Usage-Based Insurance Global Market Report 2024

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

Name: Usage-Based Insurance Global Market Report 2024
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Usage-Based Insurance Global Market Report 2024

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Usage-Based Insurance Market Definition

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).

Usage-Based Insurance Market Segmentation

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)

Global Usage-Based Insurance Market Size 2023 to 2028: Graph

Usage-Based Insurance Market Size 2024 And Growth Rate

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..

Usage-Based Insurance Market Growth Forecast

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.

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Usage-Based Insurance Market Driver: 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.

Usage-Based Insurance Market Driver: 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.

Global Usage-Based Insurance Market Major Players

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

Global Usage-Based Insurance Market Trend: 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 their 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.

Global Usage-Based Insurance Market Trend: 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.

Usage-Based Insurance Market Merger And Acquisition: 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.

Regional Analysis For The Global Usage-Based Insurance Market

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 Report Forecast And Analysis

Report Attribute	Details
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	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, 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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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?

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?

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.