Automotive Usage-Based Insurance Market: Size and Growth Opportunities | 2033

[Anek Patel]

"Automotive Usage-Based Insurance Market" - Research Report, 2025-2033 delivers a comprehensive analysis of the industry's growth trajectory, encompassing historical trends, current market conditions, and essential metrics including production costs, market valuation, and growth rates. Automotive Usage-Based Insurance Market Size, Share, Growth, and Industry Analysis, By Type ( Pay-As-You-Drive(PAYD), Pay-How-You-Drive(PHYD), Manage-How-You-Drive(MHYD), Automotive Usage-based Insurance), By (Light-Duty Vehicle(LDV), Heavy-Duty Vehicle(HDV)), Regional Insights and Forecast to 2033 are driving major changes, setting new standards and influencing customer expectations. These advancements are expected to lead to significant market growth. Capitalize on the market's projected expansion at a CAGR of 6.1% from 2024 to 2033. Our comprehensive [127+ Pages] market research report offers Exclusive Insights, Vital Statistics, Trends, and Competitive Analysis to help you succeed in this Information & Technology sector.

Automotive Usage-Based Insurance Market: Is it Worth Investing In? (2025-2033)

The Automotive Usage-Based Insurance (UBI) Market size was valued at USD 181.4 million in 2024 and is expected to reach USD 309 million by 2033, growing at a CAGR of 6.1% from 2025 to 2033.

The Automotive Usage-Based Insurance market is expected to demonstrate strong growth between 2025 and 2033, driven by 2024's positive performance and strategic advancements from key players.

The leading key players in the Automotive Usage-Based Insurance market include:

• Progressive Corporation
• Allstate Corporation
• State Farm Mutual Automobile Insurance Company
• AXA Group
• Generali Group
• Admiral Group
• Liberty Mutual Insurance
• TomTom Telematics
• Cambridge Mobile Telematics (CMT)
• Octo Telematics

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Report Scope

This report offers a comprehensive analysis of the global Automotive Usage-Based Insurance market, providing insights into market size, estimations, and forecasts. Leveraging sales volume (K Units) and revenue (USD millions) data, the report covers the historical period from 2020 to 2025 and forecasts for the future, with 2024 as the base year.

For granular market understanding, the report segments the market by product type, application, and player. Additionally, regional market sizes are provided, offering a detailed picture of the global Automotive Usage-Based Insurance landscape.

Gain valuable insights into the competitive landscape through detailed profiles of key players and their market ranks. The report also explores emerging technological trends and new product developments, keeping you at the forefront of industry advancements.

This research empowers Automotive Usage-Based Insurance manufacturers, new entrants, and related industry chain companies by providing critical information. Access detailed data on revenues, sales volume, and average price across various segments, including company, type, application, and region.

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Understanding Automotive Usage-Based Insurance Product Types & Applications: Key Trends and Innovations in 2025

By Product Types:

• Pay-As-You-Drive(PAYD)
• Pay-How-You-Drive(PHYD)
• Manage-How-You-Drive(MHYD)
• Automotive Usage-based Insurance

By Application:

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

Emerging Automotive Usage-Based Insurance Market Leaders: Where's the Growth in 2025?

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This report offers a comprehensive analysis of the Automotive Usage-Based Insurance market, considering both the direct and indirect effects from related industries. We examine the pandemic's influence on the global and regional Automotive Usage-Based Insurance market landscape, including market size, trends, and growth projections. The analysis is further segmented by type, application, and consumer sector for a granular understanding.

Additionally, the report provides a pre and post pandemic assessment of key growth drivers and challenges within the Automotive Usage-Based Insurance industry. A PESTEL analysis is also included, evaluating political, economic, social, technological, environmental, and legal factors influencing the market.

We understand that your specific needs might require tailored data. Our research analysts can customize the report to focus on a particular region, application, or specific statistics. Furthermore, we continuously update our research, triangulating your data with our findings to provide a comprehensive and customized market analysis.

COVID-19 Changed Us? An Impact and Recovery Analysis

This report delves into the specific repercussions on the Automotive Usage-Based Insurance Market. We meticulously tracked both the direct and cascading effects of the pandemic, examining how it reshaped market size, trends, and growth across international and regional landscapes. Segmented by type, application, and consumer sector, this analysis provides a comprehensive view of the market's evolution, incorporating a PESTEL analysis to understand key influencers and barriers. Ultimately, this report aims to provide actionable insights into the market's recovery trajectory, reflecting the broader shifts. Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Automotive Usage-Based Insurance Industry.

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Detailed TOC of Global Automotive Usage-Based Insurance Market Research Report, 2025-2033

1 Report Overview

1.1 Study Scope
1.2 Global Automotive Usage-Based Insurance Market Size Growth Rate by Type: 2020 VS 2024 VS 2033
1.3 Global Automotive Usage-Based Insurance Market Growth by Application: 2020 VS 2024 VS 2033
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends

2.1 Global Automotive Usage-Based Insurance Market Perspective (2020-2033)
2.2 Automotive Usage-Based Insurance Growth Trends by Region
2.2.1 Global Automotive Usage-Based Insurance Market Size by Region: 2020 VS 2024 VS 2033
2.2.2 Automotive Usage-Based Insurance Historic Market Size by Region (2020-2025)
2.2.3 Automotive Usage-Based Insurance Forecasted Market Size by Region (2025-2033)
2.3 Automotive Usage-Based Insurance Market Dynamics
2.3.1 Automotive Usage-Based Insurance Industry Trends
2.3.2 Automotive Usage-Based Insurance Market Drivers
2.3.3 Automotive Usage-Based Insurance Market Challenges
2.3.4 Automotive Usage-Based Insurance Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Automotive Usage-Based Insurance Players by Revenue
3.1.1 Global Top Automotive Usage-Based Insurance Players by Revenue (2020-2025)
3.1.2 Global Automotive Usage-Based Insurance Revenue Market Share by Players (2020-2025)
3.2 Global Automotive Usage-Based Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Automotive Usage-Based Insurance Revenue
3.4 Global Automotive Usage-Based Insurance Market Concentration Ratio
3.4.1 Global Automotive Usage-Based Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automotive Usage-Based Insurance Revenue in 2024
3.5 Automotive Usage-Based Insurance Key Players Head office and Area Served
3.6 Key Players Automotive Usage-Based Insurance Product Solution and Service
3.7 Date of Enter into Automotive Usage-Based Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans

4 Automotive Usage-Based Insurance Breakdown Data by Type

4.1 Global Automotive Usage-Based Insurance Historic Market Size by Type (2020-2025)
4.2 Global Automotive Usage-Based Insurance Forecasted Market Size by Type (2025-2033)

5 Automotive Usage-Based Insurance Breakdown Data by Application

5.1 Global Automotive Usage-Based Insurance Historic Market Size by Application (2020-2025)
5.2 Global Automotive Usage-Based Insurance Forecasted Market Size by Application (2025-2033)

6 North America

6.1 North America Automotive Usage-Based Insurance Market Size (2020-2033)
6.2 North America Automotive Usage-Based Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2033
6.3 North America Automotive Usage-Based Insurance Market Size by Country (2020-2025)
6.4 North America Automotive Usage-Based Insurance Market Size by Country (2025-2033)
6.5 United States
6.6 Canada

7 Europe

7.1 Europe Automotive Usage-Based Insurance Market Size (2020-2033)
7.2 Europe Automotive Usage-Based Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2033
7.3 Europe Automotive Usage-Based Insurance Market Size by Country (2020-2025)
7.4 Europe Automotive Usage-Based Insurance Market Size by Country (2025-2033)
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 Automotive Usage-Based Insurance Market Size (2020-2033)
8.2 Asia-Pacific Automotive Usage-Based Insurance Market Growth Rate by Region: 2020 VS 2024 VS 2033
8.3 Asia-Pacific Automotive Usage-Based Insurance Market Size by Region (2020-2025)
8.4 Asia-Pacific Automotive Usage-Based Insurance Market Size by Region (2025-2033)
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 Automotive Usage-Based Insurance Market Size (2020-2033)
9.2 Latin America Automotive Usage-Based Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2033
9.3 Latin America Automotive Usage-Based Insurance Market Size by Country (2020-2025)
9.4 Latin America Automotive Usage-Based Insurance Market Size by Country (2025-2033)
9.5 Mexico
9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Automotive Usage-Based Insurance Market Size (2020-2033)
10.2 Middle East & Africa Automotive Usage-Based Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2033
10.3 Middle East & Africa Automotive Usage-Based Insurance Market Size by Country (2020-2025)
10.4 Middle East & Africa Automotive Usage-Based Insurance Market Size by Country (2025-2033)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE

11 Key Players Profiles

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

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