https://www.acumenresearchandconsulting.com/
Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

Vehicle Insurance Market (By Coverage: Third Party Only, Third Party Fire & Theft Insurance, Comprehensive Insurance; Vehicle Type: By Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)/Trucks & Buses; By Distribution Channel: Insurance Agents/Brokers, Direct Response, Banks, Others; By Application: Personal, Commercial) – Global Industry Analysis, Market Size, Opportunities And Forecast 2020 - 2027

Published : Mar 2021

Report ID: ARC2498

Pages : 190

Format : Vehicle Insurance Market (By Coverage: Third Party Only, Third Party Fire & Theft Insurance, Comprehensive Insurance; Vehicle Type: By Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)/Trucks & Buses; By Distribution Channel: Insurance Agents/Brokers, Direct Response, Banks, Others; By Application: Personal, Commercial) – Global Industry Analysis, Market Size, Opportunities And Forecast 2020 - 2027

CHAPTER 1. Industry Overview of Vehicle Insurance
1.1. Definition and Scope 
1.1.1. Definition of Vehicle Insurance
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Vehicle Insurance Market
1.2. Summary
1.2.1. Executive Summary 
1.2.2. Vehicle Insurance Market By Coverage
1.2.3. Vehicle Insurance Market By Vehicle Type
1.2.4. Vehicle Insurance Market By Distribution Channel
1.2.5. Vehicle Insurance Market By Application
1.2.6. Vehicle Insurance Market by Regions

CHAPTER 2. Research Approach
2.1. Methodology 
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources

CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2 
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Vehicle Insurance Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Vehicle Insurance Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers 
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2019
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players

CHAPTER 4. Vehicle Insurance Market By Coverage
4.1. Introduction
4.2. Vehicle Insurance Revenue By Coverage
4.2.1. Vehicle Insurance Revenue (US$ Mn) and Forecast, By Coverage, 2016-2027
4.2.2. Third party only 
4.2.2.1. Third party only Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Third party fire & theft Insurance 
4.2.3.1. Third party fire & theft Insurance Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Comprehensive Insurance 
4.2.4.1. Comprehensive Insurance Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027

CHAPTER 5. Vehicle Insurance Market By Vehicle Type
5.1. Introduction
5.2. Vehicle Insurance Revenue By Vehicle Type
5.2.1. Vehicle Insurance Revenue (US$ Mn) and Forecast, By Vehicle Type, 2016-2027
5.2.2. Passenger Cars 
5.2.2.1. Commercial & Industrial Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Light Commercial Vehicle (LCV)
5.2.3.1. Light Commercial Vehicle (LCV) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Heavy Commercial Vehicle (HCV)/trucks & buses 
5.2.4.1. Heavy Commercial Vehicle (HCV)/Trucks & Buses Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027

CHAPTER 6. Vehicle Insurance Market Revenue By Distribution Channel
6.1. Introduction
6.2. Vehicle Insurance Revenue (US$ Mn) By Distribution Channel
6.2.1. Vehicle Insurance Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
6.2.2. Insurance Agents/Brokers  
6.2.2.1. Insurance Agents/Brokers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Direct Response  
6.2.3.1. Direct Response  Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Banks  
6.2.4.1. Banks Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Others 
6.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027

CHAPTER 7. Vehicle Insurance Market By Application 
7.1. Introduction
7.2. Vehicle Insurance Revenue (US$ Mn) By Application
7.2.1. Vehicle Insurance Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
7.2.2. Personal  
7.2.2.1. Personal Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Commercial  
7.2.3.1. Commercial Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027

CHAPTER 8. North America Vehicle Insurance Market By Country 
8.1. North America Vehicle Insurance Overview
8.2. U.S.
8.2.1. U.S. Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
8.2.2. U.S. Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
8.2.3. U.S. Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
8.2.4. U.S. Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Canada
8.3.1. Canada Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
8.3.2. Canada Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
8.3.3. Canada Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
8.3.4. Canada Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. North America PEST Analysis

CHAPTER 9. Europe Vehicle Insurance Market By Country
9.1. Europe Vehicle Insurance Market Overview
9.2. U.K.
9.2.1. U.K. Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
9.2.2. U.K. Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.2.3. U.K. Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.2.4. U.K. Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3. Germany
9.3.1. Germany Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
9.3.2. Germany Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.3.3. Germany Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.3.4. Germany Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4. France 
9.4.1. France Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
9.4.2. France Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.4.3. France Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.4.4. France Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5. Spain
9.5.1. Spain Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
9.5.2. Spain Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.5.3. Spain Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.5.4. Spain Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
9.6.2. Rest of Europe Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.6.3. Rest of Europe Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.6.4. Rest of Europe Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.7. Europe PEST Analysis

CHAPTER 10. Asia Pacific Vehicle Insurance Market By Country
10.1. Asia Pacific Vehicle Insurance Market Overview
10.2. China
10.2.1. China Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
10.2.2. China Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.2.3. China Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.2.4. China Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Japan
10.3.1. Japan Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
10.3.2. Japan Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.3.3. Japan Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.3.4. Japan Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. India
10.4.1. India Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
10.4.2. India Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.4.3. India Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.4.4. India Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5. Australia
10.5.1. Australia Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
10.5.2. Australia Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.5.3. Australia Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.5.4. Australia Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
10.6.2. South Korea Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.6.3. South Korea Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.6.4. South Korea Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
10.7.2. Rest of Asia-Pacific Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.7.3. Rest of Asia-Pacific Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.7.4. Rest of Asia-Pacific Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.8. Asia Pacific PEST Analysis

CHAPTER 11. Latin America Vehicle Insurance Market By Country
11.1. Latin America Vehicle Insurance Market Overview
11.2. Brazil
11.2.1. Brazil Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
11.2.2. Brazil Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.2.3. Brazil Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
11.2.4. Brazil Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
11.3.2. Mexico Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.3.3. Mexico Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
11.3.4. Mexico Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
11.4.2. Rest of Latin America Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.4.3. Rest of Latin America Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
11.4.4. Rest of Latin America Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027

CHAPTER 12. Middle East & Africa Vehicle Insurance Market By Country 
12.1. Middle East & Africa Vehicle Insurance Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
12.2.2. Saudi Arabia Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.2.3. Saudi Arabia Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
12.2.4. Saudi Arabia Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3. UAE
12.3.1. UAE Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
12.3.2. UAE Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.3.3. UAE Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
12.3.4. UAE Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Coverage, 2016-2027
12.4.2. Rest of Middle East & Africa Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.4.3. Rest of Middle East & Africa Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
12.4.4. Rest of Middle East & Africa Vehicle Insurance Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027

CHAPTER 13. Player Analysis Of Vehicle Insurance
13.1. Vehicle Insurance Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Vehicle Insurance Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 14. COMPANY PROFILE
14.1. Admiral Group Plc 
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Admiral Group Plc 2019 Vehicle Insurance Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Allianz SE
14.3. Allstate Insurance Company
14.4. Berkshire Hathaway Inc.
14.5. China Pacific Insurance (Group) Co., Ltd. 
14.6. GEICO 
14.7. People’s Insurance Company of China
14.8. Ping An Insurance (Group) Company of China, Ltd.
14.9. State Farm Mutual Automobile Insurance Company
14.10. Tokio Marine Group
14.11. Others

Frequently Asked Questions

What will be the market value of the global vehicle insurance market?

The market for Vehicle Insurance is expected to reach a market value of around US$ 1,096.2 Bn by 2027.

At what CAGR, the vehicle insurance market is expected to grow during the forecast period (2020-2027)?

The Vehicle Insurance market is expected to grow at a CAGR of around 5.9% from 2020 to 2027.

Which is the leading segment by coverage in the vehicle insurance market?

Third party only is the leading segment by coverage in the vehicle insurance market

What are the key drivers of the global vehicle insurance market?

The rising number of road accidents across the globe, implementation of stringent government regulations for the adoption of auto insurance, and increasing automobile sales globally due to surging per capita income of consumers are some of the key drivers of the global vehicle insurance market.

Which are the prominent players in the vehicle insurance market?

Admiral Group Plc, Allianz SE, Allstate Insurance Company, Berkshire Hathaway Inc., China Pacific Insurance (Group) Co., Ltd., GEICO, People’s Insurance Company of China, Ping An Insurance (Group) Company of China, Ltd., State Farm Mutual Automobile Insurance Company, and Tokio Marine Group are the prominent players in the market.

Which region held the highest market share in the vehicle insurance market?

Asia Pacific held the highest market share in the vehicle insurance market

Which region is expected to be the fastest growing market over the forecast period?

Asia Pacific is expected to be the fastest growing market over the forecast period

Select Licence Type

Single User

US$ 4500

Multi User

US$ 7000

Excel Datapack

US$ 2000

Why Acumen Research And Consulting

100%

Customer Satisfaction

24x7

Availability - we are always there when you need us

200+

Fortune 50 Companies trust Acumen Research and Consulting

80%

of our reports are exclusive and first in the industry

100%

more data and analysis

1000+

reports published till date