercial Vehicle

6.1.2 Passenger Car

6.2 By Application, Global Automotive Usage Based Insurance Market Size & CAGR, 2019 VS 2023 VS 2030

6.3 By Application, Global Automotive Usage Based Insurance Revenue, 2019-2030

7 Sales Sights by Region

7.1 By Region, Global Automotive Usage Based Insurance Market Size, 2019 VS 2023 VS 2030

7.2 By Region, Global Automotive Usage Based Insurance Market Size, 2019-2030

7.3 North America

7.3.1 North America Automotive Usage Based Insurance Market Size & Forecasts, 2019-2030

7.3.2 By Country, North America Automotive Usage Based Insurance Market Size Market Share

7.4 Europe

7.4.1 Europe Automotive Usage Based Insurance Market Size & Forecasts, 2019-2030

7.4.2 By Country, Europe Automotive Usage Based Insurance Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific Automotive Usage Based Insurance Market Size & Forecasts, 2019-2030

7.5.2 By Country/Region, Asia Pacific Automotive Usage Based Insurance Market Size Market Share

7.6 South America

7.6.1 South America Automotive Usage Based Insurance Market Size & Forecasts, 2019-2030

7.6.2 By Country, South America Automotive Usage Based Insurance Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global Automotive Usage Based Insurance Market Size & CAGR，2019 VS 2023 VS 2030

8.2 By Country, Global Automotive Usage Based Insurance Market Size, 2019-2030

8.3 U.S.

8.3.1 U.S. Automotive Usage Based Insurance Market Size, 2019-2030

8.3.2 By Company, U.S. Automotive Usage Based Insurance Revenue Market Share, 2019-2024

8.3.3 By Type, U.S. Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.3.4 By Application, U.S. Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.4 Europe

8.4.1 Europe Automotive Usage Based Insurance Market Size, 2019-2030

8.4.2 By Company, Europe Automotive Usage Based Insurance Revenue Market Share, 2019-2024

8.4.3 By Type, Europe Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.4.4 By Application, Europe Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.5 China

8.5.1 China Automotive Usage Based Insurance Market Size, 2019-2030

8.5.2 By Company, China Automotive Usage Based Insurance Revenue Market Share, 2019-2024

8.5.3 By Type, China Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.5.4 By Application, China Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.6 Japan

8.6.1 Japan Automotive Usage Based Insurance Market Size, 2019-2030

8.6.2 By Company, Japan Automotive Usage Based Insurance Revenue Market Share, 2019-2024

8.6.3 By Type, Japan Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.6.4 By Application, Japan Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.7 South Korea

8.7.1 South Korea Automotive Usage Based Insurance Market Size, 2019-2030

8.7.2 By Company, South Korea Automotive Usage Based Insurance Revenue Market Share, 2019-2024

8.7.3 By Type, South Korea Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.7.4 By Application, South Korea Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.8 Southeast Asia

8.8.1 Southeast Asia Automotive Usage Based Insurance Market Size, 2019-2030

8.8.2 By Company, Southeast Asia Automotive Usage Based Insurance Revenue Market Share, 2019-2024

8.8.3 By Type, Southeast Asia Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.8.4 By Application, Southeast Asia Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.9 India

8.9.1 India Automotive Usage Based Insurance Market Size, 2019-2030

8.9.2 By Company, India Automotive Usage Based Insurance Revenue Market Share, 2019-2024

8.9.3 By Type, India Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.9.4 By Application, India Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.10 Middle East & Asia

8.10.1 Middle East & Asia Automotive Usage Based Insurance Market Size, 2019-2030

8.10.2 By Company, Middle East & Asia Automotive Usage Based Insurance Revenue Market Share, 2019-2024

8.10.3 By Type, Middle East & Asia Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

8.10.4 By Application, Middle East & Asia Automotive Usage Based Insurance Revenue Market Share, 2023 VS 2030

9 Global Manufacturers Profile

9.1 Allstate Insurance Company

9.1.1 Allstate Insurance Company Company Information, Head Office, Market Area and Industry Position

9.1.2 Allstate Insurance Company Company Profile and Main Business

9.1.3 Allstate Insurance Company Automotive Usage Based Insurance Models, Specifications and Application

9.1.4 Allstate Insurance Company Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.1.5 Allstate Insurance Company Recent Developments

9.2 Esurance

9.2.1 Esurance Company Information, Head Office, Market Area and Industry Position

9.2.2 Esurance Company Profile and Main Business

9.2.3 Esurance Automotive Usage Based Insurance Models, Specifications and Application

9.2.4 Esurance Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.2.5 Esurance Recent Developments

9.3 Credit Karma,LLC

9.3.1 Credit Karma,LLC Company Information, Head Office, Market Area and Industry Position

9.3.2 Credit Karma,LLC Company Profile and Main Business

9.3.3 Credit Karma,LLC Automotive Usage Based Insurance Models, Specifications and Application

9.3.4 Credit Karma,LLC Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.3.5 Credit Karma,LLC Recent Developments

9.4 DriveSense

9.4.1 DriveSense Company Information, Head Office, Market Area and Industry Position

9.4.2 DriveSense Company Profile and Main Business

9.4.3 DriveSense Automotive Usage Based Insurance Models, Specifications and Application

9.4.4 DriveSense Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.4.5 DriveSense Recent Developments

9.5 Liberty Mutual

9.5.1 Liberty Mutual Company Information, Head Office, Market Area and Industry Position

9.5.2 Liberty Mutual Company Profile and Main Business

9.5.3 Liberty Mutual Automotive Usage Based Insurance Models, Specifications and Application

9.5.4 Liberty Mutual Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.5.5 Liberty Mutual Recent Developments

9.6 Metromile

9.6.1 Metromile Company Information, Head Office, Market Area and Industry Position

9.6.2 Metromile Company Profile and Main Business

9.6.3 Metromile Automotive Usage Based Insurance Models, Specifications and Application

9.6.4 Metromile Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.6.5 Metromile Recent Developments

9.7 Progressive

9.7.1 Progressive Company Information, Head Office, Market Area and Industry Position

9.7.2 Progressive Company Profile and Main Business

9.7.3 Progressive Automotive Usage Based Insurance Models, Specifications and Application

9.7.4 Progressive Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.7.5 Progressive Recent Developments

9.8 State Farm

9.8.1 State Farm Company Information, Head Office, Market Area and Industry Position

9.8.2 State Farm Company Profile and Main Business

9.8.3 State Farm Automotive Usage Based Insurance Models, Specifications and Application

9.8.4 State Farm Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.8.5 State Farm Recent Developments

9.9 The Travelers Indemnity Company

9.9.1 The Travelers Indemnity Company Company Information, Head Office, Market Area and Industry Position

9.9.2 The Travelers Indemnity Company Company Profile and Main Business

9.9.3 The Travelers Indemnity Company Automotive Usage Based Insurance Models, Specifications and Application

9.9.4 The Travelers Indemnity Company Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.9.5 The Travelers Indemnity Company Recent Developments

9.10 AXA

9.10.1 AXA Company Information, Head Office, Market Area and Industry Position

9.10.2 AXA Company Profile and Main Business

9.10.3 AXA Automotive Usage Based Insurance Models, Specifications and Application

9.10.4 AXA Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.10.5 AXA Recent Developments

9.11 Assicurazioni Generali

9.11.1 Assicurazioni Generali Company Information, Head Office, Market Area and Industry Position

9.11.2 Assicurazioni Generali Company Profile and Main Business

9.11.3 Assicurazioni Generali Automotive Usage Based Insurance Models, Specifications and Application

9.11.4 Assicurazioni Generali Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.11.5 Assicurazioni Generali Recent Developments

9.12 Desjardins Group

9.12.1 Desjardins Group Company Information, Head Office, Market Area and Industry Position

9.12.2 Desjardins Group Company Profile and Main Business

9.12.3 Desjardins Group Automotive Usage Based Insurance Models, Specifications and Application

9.12.4 Desjardins Group Automotive Usage Based Insurance Revenue and Gross Margin, 2019-2024

9.12.5 Desjardins Group Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Automotive Usage Based Insurance Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
How are players chosen for the research coverage of the Automotive Usage Based Insurance Market study?
MI used a variety of industry standards such as NAICS, ICB, TRIC, and others to identify functional players in the industry, which they then shortlist and validate in an iterative process to finalize the most relevant players.
What years are taken into account in the Automotive Usage Based Insurance Market study?
The Automotive Usage Based Insurance Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
What challenges does the Automotive Usage Based Insurance Market face in the future?
The convergence of various vital triggers, including a major slowdown in Western economies, and some critical points in globalization, leads to the transformation of business in the Automotive Usage Based Insurance Market across the extensive corporate landscape.
What does the future hold for the Automotive Usage Based Insurance Industry?
This latest research publication on the Automotive Usage Based Insurance Market is an in-depth market tracker that provides a comprehensive assessment of the challenges that manufacturers face in achieving new growth cycles in the current scenario.