Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.
In 2018, the global Automotive & Vehicle Insurance market size was 205000 million US$ and it is expected to reach 237400 million US$ by the end of 2025, with a CAGR of 1.9% during 2019-2025.
This report focuses on the global Automotive & Vehicle Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive & Vehicle Insurance development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Personal Injury Protection
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Automotive & Vehicle Insurance status, future forecast, growth opportunity, key market and key players.
To present the Automotive & Vehicle Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Automotive & Vehicle Insurance are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.