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Global Auto Insurance Market Size, Status and Forecast 2025

Published: Jun, 2018 | Pages: 90 | Publisher: QYResearch
Industry: ICT | Report Format: Electronic (PDF)

Global Auto Insurance Market is predicted to grow considerably in the forecast period due to the rise in the per capita income of the consumers worldwide. Auto insurance is a policy for automobiles. It covers any financial risk that can emerge while driving the vehicle. It is primarily used to offer financial protection against road mishaps, medical payments, comprehensive coverage, uninsured or underinsured motorist coverage and injury protection. In short an insurance company covers losses caused from damages, theft, or accidents.

The rise in global vehicle sales due to increase in per capita income of consumers and the compulsion to buy insurance while purchasing new vehicle are proved catalysts in the growth of auto insurance market. Lucrative and innovative product introductions are predicted to stimulate the market growth in near future. The prominent market players in insurance sector offer several add-on covers which is expected to impact the insurance sales positively and ultimately boost the market growth. The growing road mishaps owing to increased traffic is another reason for the growth of auto insurance market. Nevertheless, the rise in vehicle rental services, market fragmentation and adoption of driverless or autonomous vehicles are reducing the need for auto insurance in forecast period which is a major obstacle for the auto insurance market.

Auto insurance market is also gaining popularity due to implementation of enhanced analytics tools to reduce fake claims. The improved tools like big data analytics and geospatial analytics are the right tools for insurance companies to reduce losses caused by fraud claims. Other contributing factors to auto insurance market comprise growing costs of vehicle repairs, high cost of claims and unsafe driving practices due to which policyholders are doubtful to see a soft market in the near future. The growing employment rate and the decreasing gasoline prices are expected to rise the number of road mishaps and lead to higher expenses which ultimately increases the need for insurances. The rise in insurance claims which is also known as claim severity, is driven by factors like increase in auto repair, medical aid and auto parts.

Auto insurance market is categorized on the basis of insurance type, distribution channel, and geography. On the basis of insurance type, auto insurance market is divided into commercial insurance premium and personal insurance premium. In terms of distribution channel, the market is segmented into insurance agency or insurance broker and online insurance providers. Geographically, the auto insurance market is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

The top auto insurance market players profiled in Auto Insurance Market  include AXA, Allianz SE, Assicurazioni Generali S.p.A., Berkshire Hathaway Homestate Companies, The Allstate Corporation, American International Group, Inc., China Life Insurance Group, Munich Re, Prudential plc., and Zurich Insurance Group Ltd.

This report studies the global Auto Insurance market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Auto Insurance market by companies, region, type and end-use industry.

In 2017, the global Auto Insurance market size was  million US$ and it is expected to reach  million US$ by the end of 2025, with a CAGR of  during 2018-2025.

This report focuses on the global top players, covered

•	Allianz
•	USAA Property & Casualty
•	Amica Insurance
•	New Jersey Manufacturers Insurance Company
•	Erie Insurance Group
•	Auto Club Enterprises Insurance Group
•	Auto Club Insurance Association
•	Auto-Owners Insurance Group of Companies
•	Ameriprise Financial (IDS)
•	State Farm
•	State Auto Insurance Companies
•	Mercury
•	Geico

Market segment by Regions/Countries, this report covers

•	United States
•	Europe
•	China
•	Japan
•	Southeast Asia
•	India

Market segment by Type, the product can be split into

•	Liability Car Insurance
•	Physical Damage Car Insurance
•	Rental Insurance

Market segment by Application, split into

•	Cars
•	Truck
•	SUVs

The study objectives of this report are:

•	To study and forecast the market size of Auto Insurance in global market.
•	To analyze the global key players, SWOT analysis, value and global market share for top players.
•	To define, describe and forecast the market by type, end use and region.
•	To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
•	To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
•	To identify significant trends and factors driving or inhibiting the market growth.
•	To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
•	To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
•	To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
•	To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Auto Insurance are as follows:

•	History Year: 2013-2017
•	Base Year: 2017
•	Estimated Year: 2018
•	Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders

•	Auto Insurance Manufacturers
•	Auto Insurance Distributors/Traders/Wholesalers
•	Auto Insurance Subcomponent Manufacturers
•	Industry Association
•	Downstream Vendors

Available Customizations

With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:

•	Regional and country-level analysis of the Auto Insurance market, by end-use.
•	Detailed analysis and profiles of additional market players.
 Table of Contents

Global Auto Insurance Market Size, Status and Forecast 2025

1 Industry Overview of Auto Insurance
    1.1  Auto Insurance Market Overview
        1.1.1 Auto Insurance Product Scope
        1.1.2 Market Status and Outlook
    1.2 Global Auto Insurance Market Size and Analysis by Regions (2013-2018)
        1.2.1 United States
        1.2.2 Europe
        1.2.3 China
        1.2.4 Japan
        1.2.5 Southeast Asia
        1.2.6 India
    1.3 Auto Insurance Market by Type
        1.3.1 Liability Car Insurance
        1.3.2 Physical Damage Car Insurance
        1.3.3 Rental Insurance
    1.4 Auto Insurance Market by End Users/Application
        1.4.1 Cars
        1.4.2 Truck
        1.4.3 SUVs

2 Global Auto Insurance Competition Analysis by Players
    2.1 Auto Insurance Market Size (Value) by Players (2013-2018)
    2.2 Competitive Status and Trend
        2.2.1 Market Concentration Rate
        2.2.2 Product/Service Differences
        2.2.3 New Entrants
        2.2.4 The Technology Trends in Future

3 Company (Top Players) Profiles
    3.1 Allianz
        3.1.1 Company Profile
        3.1.2 Main Business/Business Overview
        3.1.3 Products, Services and Solutions
        3.1.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.2 USAA Property & Casualty
        3.2.1 Company Profile
        3.2.2 Main Business/Business Overview
        3.2.3 Products, Services and Solutions
        3.2.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.3 Amica Insurance
        3.3.1 Company Profile
        3.3.2 Main Business/Business Overview
        3.3.3 Products, Services and Solutions
        3.3.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.4 New Jersey Manufacturers Insurance Company
        3.4.1 Company Profile
        3.4.2 Main Business/Business Overview
        3.4.3 Products, Services and Solutions
        3.4.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.5 Erie Insurance Group
        3.5.1 Company Profile
        3.5.2 Main Business/Business Overview
        3.5.3 Products, Services and Solutions
        3.5.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.6 Auto Club Enterprises Insurance Group
        3.6.1 Company Profile
        3.6.2 Main Business/Business Overview
        3.6.3 Products, Services and Solutions
        3.6.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.7 Auto Club Insurance Association
        3.7.1 Company Profile
        3.7.2 Main Business/Business Overview
        3.7.3 Products, Services and Solutions
        3.7.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.8 Auto-Owners Insurance Group of Companies
        3.8.1 Company Profile
        3.8.2 Main Business/Business Overview
        3.8.3 Products, Services and Solutions
        3.8.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.9 Ameriprise Financial (IDS)
        3.9.1 Company Profile
        3.9.2 Main Business/Business Overview
        3.9.3 Products, Services and Solutions
        3.9.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.10 State Farm
        3.10.1 Company Profile
        3.10.2 Main Business/Business Overview
        3.10.3 Products, Services and Solutions
        3.10.4 Auto Insurance Revenue (Million USD) (2013-2018)
    3.11 State Auto Insurance Companies
    3.12 Mercury
    3.13 Geico

4 Global Auto Insurance Market Size by Type and Application (2013-2018)
    4.1 Global Auto Insurance Market Size by Type (2013-2018)
    4.2 Global Auto Insurance Market Size by Application (2013-2018)
    4.3 Potential Application of Auto Insurance in Future
    4.4 Top Consumer/End Users of Auto Insurance

5 United States Auto Insurance Development Status and Outlook
    5.1 United States Auto Insurance Market Size (2013-2018)
    5.2 United States Auto Insurance Market Size and Market Share by Players (2013-2018)
    5.3 United States Auto Insurance Market Size by Application (2013-2018)

6 Europe Auto Insurance Development Status and Outlook
    6.1 Europe Auto Insurance Market Size (2013-2018)
    6.2 Europe Auto Insurance Market Size and Market Share by Players (2013-2018)
    6.3 Europe Auto Insurance Market Size by Application (2013-2018)

7 China Auto Insurance Development Status and Outlook
    7.1 China Auto Insurance Market Size (2013-2018)
    7.2 China Auto Insurance Market Size and Market Share by Players (2013-2018)
    7.3 China Auto Insurance Market Size by Application (2013-2018)

8 Japan Auto Insurance Development Status and Outlook
    8.1 Japan Auto Insurance Market Size (2013-2018)
    8.2 Japan Auto Insurance Market Size and Market Share by Players (2013-2018)
    8.3 Japan Auto Insurance Market Size by Application (2013-2018)

9 Southeast Asia Auto Insurance Development Status and Outlook
    9.1 Southeast Asia Auto Insurance Market Size (2013-2018)
    9.2 Southeast Asia Auto Insurance Market Size and Market Share by Players (2013-2018)
    9.3 Southeast Asia Auto Insurance Market Size by Application (2013-2018)

10 India Auto Insurance Development Status and Outlook
    10.1 India Auto Insurance Market Size (2013-2018)
    10.2 India Auto Insurance Market Size and Market Share by Players (2013-2018)
    10.3 India Auto Insurance Market Size by Application (2013-2018)

11 Market Forecast by Regions, Type and Application (2018-2025)
    11.1 Global Auto Insurance Market Size (Value) by Regions (2018-2025)
        11.1.1 United States Auto Insurance Revenue and Growth Rate (2018-2025)
        11.1.2 Europe Auto Insurance Revenue and Growth Rate (2018-2025)
        11.1.3 China Auto Insurance Revenue and Growth Rate (2018-2025)
        11.1.4 Japan Auto Insurance Revenue and Growth Rate (2018-2025)
        11.1.5 Southeast Asia Auto Insurance Revenue and Growth Rate (2018-2025)
        11.1.6 India Auto Insurance Revenue and Growth Rate (2018-2025)
    11.2 Global Auto Insurance Market Size (Value) by Type (2018-2025)
    11.3 Global Auto Insurance Market Size by Application (2018-2025)

12 Auto Insurance Market Dynamics
    12.1 Auto Insurance Market Opportunities
    12.2 Auto Insurance Challenge and Risk
        12.2.1 Competition from Opponents
        12.2.2 Downside Risks of Economy
    12.3 Auto Insurance Market Constraints and Threat
        12.3.1 Threat from Substitute
        12.3.2 Government Policy
        12.3.3 Technology Risks
    12.4 Auto Insurance Market Driving Force
        12.4.1 Growing Demand from Emerging Markets
        12.4.2 Potential Application

13 Market Effect Factors Analysis
    13.1 Technology Progress/Risk
        13.1.1 Substitutes
        13.1.2 Technology Progress in Related Industry
    13.2 Consumer Needs Trend/Customer Preference
    13.3 External Environmental Change
        13.3.1 Economic Fluctuations
        13.3.2 Other Risk Factors

14 Research Finding/Conclusion

15 Appendix
    Methodology
    Analyst Introduction
    Data Source
List of Tables and Figures

    Figure Global Auto Insurance Market Size (Million USD) Status and Outlook (2013-2018)
    Table Global Auto Insurance Revenue (Million USD) Comparison by Regions (2013-2018)
    Figure Global Auto Insurance Market Share by Regions (2013-2018)
    Figure United States Auto Insurance Market Size (Million USD) and Growth Rate by Regions (2013-2018)
    Figure Europe Auto Insurance Market Size (Million USD) and Growth Rate by Regions (2013-2018)
    Figure China Auto Insurance Market Size (Million USD) and Growth Rate by Regions (2013-2018)
    Figure Japan Auto Insurance Market Size (Million USD) and Growth Rate by Regions (2013-2018)
    Figure Southeast Asia Auto Insurance Market Size (Million USD) and Growth Rate by Regions (2013-2018)
    Figure India Auto Insurance Market Size (Million USD) and Growth Rate by Regions (2013-2018)
    Table Global Auto Insurance Revenue (Million USD) and Growth Rate (%) Comparison by Product (2013-2018)
    Figure Global Auto Insurance Revenue Market Share by Type in 2017
    Figure Liability Car Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Figure Physical Damage Car Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Figure Rental Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Figure Global Auto Insurance Market Share by Application in 2017
    Figure Auto Insurance Market Size (Million USD) and Growth Rate in Cars (2013-2018)
    Figure Auto Insurance Market Size (Million USD) and Growth Rate in Truck (2013-2018)
    Figure Auto Insurance Market Size (Million USD) and Growth Rate in SUVs (2013-2018)
    Table Auto Insurance Market Size (Million USD) by Players (2013-2018)
    Figure Auto Insurance Market Size Share by Players in 2013
    Figure Auto Insurance Market Size Share by Players in 2017
    Table Allianz Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of Allianz (2013-2018)
    Figure Allianz Auto Insurance Business Revenue Market Share (2013-2018)
    Table USAA Property & Casualty Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of USAA Property & Casualty (2013-2018)
    Figure USAA Property & Casualty Auto Insurance Business Revenue Market Share (2013-2018)
    Table Amica Insurance Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of Amica Insurance (2013-2018)
    Figure Amica Insurance Auto Insurance Business Revenue Market Share (2013-2018)
    Table New Jersey Manufacturers Insurance Company Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of New Jersey Manufacturers Insurance Company (2013-2018)
    Figure New Jersey Manufacturers Insurance Company Auto Insurance Business Revenue Market Share (2013-2018)
    Table Erie Insurance Group Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of Erie Insurance Group (2013-2018)
    Figure Erie Insurance Group Auto Insurance Business Revenue Market Share (2013-2018)
    Table Auto Club Enterprises Insurance Group Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of Auto Club Enterprises Insurance Group (2013-2018)
    Figure Auto Club Enterprises Insurance Group Auto Insurance Business Revenue Market Share (2013-2018)
    Table Auto Club Insurance Association Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of Auto Club Insurance Association (2013-2018)
    Figure Auto Club Insurance Association Auto Insurance Business Revenue Market Share (2013-2018)
    Table Auto-Owners Insurance Group of Companies Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of Auto-Owners Insurance Group of Companies (2013-2018)
    Figure Auto-Owners Insurance Group of Companies Auto Insurance Business Revenue Market Share (2013-2018)
    Table Ameriprise Financial (IDS) Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of Ameriprise Financial (IDS) (2013-2018)
    Figure Ameriprise Financial (IDS) Auto Insurance Business Revenue Market Share (2013-2018)
    Table State Farm Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of State Farm (2013-2018)
    Figure State Farm Auto Insurance Business Revenue Market Share (2013-2018)
    Table State Auto Insurance Companies Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of State Auto Insurance Companies (2013-2018)
    Figure State Auto Insurance Companies Auto Insurance Business Revenue Market Share (2013-2018)
    Table Mercury Basic Information List
    Table Auto Insurance Business Revenue (Million USD) of Mercury (2013-2018)
    Figure Mercury Auto Insurance Business Revenue Market Share (2013-2018)
    Table Geico Basic Information List
    Table Global Auto Insurance Market Size (Million USD) by Product (2013-2018)
    Figure Global Auto Insurance Revenue Market Share (%) by Product (2013-2018)
    Figure Global Auto Insurance Market Share by Product in 2017
    Table Global Auto Insurance Market Size by Application (2013-2018)
    Figure Global Auto Insurance Revenue Market Share (%) by Application in 2017
    Table Top Consumer/End Users of Auto Insurance
    Figure United States Auto Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Table United States Auto Insurance Market Size (Million USD) by Players (2013-2018)
    Figure United States Auto Insurance Market Size Share by Players in 2013
    Figure United States Auto Insurance Market Size Share by Players in 2017
    Table United States Auto Insurance Market Size by Application (2013-2018)
    Figure United States Auto Insurance Revenue Market Share (%) by Application (2013-2018)
    Figure United States Auto Insurance Market Size Share by Application in 2017
    Figure Europe Auto Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Table Europe Auto Insurance Market Size (Million USD) by Players (2013-2018)
    Figure Europe Auto Insurance Market Size Share by Players in 2013
    Figure Europe Auto Insurance Market Size Share by Players in 2017
    Table Europe Auto Insurance Market Size by Application (2013-2018)
    Figure Europe Auto Insurance Revenue Market Share (%) by Application (2013-2018)
    Figure Europe Auto Insurance Market Size Share by Application in 2017
    Figure China Auto Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Table China Auto Insurance Market Size (Million USD) by Players (2013-2018)
    Figure China Auto Insurance Market Size Share by Players in 2013
    Figure China Auto Insurance Market Size Share by Players in 2017
    Table China Auto Insurance Market Size by Application (2013-2018)
    Figure China Auto Insurance Revenue Market Share (%) by Application (2013-2018)
    Figure China Auto Insurance Market Size Share by Application in 2017
    Figure Japan Auto Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Table Japan Auto Insurance Market Size (Million USD) by Players (2013-2018)
    Figure Japan Auto Insurance Market Size Share by Players in 2013
    Figure Japan Auto Insurance Market Size Share by Players in 2017
    Table Japan Auto Insurance Market Size by Application (2013-2018)
    Figure Japan Auto Insurance Revenue Market Share (%) by Application (2013-2018)
    Figure Japan Auto Insurance Market Size Share by Application in 2017
    Figure Southeast Asia Auto Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Table Southeast Asia Auto Insurance Market Size (Million USD) by Players (2013-2018)
    Figure Southeast Asia Auto Insurance Market Size Share by Players in 2013
    Figure Southeast Asia Auto Insurance Market Size Share by Players in 2017
    Table Southeast Asia Auto Insurance Market Size by Application (2013-2018)
    Figure Southeast Asia Auto Insurance Revenue Market Share (%) by Application (2013-2018)
    Figure Southeast Asia Auto Insurance Market Size Share by Application in 2017
    Figure India Auto Insurance Market Size (Million USD) and Growth Rate (2013-2018)
    Table India Auto Insurance Market Size (Million USD) by Players (2013-2018)
    Figure India Auto Insurance Market Size Share by Players in 2013
    Figure India Auto Insurance Market Size Share by Players in 2017
    Table India Auto Insurance Market Size by Application (2013-2018)
    Figure India Auto Insurance Revenue Market Share (%) by Application (2013-2018)
    Figure India Auto Insurance Market Size Share by Application in 2017
    Figure Global Auto Insurance Market Size and Growth Rate (2018-2025)
    Table Global Auto Insurance Market Size (Million USD) by Regions (2018-2025)
    Figure Global Auto Insurance Market Size Share (2018-2025)
    Figure Global Auto Insurance Market Size Share by Regions in 2025
    Figure United States Auto Insurance Revenue (Million USD) and Growth Rate (2018-2025)
    Figure Europe Auto Insurance Revenue (Million USD) and Growth Rate (2018-2025)
    Figure China Auto Insurance Revenue (Million USD) and Growth Rate (2018-2025)
    Figure Japan Auto Insurance Revenue (Million USD) and Growth Rate (2018-2025)
    Figure Southeast Asia Auto Insurance Revenue (Million USD) and Growth Rate (2018-2025)
    Figure India Auto Insurance Revenue (Million USD) and Growth Rate (2018-2025)
    Table Global Auto Insurance Market Size (Million USD) by Type (2018-2025)
    Figure Global Auto Insurance Market Size Share by Type in 2018
    Figure Global Auto Insurance Market Size Share by Type in 2025
    Table Global Auto Insurance Market Size (Million USD) by Application (2018-2025)
    Figure Global Auto Insurance Market Size (Million USD) by Application in 2018 



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