Auto Insurance Market by Coverage (Third Party Liability Coverage, Collision/Comprehensive/Other Optional Coverages) , by Distribution Channel (Insurance Agents/Brokers, Direct Response, Banks, Others) by Vehicle Age (New Vehicles, Used Vehicles) by Application (Personal, Commerical) : Global Opportunity Analysis and Industry Forecast, 2024-2032

A02119

Pages: 350

Charts: 61

Tables: 178

Reports Overview

Auto Insurance Market Research, 2032

The global auto insurance market size was valued at $923.4 billion in 2023, and is projected to reach $2,274.8 billion by 2032, growing at a CAGR of 10.8% from 2024 to 2032.

Auto insurance is a contract between the user and the insurance company that protects the user against financial loss in the event of an accident or theft. In exchange for the user’s paying a premium, the insurance company agrees to pay the losses as outlined in the policy. Auto insurance provides financial protection to customers against physical damage, resulting from traffic collisions and theft of vehicles. In addition, it covers the cost associated with injuries, death, or property damage caused by the insured owner of the vehicle to another driver, vehicle, or property such as a fence, building, or utility pole in auto insurance sector.

Key Takeaways

The global market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.

More than 1,500 product literatures, industry releases, annual reports, and other such documents of major market industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.

The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.

Key Market Segments

By Coverage
- Third Party Liability Coverage
- Collision/Comprehensive/Other Optional Coverages
By Distribution Channel
- Insurance Agents/Brokers
- Direct Response
- Banks
- Others
By Vehicle Age
- New Vehicles
- Used Vehicles
By Application
- Personal
- Commerical
By Region
- North America
  - U.S.
  - Canada
- Europe
  - France
  - Germany
  - Italy
  - Spain
  - UK
  - Rest of Europe
- Asia-Pacific
  - China
  - Japan
  - India
  - South Korea
  - Australia
  - Rest of Asia-Pacific
- Latin America
  - Brazil
  - Argentina
  - Colombia
  - Rest of Latin America
- MEA
  - Saudi Arabia
  - South Africa
  - UAE
  - Rest of MEA

Key Market Players

Allianz
CHINA PACIFIC INSURANCE CO.
Ping An Insurance (Group) Company of China, Ltd.
Berkshire Hathaway Inc.
People's Insurance Company of China
Allstate Insurance Company
Admiral Group PLC
Tokio Marine Group
State Farm Mutual
Automobile Insurance

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A02119

Pages: 350

Charts: 61

Tables: 178

Auto Insurance Market Research, 2032

Key Takeaways

CHAPTER 1: INTRODUCTION

1.1. Report Description

1.2. Key Market Segments

1.3. Key Benefits

1.4. Research Methodology

1.4.1. Primary Research

1.4.2. Secondary Research

1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope

3.2. Key Findings

3.2.1. Top Investment Pockets

3.2.2. Top Winning Strategies

3.3. Porter's Five Forces Analysis

3.3.1. Bargaining Power of Suppliers

3.3.2. Threat of New Entrants

3.3.3. Threat of Substitutes

3.3.4. Competitive Rivalry

3.3.5. Bargaining Power among Buyers

3.5. Market Dynamics

3.5.1. Drivers

3.5.2. Restraints

3.5.3. Opportunities

CHAPTER 4: AUTO INSURANCE MARKET, BY COVERAGE

4.1. Market Overview

4.1.1 Market Size and Forecast, By Coverage

4.2. Third Party Liability Coverage

4.2.1. Key Market Trends, Growth Factors and Opportunities

4.2.2. Market Size and Forecast, By Region

4.2.3. Market Share Analysis, By Country

4.3. Collision/Comprehensive/Other Optional Coverages

4.3.1. Key Market Trends, Growth Factors and Opportunities

4.3.2. Market Size and Forecast, By Region

4.3.3. Market Share Analysis, By Country

CHAPTER 5: AUTO INSURANCE MARKET, BY DISTRIBUTION CHANNEL

5.1. Market Overview

5.1.1 Market Size and Forecast, By Distribution Channel

5.2. Insurance Agents/Brokers

5.2.1. Key Market Trends, Growth Factors and Opportunities

5.2.2. Market Size and Forecast, By Region

5.2.3. Market Share Analysis, By Country

5.3. Direct Response

5.3.1. Key Market Trends, Growth Factors and Opportunities

5.3.2. Market Size and Forecast, By Region

5.3.3. Market Share Analysis, By Country

5.4. Banks

5.4.1. Key Market Trends, Growth Factors and Opportunities

5.4.2. Market Size and Forecast, By Region

5.4.3. Market Share Analysis, By Country

5.5. Others

5.5.1. Key Market Trends, Growth Factors and Opportunities

5.5.2. Market Size and Forecast, By Region

5.5.3. Market Share Analysis, By Country

CHAPTER 6: AUTO INSURANCE MARKET, BY VEHICLE AGE

6.1. Market Overview

6.1.1 Market Size and Forecast, By Vehicle Age

6.2. New Vehicles

6.2.1. Key Market Trends, Growth Factors and Opportunities

6.2.2. Market Size and Forecast, By Region

6.2.3. Market Share Analysis, By Country

6.3. Used Vehicles

6.3.1. Key Market Trends, Growth Factors and Opportunities

6.3.2. Market Size and Forecast, By Region

6.3.3. Market Share Analysis, By Country

CHAPTER 7: AUTO INSURANCE MARKET, BY APPLICATION

7.1. Market Overview

7.1.1 Market Size and Forecast, By Application

7.2. Personal

7.2.1. Key Market Trends, Growth Factors and Opportunities

7.2.2. Market Size and Forecast, By Region

7.2.3. Market Share Analysis, By Country

7.3. Commerical