Automotive & Vehicle Insurance Market - Global Outlook and Forecast 2022-2028

January 2022 | 67 pages | ID: A5770DFE22C1EN
Market Monitor Global

Abstracts

Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.

This report contains market size and forecasts of Automotive & Vehicle Insurance in Global, including the following market information:

Global Automotive & Vehicle Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Automotive & Vehicle Insurance market was valued at 219730 million in 2021 and is projected to reach US$ 260980 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.

Liability Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Automotive & Vehicle Insurance include State Farm, GEICO, Progressive, Allstate, USAA, Liberty Mutual, Farmers, Nationwide and Travelers and 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 & Vehicle 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 & Vehicle Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Automotive & Vehicle Insurance Market Segment Percentages, by Type, 2021 (%)

• Liability Insurance
• Collision Coverage
• Comprehensive Coverage
• Personal Injury Protection

Global Automotive & Vehicle Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Automotive & Vehicle Insurance Market Segment Percentages, by Application, 2021 (%)

• Passenger Car
• Commercial Vehicle

Global Automotive & Vehicle Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Automotive & Vehicle 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 & Vehicle Insurance revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Automotive & Vehicle Insurance revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• State Farm
• GEICO
• Progressive
• Allstate
• USAA
• Liberty Mutual
• Farmers
• Nationwide
• Travelers
• American Family

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Automotive & Vehicle Insurance Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Automotive & Vehicle Insurance Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL AUTOMOTIVE & VEHICLE INSURANCE OVERALL MARKET SIZE

2.1 Global Automotive & Vehicle Insurance Market Size: 2021 VS 2028
2.2 Global Automotive & Vehicle Insurance Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Automotive & Vehicle Insurance Players in Global Market
3.2 Top Global Automotive & Vehicle Insurance Companies Ranked by Revenue
3.3 Global Automotive & Vehicle Insurance Revenue by Companies
3.4 Top 3 and Top 5 Automotive & Vehicle Insurance Companies in Global Market, by Revenue in 2021
3.5 Global Companies Automotive & Vehicle Insurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 Automotive & Vehicle Insurance Players in Global Market
  3.6.1 List of Global Tier 1 Automotive & Vehicle Insurance Companies
  3.6.2 List of Global Tier 2 and Tier 3 Automotive & Vehicle Insurance Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Automotive & Vehicle Insurance Market Size Markets, 2021 & 2028
  4.1.2 Liability Insurance
  4.1.3 Collision Coverage
  4.1.4 Comprehensive Coverage
  4.1.5 Personal Injury Protection
4.2 By Type - Global Automotive & Vehicle Insurance Revenue & Forecasts
  4.2.1 By Type - Global Automotive & Vehicle Insurance Revenue, 2017-2022
  4.2.2 By Type - Global Automotive & Vehicle Insurance Revenue, 2023-2028
  4.2.3 By Type - Global Automotive & Vehicle Insurance Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Automotive & Vehicle Insurance Market Size, 2021 & 2028
  5.1.2 Passenger Car
  5.1.3 Commercial Vehicle
5.2 By Application - Global Automotive & Vehicle Insurance Revenue & Forecasts
  5.2.1 By Application - Global Automotive & Vehicle Insurance Revenue, 2017-2022
  5.2.2 By Application - Global Automotive & Vehicle Insurance Revenue, 2023-2028
  5.2.3 By Application - Global Automotive & Vehicle Insurance Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Automotive & Vehicle Insurance Market Size, 2021 & 2028
6.2 By Region - Global Automotive & Vehicle Insurance Revenue & Forecasts
  6.2.1 By Region - Global Automotive & Vehicle Insurance Revenue, 2017-2022
  6.2.2 By Region - Global Automotive & Vehicle Insurance Revenue, 2023-2028
  6.2.3 By Region - Global Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Automotive & Vehicle Insurance Revenue, 2017-2028
  6.3.2 US Automotive & Vehicle Insurance Market Size, 2017-2028
  6.3.3 Canada Automotive & Vehicle Insurance Market Size, 2017-2028
  6.3.4 Mexico Automotive & Vehicle Insurance Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Automotive & Vehicle Insurance Revenue, 2017-2028
  6.4.2 Germany Automotive & Vehicle Insurance Market Size, 2017-2028
  6.4.3 France Automotive & Vehicle Insurance Market Size, 2017-2028
  6.4.4 U.K. Automotive & Vehicle Insurance Market Size, 2017-2028
  6.4.5 Italy Automotive & Vehicle Insurance Market Size, 2017-2028
  6.4.6 Russia Automotive & Vehicle Insurance Market Size, 2017-2028
  6.4.7 Nordic Countries Automotive & Vehicle Insurance Market Size, 2017-2028
  6.4.8 Benelux Automotive & Vehicle Insurance Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Automotive & Vehicle Insurance Revenue, 2017-2028
  6.5.2 China Automotive & Vehicle Insurance Market Size, 2017-2028
  6.5.3 Japan Automotive & Vehicle Insurance Market Size, 2017-2028
  6.5.4 South Korea Automotive & Vehicle Insurance Market Size, 2017-2028
  6.5.5 Southeast Asia Automotive & Vehicle Insurance Market Size, 2017-2028
  6.5.6 India Automotive & Vehicle Insurance Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Automotive & Vehicle Insurance Revenue, 2017-2028
  6.6.2 Brazil Automotive & Vehicle Insurance Market Size, 2017-2028
  6.6.3 Argentina Automotive & Vehicle Insurance Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Automotive & Vehicle Insurance Revenue, 2017-2028
  6.7.2 Turkey Automotive & Vehicle Insurance Market Size, 2017-2028
  6.7.3 Israel Automotive & Vehicle Insurance Market Size, 2017-2028
  6.7.4 Saudi Arabia Automotive & Vehicle Insurance Market Size, 2017-2028
  6.7.5 UAE Automotive & Vehicle Insurance Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 State Farm
  7.1.1 State Farm Corporate Summary
  7.1.2 State Farm Business Overview
  7.1.3 State Farm Automotive & Vehicle Insurance Major Product Offerings
  7.1.4 State Farm Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.1.5 State Farm Key News
7.2 GEICO
  7.2.1 GEICO Corporate Summary
  7.2.2 GEICO Business Overview
  7.2.3 GEICO Automotive & Vehicle Insurance Major Product Offerings
  7.2.4 GEICO Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.2.5 GEICO Key News
7.3 Progressive
  7.3.1 Progressive Corporate Summary
  7.3.2 Progressive Business Overview
  7.3.3 Progressive Automotive & Vehicle Insurance Major Product Offerings
  7.3.4 Progressive Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.3.5 Progressive Key News
7.4 Allstate
  7.4.1 Allstate Corporate Summary
  7.4.2 Allstate Business Overview
  7.4.3 Allstate Automotive & Vehicle Insurance Major Product Offerings
  7.4.4 Allstate Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.4.5 Allstate Key News
7.5 USAA
  7.5.1 USAA Corporate Summary
  7.5.2 USAA Business Overview
  7.5.3 USAA Automotive & Vehicle Insurance Major Product Offerings
  7.5.4 USAA Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.5.5 USAA Key News
7.6 Liberty Mutual
  7.6.1 Liberty Mutual Corporate Summary
  7.6.2 Liberty Mutual Business Overview
  7.6.3 Liberty Mutual Automotive & Vehicle Insurance Major Product Offerings
  7.6.4 Liberty Mutual Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.6.5 Liberty Mutual Key News
7.7 Farmers
  7.7.1 Farmers Corporate Summary
  7.7.2 Farmers Business Overview
  7.7.3 Farmers Automotive & Vehicle Insurance Major Product Offerings
  7.7.4 Farmers Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.7.5 Farmers Key News
7.8 Nationwide
  7.8.1 Nationwide Corporate Summary
  7.8.2 Nationwide Business Overview
  7.8.3 Nationwide Automotive & Vehicle Insurance Major Product Offerings
  7.8.4 Nationwide Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.8.5 Nationwide Key News
7.9 Travelers
  7.9.1 Travelers Corporate Summary
  7.9.2 Travelers Business Overview
  7.9.3 Travelers Automotive & Vehicle Insurance Major Product Offerings
  7.9.4 Travelers Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.9.5 Travelers Key News
7.10 American Family
  7.10.1 American Family Corporate Summary
  7.10.2 American Family Business Overview
  7.10.3 American Family Automotive & Vehicle Insurance Major Product Offerings
  7.10.4 American Family Automotive & Vehicle Insurance Revenue in Global Market (2017-2022)
  7.10.5 American Family Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Automotive & Vehicle Insurance Market Opportunities & Trends in Global Market
Table 2. Automotive & Vehicle Insurance Market Drivers in Global Market
Table 3. Automotive & Vehicle Insurance Market Restraints in Global Market
Table 4. Key Players of Automotive & Vehicle Insurance in Global Market
Table 5. Top Automotive & Vehicle Insurance Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Automotive & Vehicle Insurance Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Automotive & Vehicle Insurance Revenue Share by Companies, 2017-2022
Table 8. Global Companies Automotive & Vehicle Insurance Product Type
Table 9. List of Global Tier 1 Automotive & Vehicle Insurance Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Automotive & Vehicle Insurance Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Automotive & Vehicle Insurance Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Automotive & Vehicle Insurance Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Automotive & Vehicle Insurance Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Automotive & Vehicle Insurance Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Automotive & Vehicle Insurance Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Automotive & Vehicle Insurance Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Automotive & Vehicle Insurance Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Automotive & Vehicle Insurance Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Automotive & Vehicle Insurance Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Automotive & Vehicle Insurance Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Automotive & Vehicle Insurance Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Automotive & Vehicle Insurance Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Automotive & Vehicle Insurance Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Automotive & Vehicle Insurance Revenue, (US$, Mn), 2023-2028
Table 30. State Farm Corporate Summary
Table 31. State Farm Automotive & Vehicle Insurance Product Offerings
Table 32. State Farm Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 33. GEICO Corporate Summary
Table 34. GEICO Automotive & Vehicle Insurance Product Offerings
Table 35. GEICO Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 36. Progressive Corporate Summary
Table 37. Progressive Automotive & Vehicle Insurance Product Offerings
Table 38. Progressive Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 39. Allstate Corporate Summary
Table 40. Allstate Automotive & Vehicle Insurance Product Offerings
Table 41. Allstate Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 42. USAA Corporate Summary
Table 43. USAA Automotive & Vehicle Insurance Product Offerings
Table 44. USAA Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 45. Liberty Mutual Corporate Summary
Table 46. Liberty Mutual Automotive & Vehicle Insurance Product Offerings
Table 47. Liberty Mutual Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 48. Farmers Corporate Summary
Table 49. Farmers Automotive & Vehicle Insurance Product Offerings
Table 50. Farmers Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 51. Nationwide Corporate Summary
Table 52. Nationwide Automotive & Vehicle Insurance Product Offerings
Table 53. Nationwide Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 54. Travelers Corporate Summary
Table 55. Travelers Automotive & Vehicle Insurance Product Offerings
Table 56. Travelers Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)
Table 57. American Family Corporate Summary
Table 58. American Family Automotive & Vehicle Insurance Product Offerings
Table 59. American Family Automotive & Vehicle Insurance Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Automotive & Vehicle Insurance Segment by Type in 2021
Figure 2. Automotive & Vehicle Insurance Segment by Application in 2021
Figure 3. Global Automotive & Vehicle Insurance Market Overview: 2020
Figure 4. Key Caveats
Figure 5. Global Automotive & Vehicle Insurance Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Automotive & Vehicle Insurance Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Automotive & Vehicle Insurance Revenue in 2021
Figure 8. By Type - Global Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
Figure 9. By Application - Global Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
Figure 10. By Region - Global Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
Figure 11. By Country - North America Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
Figure 12. US Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
Figure 16. Germany Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 17. France Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
Figure 24. China Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 28. India Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
Figure 30. Brazil Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Automotive & Vehicle Insurance Revenue Market Share, 2017-2028
Figure 33. Turkey Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Automotive & Vehicle Insurance Revenue, (US$, Mn), 2017-2028
Figure 37. State Farm Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. GEICO Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Progressive Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Allstate Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. USAA Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Liberty Mutual Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Farmers Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Nationwide Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Travelers Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. American Family Automotive & Vehicle Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)