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Synopsis
Usage-based insurance (UBI) also known as pay as you drive (PAYD) and 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 global Usage-Based Insurance market was valued at US$ 39990 million in 2023 and is anticipated to reach US$ 117650 million by 2030, witnessing a CAGR of 16.4% during the forecast period 2024-2030.
North American market for Usage-Based Insurance is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Usage-Based Insurance is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Usage-Based Insurance in Men is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Usage-Based Insurance include MetroMile, Progressive, Allstate, Nationwide, Esurance, Safeco, Travellers, Liberty Mutual Insurance and AIOI, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Usage-Based Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Usage-Based Insurance.
Report Scope
The Usage-Based Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Usage-Based Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Usage-Based Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- MetroMile
- Progressive
- Allstate
- Nationwide
- Esurance
- Safeco
- Travellers
- Liberty Mutual Insurance
- AIOI
- QBE
Segment by Type
- Pay-As-You-Drive Insurance
- Pay-How-You-Drive Insurance
- Distance Based Insurance
- Pay-As-You-Go Insurance
Segment by Application
- Men
- Women
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Usage-Based Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Usage-Based Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Pay-As-You-Drive Insurance
1.2.3 Pay-How-You-Drive Insurance
1.2.4 Distance Based Insurance
1.2.5 Pay-As-You-Go Insurance
1.3 Market by Application
1.3.1 Global Usage-Based Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Men
1.3.3 Women
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Usage-Based Insurance Market Perspective (2019-2030)
2.2 Usage-Based Insurance Growth Trends by Region
2.2.1 Global Usage-Based Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Usage-Based Insurance Historic Market Size by Region (2019-2024)
2.2.3 Usage-Based Insurance Forecasted Market Size by Region (2025-2030)
2.3 Usage-Based Insurance Market Dynamics
2.3.1 Usage-Based Insurance Industry Trends
2.3.2 Usage-Based Insurance Market Drivers
2.3.3 Usage-Based Insurance Market Challenges
2.3.4 Usage-Based Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Usage-Based Insurance Players by Revenue
3.1.1 Global Top Usage-Based Insurance Players by Revenue (2019-2024)
3.1.2 Global Usage-Based Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Usage-Based Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Usage-Based Insurance Revenue
3.4 Global Usage-Based Insurance Market Concentration Ratio
3.4.1 Global Usage-Based Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Usage-Based Insurance Revenue in 2023
3.5 Usage-Based Insurance Key Players Head office and Area Served
3.6 Key Players Usage-Based Insurance Product Solution and Service
3.7 Date of Enter into Usage-Based Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Usage-Based Insurance Breakdown Data by Type
4.1 Global Usage-Based Insurance Historic Market Size by Type (2019-2024)
4.2 Global Usage-Based Insurance Forecasted Market Size by Type (2025-2030)
5 Usage-Based Insurance Breakdown Data by Application
5.1 Global Usage-Based Insurance Historic Market Size by Application (2019-2024)
5.2 Global Usage-Based Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Usage-Based Insurance Market Size (2019-2030)
6.2 North America Usage-Based Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Usage-Based Insurance Market Size by Country (2019-2024)
6.4 North America Usage-Based Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Usage-Based Insurance Market Size (2019-2030)
7.2 Europe Usage-Based Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Usage-Based Insurance Market Size by Country (2019-2024)
7.4 Europe Usage-Based Insurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Usage-Based Insurance Market Size (2019-2030)
8.2 Asia-Pacific Usage-Based Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Usage-Based Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Usage-Based Insurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Usage-Based Insurance Market Size (2019-2030)
9.2 Latin America Usage-Based Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Usage-Based Insurance Market Size by Country (2019-2024)
9.4 Latin America Usage-Based Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Usage-Based Insurance Market Size (2019-2030)
10.2 Middle East & Africa Usage-Based Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Usage-Based Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Usage-Based Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 MetroMile
11.1.1 MetroMile Company Detail
11.1.2 MetroMile Business Overview
11.1.3 MetroMile Usage-Based Insurance Introduction
11.1.4 MetroMile Revenue in Usage-Based Insurance Business (2019-2024)
11.1.5 MetroMile Recent Development
11.2 Progressive
11.2.1 Progressive Company Detail
11.2.2 Progressive Business Overview
11.2.3 Progressive Usage-Based Insurance Introduction
11.2.4 Progressive Revenue in Usage-Based Insurance Business (2019-2024)
11.2.5 Progressive Recent Development
11.3 Allstate
11.3.1 Allstate Company Detail
11.3.2 Allstate Business Overview
11.3.3 Allstate Usage-Based Insurance Introduction
11.3.4 Allstate Revenue in Usage-Based Insurance Business (2019-2024)
11.3.5 Allstate Recent Development
11.4 Nationwide
11.4.1 Nationwide Company Detail
11.4.2 Nationwide Business Overview
11.4.3 Nationwide Usage-Based Insurance Introduction
11.4.4 Nationwide Revenue in Usage-Based Insurance Business (2019-2024)
11.4.5 Nationwide Recent Development
11.5 Esurance
11.5.1 Esurance Company Detail
11.5.2 Esurance Business Overview
11.5.3 Esurance Usage-Based Insurance Introduction
11.5.4 Esurance Revenue in Usage-Based Insurance Business (2019-2024)
11.5.5 Esurance Recent Development
11.6 Safeco
11.6.1 Safeco Company Detail
11.6.2 Safeco Business Overview
11.6.3 Safeco Usage-Based Insurance Introduction
11.6.4 Safeco Revenue in Usage-Based Insurance Business (2019-2024)
11.6.5 Safeco Recent Development
11.7 Travellers
11.7.1 Travellers Company Detail
11.7.2 Travellers Business Overview
11.7.3 Travellers Usage-Based Insurance Introduction
11.7.4 Travellers Revenue in Usage-Based Insurance Business (2019-2024)
11.7.5 Travellers Recent Development
11.8 Liberty Mutual Insurance
11.8.1 Liberty Mutual Insurance Company Detail
11.8.2 Liberty Mutual Insurance Business Overview
11.8.3 Liberty Mutual Insurance Usage-Based Insurance Introduction
11.8.4 Liberty Mutual Insurance Revenue in Usage-Based Insurance Business (2019-2024)
11.8.5 Liberty Mutual Insurance Recent Development
11.9 AIOI
11.9.1 AIOI Company Detail
11.9.2 AIOI Business Overview
11.9.3 AIOI Usage-Based Insurance Introduction
11.9.4 AIOI Revenue in Usage-Based Insurance Business (2019-2024)
11.9.5 AIOI Recent Development
11.10 QBE
11.10.1 QBE Company Detail
11.10.2 QBE Business Overview
11.10.3 QBE Usage-Based Insurance Introduction
11.10.4 QBE Revenue in Usage-Based Insurance Business (2019-2024)
11.10.5 QBE Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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