The global Automotive UBI (Usage-based Insurance) market size is predicted to grow from US$ 2988 million in 2024 to US$ 8486 million in 2030; it is expected to grow at a CAGR of 19.0% from 2024 to 2030.
Automotive Usage-Based Insurance (UBI) is an innovative insurance model that calculates premiums based on a driver鈥檚 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.
The 鈥淎utomotive UBI (Usage-based Insurance) Industry Forecast鈥� looks at past sales and reviews total world Automotive UBI (Usage-based Insurance) sales in 2023, providing a comprehensive analysis by region and market sector of projected Automotive UBI (Usage-based Insurance) sales for 2024 through 2030. With Automotive UBI (Usage-based Insurance) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive UBI (Usage-based Insurance) industry.
This Insight Report provides a comprehensive analysis of the global Automotive UBI (Usage-based Insurance) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Automotive UBI (Usage-based Insurance) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Automotive UBI (Usage-based Insurance) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive UBI (Usage-based Insurance) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive UBI (Usage-based Insurance).
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive UBI (Usage-based Insurance) market by product type, application, key players and key regions and countries.
Segmentation by Type:
Pay as You Drive (PAYD)
Pay How You Drive (PHYD)
Segmentation by Application:
Personal
Business
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Allstate Insurance
GEICO
Nationwide Mutual Insurance
Progressive Corporation
Root Insurance
State Farm
Amica Mutual Insurance
础尘别谤颈肠补苍听贵补尘颈濒测听滨苍蝉耻谤补苍肠别
Intact Insurance
ADAC Autoversicherung AG
AXA
Flitter
Miles Ltd.
Unipol
Bajaj Allianz General Insurance
Hotai Insurance
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Automotive UBI (Usage-based Insurance) Market Size 2019-2030
2.1.2 Automotive UBI (Usage-based Insurance) Market Size CAGR by Region (2019 VS 2023 VS 2030)
2.1.3 World Current & Future Analysis for Automotive UBI (Usage-based Insurance) by Country/Region, 2019, 2023 & 2030
2.2 Automotive UBI (Usage-based Insurance) Segment by Type
2.2.1 Pay as You Drive (PAYD)
2.2.2 Pay How You Drive (PHYD)
2.3 Automotive UBI (Usage-based Insurance) Market Size by Type
2.3.1 Automotive UBI (Usage-based Insurance) Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Automotive UBI (Usage-based Insurance) Market Size Market Share by Type (2019-2024)
2.4 Automotive UBI (Usage-based Insurance) Segment by Application
2.4.1 Personal
2.4.2 Business
2.5 Automotive UBI (Usage-based Insurance) Market Size by Application
2.5.1 Automotive UBI (Usage-based Insurance) Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Automotive UBI (Usage-based Insurance) Market Size Market Share by Application (2019-2024)
3 Automotive UBI (Usage-based Insurance) Market Size by Player
3.1 Automotive UBI (Usage-based Insurance) Market Size Market Share by Player
3.1.1 Global Automotive UBI (Usage-based Insurance) Revenue by Player (2019-2024)
3.1.2 Global Automotive UBI (Usage-based Insurance) Revenue Market Share by Player (2019-2024)
3.2 Global Automotive UBI (Usage-based Insurance) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Automotive UBI (Usage-based Insurance) by Region
4.1 Automotive UBI (Usage-based Insurance) Market Size by Region (2019-2024)
4.2 Global Automotive UBI (Usage-based Insurance) Annual Revenue by Country/Region (2019-2024)
4.3 Americas Automotive UBI (Usage-based Insurance) Market Size Growth (2019-2024)
4.4 APAC Automotive UBI (Usage-based Insurance) Market Size Growth (2019-2024)
4.5 Europe Automotive UBI (Usage-based Insurance) Market Size Growth (2019-2024)
4.6 Middle East & Africa Automotive UBI (Usage-based Insurance) Market Size Growth (2019-2024)
5 Americas
5.1 Americas Automotive UBI (Usage-based Insurance) Market Size by Country (2019-2024)
5.2 Americas Automotive UBI (Usage-based Insurance) Market Size by Type (2019-2024)
5.3 Americas Automotive UBI (Usage-based Insurance) Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Automotive UBI (Usage-based Insurance) Market Size by Region (2019-2024)
6.2 APAC Automotive UBI (Usage-based Insurance) Market Size by Type (2019-2024)
6.3 APAC Automotive UBI (Usage-based Insurance) Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Automotive UBI (Usage-based Insurance) Market Size by Country (2019-2024)
7.2 Europe Automotive UBI (Usage-based Insurance) Market Size by Type (2019-2024)
7.3 Europe Automotive UBI (Usage-based Insurance) Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Automotive UBI (Usage-based Insurance) by Region (2019-2024)
8.2 Middle East & Africa Automotive UBI (Usage-based Insurance) Market Size by Type (2019-2024)
8.3 Middle East & Africa Automotive UBI (Usage-based Insurance) Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Automotive UBI (Usage-based Insurance) Market Forecast
10.1 Global Automotive UBI (Usage-based Insurance) Forecast by Region (2025-2030)
10.1.1 Global Automotive UBI (Usage-based Insurance) Forecast by Region (2025-2030)
10.1.2 Americas Automotive UBI (Usage-based Insurance) Forecast
10.1.3 APAC Automotive UBI (Usage-based Insurance) Forecast
10.1.4 Europe Automotive UBI (Usage-based Insurance) Forecast
10.1.5 Middle East & Africa Automotive UBI (Usage-based Insurance) Forecast
10.2 Americas Automotive UBI (Usage-based Insurance) Forecast by Country (2025-2030)
10.2.1 United States Market Automotive UBI (Usage-based Insurance) Forecast
10.2.2 Canada Market Automotive UBI (Usage-based Insurance) Forecast
10.2.3 Mexico Market Automotive UBI (Usage-based Insurance) Forecast
10.2.4 Brazil Market Automotive UBI (Usage-based Insurance) Forecast
10.3 APAC Automotive UBI (Usage-based Insurance) Forecast by Region (2025-2030)
10.3.1 China Automotive UBI (Usage-based Insurance) Market Forecast
10.3.2 Japan Market Automotive UBI (Usage-based Insurance) Forecast
10.3.3 Korea Market Automotive UBI (Usage-based Insurance) Forecast
10.3.4 Southeast Asia Market Automotive UBI (Usage-based Insurance) Forecast
10.3.5 India Market Automotive UBI (Usage-based Insurance) Forecast
10.3.6 Australia Market Automotive UBI (Usage-based Insurance) Forecast
10.4 Europe Automotive UBI (Usage-based Insurance) Forecast by Country (2025-2030)
10.4.1 Germany Market Automotive UBI (Usage-based Insurance) Forecast
10.4.2 France Market Automotive UBI (Usage-based Insurance) Forecast
10.4.3 UK Market Automotive UBI (Usage-based Insurance) Forecast
10.4.4 Italy Market Automotive UBI (Usage-based Insurance) Forecast
10.4.5 Russia Market Automotive UBI (Usage-based Insurance) Forecast
10.5 Middle East & Africa Automotive UBI (Usage-based Insurance) Forecast by Region (2025-2030)
10.5.1 Egypt Market Automotive UBI (Usage-based Insurance) Forecast
10.5.2 South Africa Market Automotive UBI (Usage-based Insurance) Forecast
10.5.3 Israel Market Automotive UBI (Usage-based Insurance) Forecast
10.5.4 Turkey Market Automotive UBI (Usage-based Insurance) Forecast
10.6 Global Automotive UBI (Usage-based Insurance) Forecast by Type (2025-2030)
10.7 Global Automotive UBI (Usage-based Insurance) Forecast by Application (2025-2030)
10.7.1 GCC Countries Market Automotive UBI (Usage-based Insurance) Forecast
11 Key Players Analysis
11.1 Allstate Insurance
11.1.1 Allstate Insurance Company Information
11.1.2 Allstate Insurance Automotive UBI (Usage-based Insurance) Product Offered
11.1.3 Allstate Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Allstate Insurance Main Business Overview
11.1.5 Allstate Insurance Latest Developments
11.2 GEICO
11.2.1 GEICO Company Information
11.2.2 GEICO Automotive UBI (Usage-based Insurance) Product Offered
11.2.3 GEICO Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 GEICO Main Business Overview
11.2.5 GEICO Latest Developments
11.3 Nationwide Mutual Insurance
11.3.1 Nationwide Mutual Insurance Company Information
11.3.2 Nationwide Mutual Insurance Automotive UBI (Usage-based Insurance) Product Offered
11.3.3 Nationwide Mutual Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Nationwide Mutual Insurance Main Business Overview
11.3.5 Nationwide Mutual Insurance Latest Developments
11.4 Progressive Corporation
11.4.1 Progressive Corporation Company Information
11.4.2 Progressive Corporation Automotive UBI (Usage-based Insurance) Product Offered
11.4.3 Progressive Corporation Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Progressive Corporation Main Business Overview
11.4.5 Progressive Corporation Latest Developments
11.5 Root Insurance
11.5.1 Root Insurance Company Information
11.5.2 Root Insurance Automotive UBI (Usage-based Insurance) Product Offered
11.5.3 Root Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Root Insurance Main Business Overview
11.5.5 Root Insurance Latest Developments
11.6 State Farm
11.6.1 State Farm Company Information
11.6.2 State Farm Automotive UBI (Usage-based Insurance) Product Offered
11.6.3 State Farm Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 State Farm Main Business Overview
11.6.5 State Farm Latest Developments
11.7 Amica Mutual Insurance
11.7.1 Amica Mutual Insurance Company Information
11.7.2 Amica Mutual Insurance Automotive UBI (Usage-based Insurance) Product Offered
11.7.3 Amica Mutual Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Amica Mutual Insurance Main Business Overview
11.7.5 Amica Mutual Insurance Latest Developments
11.8 础尘别谤颈肠补苍听贵补尘颈濒测听滨苍蝉耻谤补苍肠别
11.8.1 础尘别谤颈肠补苍听贵补尘颈濒测听滨苍蝉耻谤补苍肠别 Company Information
11.8.2 础尘别谤颈肠补苍听贵补尘颈濒测听滨苍蝉耻谤补苍肠别 Automotive UBI (Usage-based Insurance) Product Offered
11.8.3 础尘别谤颈肠补苍听贵补尘颈濒测听滨苍蝉耻谤补苍肠别 Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 础尘别谤颈肠补苍听贵补尘颈濒测听滨苍蝉耻谤补苍肠别 Main Business Overview
11.8.5 础尘别谤颈肠补苍听贵补尘颈濒测听滨苍蝉耻谤补苍肠别 Latest Developments
11.9 Intact Insurance
11.9.1 Intact Insurance Company Information
11.9.2 Intact Insurance Automotive UBI (Usage-based Insurance) Product Offered
11.9.3 Intact Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Intact Insurance Main Business Overview
11.9.5 Intact Insurance Latest Developments
11.10 ADAC Autoversicherung AG
11.10.1 ADAC Autoversicherung AG Company Information
11.10.2 ADAC Autoversicherung AG Automotive UBI (Usage-based Insurance) Product Offered
11.10.3 ADAC Autoversicherung AG Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 ADAC Autoversicherung AG Main Business Overview
11.10.5 ADAC Autoversicherung AG Latest Developments
11.11 AXA
11.11.1 AXA Company Information
11.11.2 AXA Automotive UBI (Usage-based Insurance) Product Offered
11.11.3 AXA Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 AXA Main Business Overview
11.11.5 AXA Latest Developments
11.12 Flitter
11.12.1 Flitter Company Information
11.12.2 Flitter Automotive UBI (Usage-based Insurance) Product Offered
11.12.3 Flitter Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Flitter Main Business Overview
11.12.5 Flitter Latest Developments
11.13 Miles Ltd.
11.13.1 Miles Ltd. Company Information
11.13.2 Miles Ltd. Automotive UBI (Usage-based Insurance) Product Offered
11.13.3 Miles Ltd. Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Miles Ltd. Main Business Overview
11.13.5 Miles Ltd. Latest Developments
11.14 Unipol
11.14.1 Unipol Company Information
11.14.2 Unipol Automotive UBI (Usage-based Insurance) Product Offered
11.14.3 Unipol Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 Unipol Main Business Overview
11.14.5 Unipol Latest Developments
11.15 Bajaj Allianz General Insurance
11.15.1 Bajaj Allianz General Insurance Company Information
11.15.2 Bajaj Allianz General Insurance Automotive UBI (Usage-based Insurance) Product Offered
11.15.3 Bajaj Allianz General Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 Bajaj Allianz General Insurance Main Business Overview
11.15.5 Bajaj Allianz General Insurance Latest Developments
11.16 Hotai Insurance
11.16.1 Hotai Insurance Company Information
11.16.2 Hotai Insurance Automotive UBI (Usage-based Insurance) Product Offered
11.16.3 Hotai Insurance Automotive UBI (Usage-based Insurance) Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 Hotai Insurance Main Business Overview
11.16.5 Hotai Insurance Latest Developments
12 Research Findings and Conclusion
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*If Applicable.