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The global Automotive Usage-based Insurance market was valued at US$ 155.1 million in 2022 and is projected to reach US$ 231.2 million by 2029, at a CAGR of 5.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Usage-based Insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
This report aims to provide a comprehensive presentation of the global market for Automotive 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 Automotive Usage-based Insurance. This report contains market size and forecasts of Automotive Usage-based Insurance in global, including the following market information:

• Global Automotive Usage-based Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global top five companies in 2022 (%)

The Americas region is projected to be the largest market for usage-based insurance during the forecast period. The Americas has the highest adoption rate of usage-based insurance as compared to other regions owing to higher regular insurance premiums and high sales of premium D segment and light-duty vehicles. Apart from this, vehicles with telematics and connected car services are acting as a driving factor for the usage-based insurance market.
We surveyed the Automotive Usage-based 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 Usage-based Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Automotive Usage-based Insurance Market Segment Percentages, by Type, 2022 (%)

• Pay-As-You-Drive(PAYD)
• Pay-How-You-Drive(PHYD)
• Manage-How-You-Drive(MHYD)

Global Automotive Usage-based Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Automotive Usage-based Insurance Market Segment Percentages, by Application, 2022 (%)

• Light-Duty Vehicle(LDV)
• Heavy-Duty Vehicle(HDV)

Global Automotive Usage-based Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Automotive Usage-based Insurance Market Segment Percentages, By Region and Country, 2022 (%)

• 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 Usage-based Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Automotive Usage-based Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

• Progressive
• Allstate
• Octo Telematics
• MetroMile
• Allianz
• AXA
• Liberty Mutual
• Verizon
• Movitrack Viasat
• Nationwide
• Esurance
• Safeco
• Travellers
• Liberty Mutual Insurance
• AIOI
• QBE
• Modus Group
• Intelligent Mechatronic Systems
• Inseego
• Truemotion
• Cambridge Mobile Telematics

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Automotive Usage-based Insurance, market overview.
• Chapter 2: Global Automotive Usage-based Insurance market size in revenue.
• Chapter 3: Detailed analysis of Automotive Usage-based Insurance company competitive landscape, revenue and 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: Sales of Automotive Usage-based Insurance in regional level and country level. 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 of each country in the world.
• Chapter 7: 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 8: The main points and conclusions of the report.