New car replacement insurance gives you money for a brand new car of the same make and model (minus your deductible) instead of the depreciated value of your totaled car if your vehicle gets totaled.
This report aims to provide a comprehensive presentation of the global market for New Car Replacement 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 New Car Replacement Insurance. This report contains market size and forecasts of New Car Replacement Insurance in global, including the following market information:
Global New Car Replacement Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global New Car Replacement Insurance market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Luxury Vehicle Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of New Car Replacement Insurance include Allstate, Ameriprise Financial, Erie Insurance Co, Farmers Insurance Group, The Hartford, Liberty Mutual and The Travelers Companies, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the New Car Replacement 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 New Car Replacement Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global New Car Replacement Insurance Market Segment Percentages, by Type, 2022 (%)
Luxury Vehicle
Electric Vehicle
Other
Global New Car Replacement Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global New Car Replacement Insurance Market Segment Percentages, by Application, 2022 (%)
Vehicle Less than One Year Old
Vehicle Less than Two Years Old
Vehicle Less than Three Years Old
Global New Car Replacement Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global New Car Replacement 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 New Car Replacement Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies New Car Replacement Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allstate
Ameriprise Financial
Erie Insurance Co
Farmers Insurance Group
The Hartford
Liberty Mutual
The Travelers Companies
Outline of Major Chapters:
Chapter 1: Introduces the definition of New Car Replacement Insurance, market overview.
Chapter 2: Global New Car Replacement Insurance market size in revenue.
Chapter 3: Detailed analysis of New Car Replacement 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 New Car Replacement 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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 New Car Replacement Insurance Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global New Car Replacement 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 New Car Replacement Insurance Overall Market Size
2.1 Global New Car Replacement Insurance Market Size: 2022 VS 2029
2.2 Global New Car Replacement Insurance Market Size, Prospects & Forecasts: 2018-2029
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 New Car Replacement Insurance Players in Global Market
3.2 Top Global New Car Replacement Insurance Companies Ranked by Revenue
3.3 Global New Car Replacement Insurance Revenue by Companies
3.4 Top 3 and Top 5 New Car Replacement Insurance Companies in Global Market, by Revenue in 2022
3.5 Global Companies New Car Replacement Insurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 New Car Replacement Insurance Players in Global Market
3.6.1 List of Global Tier 1 New Car Replacement Insurance Companies
3.6.2 List of Global Tier 2 and Tier 3 New Car Replacement Insurance Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global New Car Replacement Insurance Market Size Markets, 2022 & 2029
4.1.2 Luxury Vehicle
4.1.3 Electric Vehicle
4.1.4 Other
4.2 By Type - Global New Car Replacement Insurance Revenue & Forecasts
4.2.1 By Type - Global New Car Replacement Insurance Revenue, 2018-2023
4.2.2 By Type - Global New Car Replacement Insurance Revenue, 2024-2029
4.2.3 By Type - Global New Car Replacement Insurance Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global New Car Replacement Insurance Market Size, 2022 & 2029
5.1.2 Vehicle Less than One Year Old
5.1.3 Vehicle Less than Two Years Old
5.1.4 Vehicle Less than Three Years Old
5.2 By Application - Global New Car Replacement Insurance Revenue & Forecasts
5.2.1 By Application - Global New Car Replacement Insurance Revenue, 2018-2023
5.2.2 By Application - Global New Car Replacement Insurance Revenue, 2024-2029
5.2.3 By Application - Global New Car Replacement Insurance Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global New Car Replacement Insurance Market Size, 2022 & 2029
6.2 By Region - Global New Car Replacement Insurance Revenue & Forecasts
6.2.1 By Region - Global New Car Replacement Insurance Revenue, 2018-2023
6.2.2 By Region - Global New Car Replacement Insurance Revenue, 2024-2029
6.2.3 By Region - Global New Car Replacement Insurance Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America New Car Replacement Insurance Revenue, 2018-2029
6.3.2 US New Car Replacement Insurance Market Size, 2018-2029
6.3.3 Canada New Car Replacement Insurance Market Size, 2018-2029
6.3.4 Mexico New Car Replacement Insurance Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe New Car Replacement Insurance Revenue, 2018-2029
6.4.2 Germany New Car Replacement Insurance Market Size, 2018-2029
6.4.3 France New Car Replacement Insurance Market Size, 2018-2029
6.4.4 U.K. New Car Replacement Insurance Market Size, 2018-2029
6.4.5 Italy New Car Replacement Insurance Market Size, 2018-2029
6.4.6 Russia New Car Replacement Insurance Market Size, 2018-2029
6.4.7 Nordic Countries New Car Replacement Insurance Market Size, 2018-2029
6.4.8 Benelux New Car Replacement Insurance Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia New Car Replacement Insurance Revenue, 2018-2029
6.5.2 China New Car Replacement Insurance Market Size, 2018-2029
6.5.3 Japan New Car Replacement Insurance Market Size, 2018-2029
6.5.4 South Korea New Car Replacement Insurance Market Size, 2018-2029
6.5.5 Southeast Asia New Car Replacement Insurance Market Size, 2018-2029
6.5.6 India New Car Replacement Insurance Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America New Car Replacement Insurance Revenue, 2018-2029
6.6.2 Brazil New Car Replacement Insurance Market Size, 2018-2029
6.6.3 Argentina New Car Replacement Insurance Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa New Car Replacement Insurance Revenue, 2018-2029
6.7.2 Turkey New Car Replacement Insurance Market Size, 2018-2029
6.7.3 Israel New Car Replacement Insurance Market Size, 2018-2029
6.7.4 Saudi Arabia New Car Replacement Insurance Market Size, 2018-2029
6.7.5 UAE New Car Replacement Insurance Market Size, 2018-2029
7 New Car Replacement Insurance Companies Profiles
7.1 Allstate
7.1.1 Allstate Company Summary
7.1.2 Allstate Business Overview
7.1.3 Allstate New Car Replacement Insurance Major Product Offerings
7.1.4 Allstate New Car Replacement Insurance Revenue in Global Market (2018-2023)
7.1.5 Allstate Key News & Latest Developments
7.2 Ameriprise Financial
7.2.1 Ameriprise Financial Company Summary
7.2.2 Ameriprise Financial Business Overview
7.2.3 Ameriprise Financial New Car Replacement Insurance Major Product Offerings
7.2.4 Ameriprise Financial New Car Replacement Insurance Revenue in Global Market (2018-2023)
7.2.5 Ameriprise Financial Key News & Latest Developments
7.3 Erie Insurance Co
7.3.1 Erie Insurance Co Company Summary
7.3.2 Erie Insurance Co Business Overview
7.3.3 Erie Insurance Co New Car Replacement Insurance Major Product Offerings
7.3.4 Erie Insurance Co New Car Replacement Insurance Revenue in Global Market (2018-2023)
7.3.5 Erie Insurance Co Key News & Latest Developments
7.4 Farmers Insurance Group
7.4.1 Farmers Insurance Group Company Summary
7.4.2 Farmers Insurance Group Business Overview
7.4.3 Farmers Insurance Group New Car Replacement Insurance Major Product Offerings
7.4.4 Farmers Insurance Group New Car Replacement Insurance Revenue in Global Market (2018-2023)
7.4.5 Farmers Insurance Group Key News & Latest Developments
7.5 The Hartford
7.5.1 The Hartford Company Summary
7.5.2 The Hartford Business Overview
7.5.3 The Hartford New Car Replacement Insurance Major Product Offerings
7.5.4 The Hartford New Car Replacement Insurance Revenue in Global Market (2018-2023)
7.5.5 The Hartford Key News & Latest Developments
7.6 Liberty Mutual
7.6.1 Liberty Mutual Company Summary
7.6.2 Liberty Mutual Business Overview
7.6.3 Liberty Mutual New Car Replacement Insurance Major Product Offerings
7.6.4 Liberty Mutual New Car Replacement Insurance Revenue in Global Market (2018-2023)
7.6.5 Liberty Mutual Key News & Latest Developments
7.7 The Travelers Companies
7.7.1 The Travelers Companies Company Summary
7.7.2 The Travelers Companies Business Overview
7.7.3 The Travelers Companies New Car Replacement Insurance Major Product Offerings
7.7.4 The Travelers Companies New Car Replacement Insurance Revenue in Global Market (2018-2023)
7.7.5 The Travelers Companies Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. New Car Replacement Insurance Market Opportunities & Trends in Global Market
Table 2. New Car Replacement Insurance Market Drivers in Global Market
Table 3. New Car Replacement Insurance Market Restraints in Global Market
Table 4. Key Players of New Car Replacement Insurance in Global Market
Table 5. Top New Car Replacement Insurance Players in Global Market, Ranking by Revenue (2022)
Table 6. Global New Car Replacement Insurance Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global New Car Replacement Insurance Revenue Share by Companies, 2018-2023
Table 8. Global Companies New Car Replacement Insurance Product Type
Table 9. List of Global Tier 1 New Car Replacement Insurance Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 New Car Replacement Insurance Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global New Car Replacement Insurance Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - New Car Replacement Insurance Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - New Car Replacement Insurance Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global New Car Replacement Insurance Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - New Car Replacement Insurance Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - New Car Replacement Insurance Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global New Car Replacement Insurance Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global New Car Replacement Insurance Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global New Car Replacement Insurance Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America New Car Replacement Insurance Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America New Car Replacement Insurance Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe New Car Replacement Insurance Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe New Car Replacement Insurance Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia New Car Replacement Insurance Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia New Car Replacement Insurance Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America New Car Replacement Insurance Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America New Car Replacement Insurance Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa New Car Replacement Insurance Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa New Car Replacement Insurance Revenue, (US$, Mn), 2024-2029
Table 30. Allstate Company Summary
Table 31. Allstate New Car Replacement Insurance Product Offerings
Table 32. Allstate New Car Replacement Insurance Revenue (US$, Mn) & (2018-2023)
Table 33. Allstate Key News & Latest Developments
Table 34. Ameriprise Financial Company Summary
Table 35. Ameriprise Financial New Car Replacement Insurance Product Offerings
Table 36. Ameriprise Financial New Car Replacement Insurance Revenue (US$, Mn) & (2018-2023)
Table 37. Ameriprise Financial Key News & Latest Developments
Table 38. Erie Insurance Co Company Summary
Table 39. Erie Insurance Co New Car Replacement Insurance Product Offerings
Table 40. Erie Insurance Co New Car Replacement Insurance Revenue (US$, Mn) & (2018-2023)
Table 41. Erie Insurance Co Key News & Latest Developments
Table 42. Farmers Insurance Group Company Summary
Table 43. Farmers Insurance Group New Car Replacement Insurance Product Offerings
Table 44. Farmers Insurance Group New Car Replacement Insurance Revenue (US$, Mn) & (2018-2023)
Table 45. Farmers Insurance Group Key News & Latest Developments
Table 46. The Hartford Company Summary
Table 47. The Hartford New Car Replacement Insurance Product Offerings
Table 48. The Hartford New Car Replacement Insurance Revenue (US$, Mn) & (2018-2023)
Table 49. The Hartford Key News & Latest Developments
Table 50. Liberty Mutual Company Summary
Table 51. Liberty Mutual New Car Replacement Insurance Product Offerings
Table 52. Liberty Mutual New Car Replacement Insurance Revenue (US$, Mn) & (2018-2023)
Table 53. Liberty Mutual Key News & Latest Developments
Table 54. The Travelers Companies Company Summary
Table 55. The Travelers Companies New Car Replacement Insurance Product Offerings
Table 56. The Travelers Companies New Car Replacement Insurance Revenue (US$, Mn) & (2018-2023)
Table 57. The Travelers Companies Key News & Latest Developments
List of Figures
Figure 1. New Car Replacement Insurance Segment by Type in 2022
Figure 2. New Car Replacement Insurance Segment by Application in 2022
Figure 3. Global New Car Replacement Insurance Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global New Car Replacement Insurance Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global New Car Replacement Insurance Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by New Car Replacement Insurance Revenue in 2022
Figure 8. By Type - Global New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 9. By Application - Global New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 10. By Type - Global New Car Replacement Insurance Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 12. By Application - Global New Car Replacement Insurance Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 14. By Region - Global New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 15. By Country - North America New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 16. US New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 17. Canada New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 20. Germany New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 21. France New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 23. Italy New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 24. Russia New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 28. China New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 29. Japan New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 32. India New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 34. Brazil New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa New Car Replacement Insurance Revenue Market Share, 2018-2029
Figure 37. Turkey New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 38. Israel New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 40. UAE New Car Replacement Insurance Revenue, (US$, Mn), 2018-2029
Figure 41. Allstate New Car Replacement Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Ameriprise Financial New Car Replacement Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Erie Insurance Co New Car Replacement Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Farmers Insurance Group New Car Replacement Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. The Hartford New Car Replacement Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Liberty Mutual New Car Replacement Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. The Travelers Companies New Car Replacement Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
