Usage-based insurance (UBI), also referred to as pay-per-mile, pay-as-you-drive, or pay-as-you-go, is a type of auto insurance that, depending on the specific insurer’s program, can measure how far a vehicle is driven, where it’s driven, and/or how it’s driven. UBI is ofte...
The global usage-based insurance market size reached US$ 51.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 307.6 Billion by 2032, exhibiting a growth rate (CAGR) of 21.99% during 2023-2032. The market is primarily driven by the expanding insurance ecosystem...
In 2023, Asia-Pacific dominated the usage-based insurance market due to the surge in the number of connected cars has led to the introduction of new usage-based insurance (UBI) offerings. These advancements enable personalized insurance plans that factor in individual driving behavior, providing cos...
The global usage-based insurance market was valued at $26.8 billion in 2022, and is projected to reach $267.4 billion by 2032, growing at a CAGR of 26.2% from 2023 to 2032. Usage-based insurance is called telematics insurance, which is known for the insurance policy that analyses the premi...
Usage-Based Insurance Market Segmentation, By Application Men Women Usage-Based Insurance Market Segmentation, By Region North America [United States, Canada] Europe [Germany, France, U.K., Italy, Russia] Asia-Pacific [...
In this research study, the prime factors that are impelling the growth of the Global Automotive Usage Based Insurance market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period....
(NAIC), the common feature of new vehicles purchased is in-built telematics. As part of the new insurance regulations, auto insurers must also use telematics for all their vehicles. In addition, many companies provide usage-based insurance with the purchase of each car, which also contributes ...
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