The global Automotive UBI (Usage-based Insurance) market size was valued at US$ 2620 million in 2023 and is forecast to a readjusted size of USD 8436 million by 2030 with a CAGR of 17.9% during review period.
Automotive Usage-Based Insurance (UBI) is an innovative insurance model that calculates premiums based on a driver’s actual behavior and usage patterns rather than relying solely on traditional factors like demographics or vehicle type. By leveraging telematics technology, UBI programs monitor metrics such as driving distance, speed, acceleration, braking, and time of day to assess risk and personalize insurance rates. This approach benefits safe drivers with lower premiums while encouraging responsible driving habits. UBI is often delivered through devices like onboard diagnostics (OBD) dongles, mobile apps, or factory-installed vehicle telematics systems. The model has gained popularity due to advancements in connected car technology, increased consumer demand for fairer pricing, and the insurance industry's push for data-driven risk management.
The automotive Usage-Based Insurance (UBI) market is experiencing significant growth, driven by advancements in telematics, increasing consumer demand for personalized insurance plans, and the global push toward connected vehicle ecosystems. UBI offers insurers a data-driven approach to assess risk more accurately, resulting in fairer premiums for customers and incentives for safer driving behavior. Key factors fueling market expansion include rising adoption of telematics devices, the proliferation of smartphones, and regulatory frameworks supporting data-sharing in the automotive industry. Regions like North America and Europe lead the market due to high penetration of connected cars, while emerging economies in Asia-Pacific are witnessing rapid adoption as insurers tap into growing vehicle ownership and digital infrastructure. Competitive differentiation among UBI providers centers on technology integration, customer experience, and value-added services like real-time driving feedback and rewards programs, positioning the market as a critical component of the future insurance landscape.
This report is a detailed and comprehensive analysis for global Automotive UBI (Usage-based Insurance) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Automotive UBI (Usage-based Insurance) market size and forecasts, in consumption value ($ Million), 2019-2030
Global Automotive UBI (Usage-based Insurance) market size and forecasts by region and country, in consumption value ($ Million), 2019-2030
Global Automotive UBI (Usage-based Insurance) market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030
Global Automotive UBI (Usage-based Insurance) market shares of main players, in revenue ($ Million), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Automotive UBI (Usage-based Insurance)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Automotive UBI (Usage-based Insurance) market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allstate Insurance, GEICO, Nationwide Mutual Insurance, Progressive Corporation, Root Insurance, State Farm, Amica Mutual Insurance, ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð, Intact Insurance, ADAC Autoversicherung AG, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Automotive UBI (Usage-based Insurance) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Pay as You Drive (PAYD)
Pay How You Drive (PHYD)
Market segment by Application
Personal
Business
Market segment by players, this report covers
Allstate Insurance
GEICO
Nationwide Mutual Insurance
Progressive Corporation
Root Insurance
State Farm
Amica Mutual Insurance
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Intact Insurance
ADAC Autoversicherung AG
AXA
Flitter
Miles Ltd.
Unipol
Bajaj Allianz General Insurance
Hotai Insurance
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Automotive UBI (Usage-based Insurance) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Automotive UBI (Usage-based Insurance), with revenue, gross margin, and global market share of Automotive UBI (Usage-based Insurance) from 2019 to 2024.
Chapter 3, the Automotive UBI (Usage-based Insurance) competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Automotive UBI (Usage-based Insurance) market forecast, by regions, by Type and by Application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Automotive UBI (Usage-based Insurance).
Chapter 13, to describe Automotive UBI (Usage-based Insurance) research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Automotive UBI (Usage-based Insurance) by Type
1.3.1 Overview: Global Automotive UBI (Usage-based Insurance) Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Automotive UBI (Usage-based Insurance) Consumption Value Market Share by Type in 2023
1.3.3 Pay as You Drive (PAYD)
1.3.4 Pay How You Drive (PHYD)
1.4 Global Automotive UBI (Usage-based Insurance) Market by Application
1.4.1 Overview: Global Automotive UBI (Usage-based Insurance) Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Personal
1.4.3 Business
1.5 Global Automotive UBI (Usage-based Insurance) Market Size & Forecast
1.6 Global Automotive UBI (Usage-based Insurance) Market Size and Forecast by Region
1.6.1 Global Automotive UBI (Usage-based Insurance) Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Automotive UBI (Usage-based Insurance) Market Size by Region, (2019-2030)
1.6.3 North America Automotive UBI (Usage-based Insurance) Market Size and Prospect (2019-2030)
1.6.4 Europe Automotive UBI (Usage-based Insurance) Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Automotive UBI (Usage-based Insurance) Market Size and Prospect (2019-2030)
1.6.6 South America Automotive UBI (Usage-based Insurance) Market Size and Prospect (2019-2030)
1.6.7 Middle East & Africa Automotive UBI (Usage-based Insurance) Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 Allstate Insurance
2.1.1 Allstate Insurance Details
2.1.2 Allstate Insurance Major Business
2.1.3 Allstate Insurance Automotive UBI (Usage-based Insurance) Product and Solutions
2.1.4 Allstate Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Allstate Insurance Recent Developments and Future Plans
2.2 GEICO
2.2.1 GEICO Details
2.2.2 GEICO Major Business
2.2.3 GEICO Automotive UBI (Usage-based Insurance) Product and Solutions
2.2.4 GEICO Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 GEICO Recent Developments and Future Plans
2.3 Nationwide Mutual Insurance
2.3.1 Nationwide Mutual Insurance Details
2.3.2 Nationwide Mutual Insurance Major Business
2.3.3 Nationwide Mutual Insurance Automotive UBI (Usage-based Insurance) Product and Solutions
2.3.4 Nationwide Mutual Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Nationwide Mutual Insurance Recent Developments and Future Plans
2.4 Progressive Corporation
2.4.1 Progressive Corporation Details
2.4.2 Progressive Corporation Major Business
2.4.3 Progressive Corporation Automotive UBI (Usage-based Insurance) Product and Solutions
2.4.4 Progressive Corporation Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Progressive Corporation Recent Developments and Future Plans
2.5 Root Insurance
2.5.1 Root Insurance Details
2.5.2 Root Insurance Major Business
2.5.3 Root Insurance Automotive UBI (Usage-based Insurance) Product and Solutions
2.5.4 Root Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Root Insurance Recent Developments and Future Plans
2.6 State Farm
2.6.1 State Farm Details
2.6.2 State Farm Major Business
2.6.3 State Farm Automotive UBI (Usage-based Insurance) Product and Solutions
2.6.4 State Farm Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 State Farm Recent Developments and Future Plans
2.7 Amica Mutual Insurance
2.7.1 Amica Mutual Insurance Details
2.7.2 Amica Mutual Insurance Major Business
2.7.3 Amica Mutual Insurance Automotive UBI (Usage-based Insurance) Product and Solutions
2.7.4 Amica Mutual Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Amica Mutual Insurance Recent Developments and Future Plans
2.8 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð
2.8.1 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Details
2.8.2 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Major Business
2.8.3 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Automotive UBI (Usage-based Insurance) Product and Solutions
2.8.4 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 ´¡³¾±ð°ù¾±³¦²¹²ÔÌý¹ó²¹³¾¾±±ô²âÌý±õ²Ô²õ³Ü°ù²¹²Ô³¦±ð Recent Developments and Future Plans
2.9 Intact Insurance
2.9.1 Intact Insurance Details
2.9.2 Intact Insurance Major Business
2.9.3 Intact Insurance Automotive UBI (Usage-based Insurance) Product and Solutions
2.9.4 Intact Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Intact Insurance Recent Developments and Future Plans
2.10 ADAC Autoversicherung AG
2.10.1 ADAC Autoversicherung AG Details
2.10.2 ADAC Autoversicherung AG Major Business
2.10.3 ADAC Autoversicherung AG Automotive UBI (Usage-based Insurance) Product and Solutions
2.10.4 ADAC Autoversicherung AG Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 ADAC Autoversicherung AG Recent Developments and Future Plans
2.11 AXA
2.11.1 AXA Details
2.11.2 AXA Major Business
2.11.3 AXA Automotive UBI (Usage-based Insurance) Product and Solutions
2.11.4 AXA Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 AXA Recent Developments and Future Plans
2.12 Flitter
2.12.1 Flitter Details
2.12.2 Flitter Major Business
2.12.3 Flitter Automotive UBI (Usage-based Insurance) Product and Solutions
2.12.4 Flitter Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 Flitter Recent Developments and Future Plans
2.13 Miles Ltd.
2.13.1 Miles Ltd. Details
2.13.2 Miles Ltd. Major Business
2.13.3 Miles Ltd. Automotive UBI (Usage-based Insurance) Product and Solutions
2.13.4 Miles Ltd. Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.13.5 Miles Ltd. Recent Developments and Future Plans
2.14 Unipol
2.14.1 Unipol Details
2.14.2 Unipol Major Business
2.14.3 Unipol Automotive UBI (Usage-based Insurance) Product and Solutions
2.14.4 Unipol Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.14.5 Unipol Recent Developments and Future Plans
2.15 Bajaj Allianz General Insurance
2.15.1 Bajaj Allianz General Insurance Details
2.15.2 Bajaj Allianz General Insurance Major Business
2.15.3 Bajaj Allianz General Insurance Automotive UBI (Usage-based Insurance) Product and Solutions
2.15.4 Bajaj Allianz General Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.15.5 Bajaj Allianz General Insurance Recent Developments and Future Plans
2.16 Hotai Insurance
2.16.1 Hotai Insurance Details
2.16.2 Hotai Insurance Major Business
2.16.3 Hotai Insurance Automotive UBI (Usage-based Insurance) Product and Solutions
2.16.4 Hotai Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
2.16.5 Hotai Insurance Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Automotive UBI (Usage-based Insurance) Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Automotive UBI (Usage-based Insurance) by Company Revenue
3.2.2 Top 3 Automotive UBI (Usage-based Insurance) Players Market Share in 2023
3.2.3 Top 6 Automotive UBI (Usage-based Insurance) Players Market Share in 2023
3.3 Automotive UBI (Usage-based Insurance) Market: Overall Company Footprint Analysis
3.3.1 Automotive UBI (Usage-based Insurance) Market: Region Footprint
3.3.2 Automotive UBI (Usage-based Insurance) Market: Company Product Type Footprint
3.3.3 Automotive UBI (Usage-based Insurance) Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Automotive UBI (Usage-based Insurance) Consumption Value and Market Share by Type (2019-2024)
4.2 Global Automotive UBI (Usage-based Insurance) Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Automotive UBI (Usage-based Insurance) Consumption Value Market Share by Application (2019-2024)
5.2 Global Automotive UBI (Usage-based Insurance) Market Forecast by Application (2025-2030)
6 North America
6.1 North America Automotive UBI (Usage-based Insurance) Consumption Value by Type (2019-2030)
6.2 North America Automotive UBI (Usage-based Insurance) Market Size by Application (2019-2030)
6.3 North America Automotive UBI (Usage-based Insurance) Market Size by Country
6.3.1 North America Automotive UBI (Usage-based Insurance) Consumption Value by Country (2019-2030)
6.3.2 United States Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
6.3.3 Canada Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
6.3.4 Mexico Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Automotive UBI (Usage-based Insurance) Consumption Value by Type (2019-2030)
7.2 Europe Automotive UBI (Usage-based Insurance) Consumption Value by Application (2019-2030)
7.3 Europe Automotive UBI (Usage-based Insurance) Market Size by Country
7.3.1 Europe Automotive UBI (Usage-based Insurance) Consumption Value by Country (2019-2030)
7.3.2 Germany Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
7.3.3 France Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
7.3.5 Russia Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
7.3.6 Italy Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Automotive UBI (Usage-based Insurance) Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Automotive UBI (Usage-based Insurance) Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Automotive UBI (Usage-based Insurance) Market Size by Region
8.3.1 Asia-Pacific Automotive UBI (Usage-based Insurance) Consumption Value by Region (2019-2030)
8.3.2 China Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
8.3.3 Japan Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
8.3.4 South Korea Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
8.3.5 India Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
8.3.7 Australia Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
9 South America
9.1 South America Automotive UBI (Usage-based Insurance) Consumption Value by Type (2019-2030)
9.2 South America Automotive UBI (Usage-based Insurance) Consumption Value by Application (2019-2030)
9.3 South America Automotive UBI (Usage-based Insurance) Market Size by Country
9.3.1 South America Automotive UBI (Usage-based Insurance) Consumption Value by Country (2019-2030)
9.3.2 Brazil Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
9.3.3 Argentina Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Automotive UBI (Usage-based Insurance) Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Automotive UBI (Usage-based Insurance) Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Automotive UBI (Usage-based Insurance) Market Size by Country
10.3.1 Middle East & Africa Automotive UBI (Usage-based Insurance) Consumption Value by Country (2019-2030)
10.3.2 Turkey Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
10.3.4 UAE Automotive UBI (Usage-based Insurance) Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Automotive UBI (Usage-based Insurance) Market Drivers
11.2 Automotive UBI (Usage-based Insurance) Market Restraints
11.3 Automotive UBI (Usage-based Insurance) Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Automotive UBI (Usage-based Insurance) Industry Chain
12.2 Automotive UBI (Usage-based Insurance) Upstream Analysis
12.3 Automotive UBI (Usage-based Insurance) Midstream Analysis
12.4 Automotive UBI (Usage-based Insurance) Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
Allstate Insurance
GEICO
Nationwide Mutual Insurance
Progressive Corporation
Root Insurance
State Farm
Amica Mutual Insurance
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Intact Insurance
ADAC Autoversicherung AG
AXA
Flitter
Miles Ltd.
Unipol
Bajaj Allianz General Insurance
Hotai Insurance
Ìý
Ìý
*If Applicable.