Global Usage Based Insurance

Usage Based Insurance Comprehensive Study by Vehicle (Passenger Vehicle, Commercial Vehicle), Technology (OBD-II, Smartphone, Embedded System, Black Box, Other), Package (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)) Players and Region - Global Market Outlook to 2030

Usage Based Insurance Market by XX Submarkets | Forecast Years 2024-2030 | CAGR: 24.03%  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Usage Based Insurance
Usage based insurance also referred 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. It can measure how far a vehicle is driven, where it is driven and how it is driven. The demand for usage based insurance is highly propelled in recent years with the increasing adoption of telematics in the vehicle as well as increasing adoption of mobility as a service. Insurance companies and telematics companies operating in the developed and developing countries are scoring investments which helps to growth of usage based insurance market.

AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)
CAGR24.03%


The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United Kingdom Players will contribute the maximum growth to Global Usage Based Insurance market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

Allstate (United States), Progressive Corporation (United States), Vodafone (United Kingdom), Octo Telematics (United Kingdom), Norris Insurance (United States), Intellimec (Canda), TomTom (Netherlands), Octo Telematics (Italy), Allianz (Germany), AXA (France), Liberty Mutual (United States), Verizon (United States) and Sierra Wireless (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Insure The Box Ltd (United Kingdom), Assicurazioni Generali S.p.A. (Italy), MAPFRE Insurance Company (France) and Aviva Plc. (United Kingdom).

Segmentation Overview
AMA Research has segmented the market of Global Usage Based Insurance market by and Region.



On the basis of geography, the market of Usage Based Insurance has been segmented into South America (Peru, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle, the sub-segment i.e. Passenger Vehicle will boost the Usage Based Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. OBD-II will boost the Usage Based Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Package, the sub-segment i.e. Pay-As-You-Drive (PAYD) will boost the Usage Based Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Trend of Try-Before-You-Buy (TBYB) Insurance Model

Market Growth Drivers:
Significant Growth in the Automotive Industry and Increasing Adoption of Telematics and Connected Cars

Challenges:
Data Security and Privacy Concerns and Lack of Standardized Systems

Restraints:
Lack of Awareness for Regarding Usage Based Insurance in Emerging Countries and Increasing Compatibility Issues

Opportunities:
Rising Penetration of Smartphones Integrated With Vehicle Connectivity Systems

Market Leaders and their expansionary development strategies
In January 2022, Audi partnered with connected car data company Otonomo to pilot consumer offerings, ranging from pay-as-you-drive insurance to general vehicle status, to first notification of loss.
In September 2023, Definity has announced the launch of a new usage-based insurance (UBI) offering to provide drivers unprecedented control over their premiums while promoting safer driving practices. The P&C insurer has touted its new Sonnet Shift product as the first UBI product in Canada to offer quarterly price adjustments based on recent driving scores.


Key Target Audience
Usage Based Insurance Companies, Consulting Firms, Government Body & Associations and End-User

About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.

Report Objectives / Segmentation Covered

By Vehicle
  • Passenger Vehicle
  • Commercial Vehicle

By Technology
  • OBD-II
  • Smartphone
  • Embedded System
  • Black Box
  • Other

By Package
  • Pay-As-You-Drive (PAYD)
  • Pay-How-You-Drive (PHYD)
  • Manage-How-You-Drive (MHYD)

By Regions
  • South America
    • Peru
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Significant Growth in the Automotive Industry
      • 3.2.2. Increasing Adoption of Telematics and Connected Cars
    • 3.3. Market Challenges
      • 3.3.1. Data Security and Privacy Concerns
      • 3.3.2. Lack of Standardized Systems
    • 3.4. Market Trends
      • 3.4.1. Trend of Try-Before-You-Buy (TBYB) Insurance Model
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Usage Based Insurance, by Vehicle, Technology, Package and Region (value) (2018-2023)
    • 5.1. Introduction
    • 5.2. Global Usage Based Insurance (Value)
      • 5.2.1. Global Usage Based Insurance by: Vehicle (Value)
        • 5.2.1.1. Passenger Vehicle
        • 5.2.1.2. Commercial Vehicle
      • 5.2.2. Global Usage Based Insurance by: Technology (Value)
        • 5.2.2.1. OBD-II
        • 5.2.2.2. Smartphone
        • 5.2.2.3. Embedded System
        • 5.2.2.4. Black Box
        • 5.2.2.5. Other
      • 5.2.3. Global Usage Based Insurance by: Package (Value)
        • 5.2.3.1. Pay-As-You-Drive (PAYD)
        • 5.2.3.2. Pay-How-You-Drive (PHYD)
        • 5.2.3.3. Manage-How-You-Drive (MHYD)
      • 5.2.4. Global Usage Based Insurance Region
        • 5.2.4.1. South America
          • 5.2.4.1.1. Peru
          • 5.2.4.1.2. Argentina
          • 5.2.4.1.3. Rest of South America
        • 5.2.4.2. Asia Pacific
          • 5.2.4.2.1. China
          • 5.2.4.2.2. Japan
          • 5.2.4.2.3. India
          • 5.2.4.2.4. South Korea
          • 5.2.4.2.5. Taiwan
          • 5.2.4.2.6. Australia
          • 5.2.4.2.7. Rest of Asia-Pacific
        • 5.2.4.3. Europe
          • 5.2.4.3.1. Germany
          • 5.2.4.3.2. France
          • 5.2.4.3.3. Italy
          • 5.2.4.3.4. United Kingdom
          • 5.2.4.3.5. Netherlands
          • 5.2.4.3.6. Rest of Europe
        • 5.2.4.4. MEA
          • 5.2.4.4.1. Middle East
          • 5.2.4.4.2. Africa
        • 5.2.4.5. North America
          • 5.2.4.5.1. United States
          • 5.2.4.5.2. Canada
          • 5.2.4.5.3. Mexico
  • 6. Usage Based Insurance: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2023)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Allstate (United States)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Progressive Corporation (United States)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Vodafone (United Kingdom)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Octo Telematics (United Kingdom)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Norris Insurance (United States)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Intellimec (Canda)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. TomTom (Netherlands)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. Octo Telematics (Italy)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Allianz (Germany)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. AXA (France)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
      • 6.4.11. Liberty Mutual (United States)
        • 6.4.11.1. Business Overview
        • 6.4.11.2. Products/Services Offerings
        • 6.4.11.3. Financial Analysis
        • 6.4.11.4. SWOT Analysis
      • 6.4.12. Verizon (United States)
        • 6.4.12.1. Business Overview
        • 6.4.12.2. Products/Services Offerings
        • 6.4.12.3. Financial Analysis
        • 6.4.12.4. SWOT Analysis
      • 6.4.13. Sierra Wireless (Canada)
        • 6.4.13.1. Business Overview
        • 6.4.13.2. Products/Services Offerings
        • 6.4.13.3. Financial Analysis
        • 6.4.13.4. SWOT Analysis
  • 7. Global Usage Based Insurance Sale, by Vehicle, Technology, Package and Region (value) (2025-2030)
    • 7.1. Introduction
    • 7.2. Global Usage Based Insurance (Value)
      • 7.2.1. Global Usage Based Insurance by: Vehicle (Value)
        • 7.2.1.1. Passenger Vehicle
        • 7.2.1.2. Commercial Vehicle
      • 7.2.2. Global Usage Based Insurance by: Technology (Value)
        • 7.2.2.1. OBD-II
        • 7.2.2.2. Smartphone
        • 7.2.2.3. Embedded System
        • 7.2.2.4. Black Box
        • 7.2.2.5. Other
      • 7.2.3. Global Usage Based Insurance by: Package (Value)
        • 7.2.3.1. Pay-As-You-Drive (PAYD)
        • 7.2.3.2. Pay-How-You-Drive (PHYD)
        • 7.2.3.3. Manage-How-You-Drive (MHYD)
      • 7.2.4. Global Usage Based Insurance Region
        • 7.2.4.1. South America
          • 7.2.4.1.1. Peru
          • 7.2.4.1.2. Argentina
          • 7.2.4.1.3. Rest of South America
        • 7.2.4.2. Asia Pacific
          • 7.2.4.2.1. China
          • 7.2.4.2.2. Japan
          • 7.2.4.2.3. India
          • 7.2.4.2.4. South Korea
          • 7.2.4.2.5. Taiwan
          • 7.2.4.2.6. Australia
          • 7.2.4.2.7. Rest of Asia-Pacific
        • 7.2.4.3. Europe
          • 7.2.4.3.1. Germany
          • 7.2.4.3.2. France
          • 7.2.4.3.3. Italy
          • 7.2.4.3.4. United Kingdom
          • 7.2.4.3.5. Netherlands
          • 7.2.4.3.6. Rest of Europe
        • 7.2.4.4. MEA
          • 7.2.4.4.1. Middle East
          • 7.2.4.4.2. Africa
        • 7.2.4.5. North America
          • 7.2.4.5.1. United States
          • 7.2.4.5.2. Canada
          • 7.2.4.5.3. Mexico
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Usage Based Insurance: by Vehicle(USD Million)
  • Table 2. Usage Based Insurance Passenger Vehicle , by Region USD Million (2018-2023)
  • Table 3. Usage Based Insurance Commercial Vehicle , by Region USD Million (2018-2023)
  • Table 4. Usage Based Insurance: by Technology(USD Million)
  • Table 5. Usage Based Insurance OBD-II , by Region USD Million (2018-2023)
  • Table 6. Usage Based Insurance Smartphone , by Region USD Million (2018-2023)
  • Table 7. Usage Based Insurance Embedded System , by Region USD Million (2018-2023)
  • Table 8. Usage Based Insurance Black Box , by Region USD Million (2018-2023)
  • Table 9. Usage Based Insurance Other , by Region USD Million (2018-2023)
  • Table 10. Usage Based Insurance: by Package(USD Million)
  • Table 11. Usage Based Insurance Pay-As-You-Drive (PAYD) , by Region USD Million (2018-2023)
  • Table 12. Usage Based Insurance Pay-How-You-Drive (PHYD) , by Region USD Million (2018-2023)
  • Table 13. Usage Based Insurance Manage-How-You-Drive (MHYD) , by Region USD Million (2018-2023)
  • Table 14. South America Usage Based Insurance, by Country USD Million (2018-2023)
  • Table 15. South America Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 16. South America Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 17. South America Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 18. Peru Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 19. Peru Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 20. Peru Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 21. Argentina Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 22. Argentina Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 23. Argentina Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 24. Rest of South America Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 25. Rest of South America Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 26. Rest of South America Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 27. Asia Pacific Usage Based Insurance, by Country USD Million (2018-2023)
  • Table 28. Asia Pacific Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 29. Asia Pacific Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 30. Asia Pacific Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 31. China Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 32. China Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 33. China Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 34. Japan Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 35. Japan Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 36. Japan Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 37. India Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 38. India Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 39. India Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 40. South Korea Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 41. South Korea Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 42. South Korea Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 43. Taiwan Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 44. Taiwan Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 45. Taiwan Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 46. Australia Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 47. Australia Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 48. Australia Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 49. Rest of Asia-Pacific Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 50. Rest of Asia-Pacific Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 51. Rest of Asia-Pacific Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 52. Europe Usage Based Insurance, by Country USD Million (2018-2023)
  • Table 53. Europe Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 54. Europe Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 55. Europe Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 56. Germany Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 57. Germany Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 58. Germany Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 59. France Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 60. France Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 61. France Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 62. Italy Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 63. Italy Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 64. Italy Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 65. United Kingdom Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 66. United Kingdom Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 67. United Kingdom Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 68. Netherlands Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 69. Netherlands Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 70. Netherlands Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 71. Rest of Europe Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 72. Rest of Europe Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 73. Rest of Europe Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 74. MEA Usage Based Insurance, by Country USD Million (2018-2023)
  • Table 75. MEA Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 76. MEA Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 77. MEA Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 78. Middle East Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 79. Middle East Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 80. Middle East Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 81. Africa Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 82. Africa Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 83. Africa Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 84. North America Usage Based Insurance, by Country USD Million (2018-2023)
  • Table 85. North America Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 86. North America Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 87. North America Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 88. United States Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 89. United States Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 90. United States Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 91. Canada Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 92. Canada Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 93. Canada Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 94. Mexico Usage Based Insurance, by Vehicle USD Million (2018-2023)
  • Table 95. Mexico Usage Based Insurance, by Technology USD Million (2018-2023)
  • Table 96. Mexico Usage Based Insurance, by Package USD Million (2018-2023)
  • Table 97. Company Basic Information, Sales Area and Its Competitors
  • Table 98. Company Basic Information, Sales Area and Its Competitors
  • Table 99. Company Basic Information, Sales Area and Its Competitors
  • Table 100. Company Basic Information, Sales Area and Its Competitors
  • Table 101. Company Basic Information, Sales Area and Its Competitors
  • Table 102. Company Basic Information, Sales Area and Its Competitors
  • Table 103. Company Basic Information, Sales Area and Its Competitors
  • Table 104. Company Basic Information, Sales Area and Its Competitors
  • Table 105. Company Basic Information, Sales Area and Its Competitors
  • Table 106. Company Basic Information, Sales Area and Its Competitors
  • Table 107. Company Basic Information, Sales Area and Its Competitors
  • Table 108. Company Basic Information, Sales Area and Its Competitors
  • Table 109. Company Basic Information, Sales Area and Its Competitors
  • Table 110. Usage Based Insurance: by Vehicle(USD Million)
  • Table 111. Usage Based Insurance Passenger Vehicle , by Region USD Million (2025-2030)
  • Table 112. Usage Based Insurance Commercial Vehicle , by Region USD Million (2025-2030)
  • Table 113. Usage Based Insurance: by Technology(USD Million)
  • Table 114. Usage Based Insurance OBD-II , by Region USD Million (2025-2030)
  • Table 115. Usage Based Insurance Smartphone , by Region USD Million (2025-2030)
  • Table 116. Usage Based Insurance Embedded System , by Region USD Million (2025-2030)
  • Table 117. Usage Based Insurance Black Box , by Region USD Million (2025-2030)
  • Table 118. Usage Based Insurance Other , by Region USD Million (2025-2030)
  • Table 119. Usage Based Insurance: by Package(USD Million)
  • Table 120. Usage Based Insurance Pay-As-You-Drive (PAYD) , by Region USD Million (2025-2030)
  • Table 121. Usage Based Insurance Pay-How-You-Drive (PHYD) , by Region USD Million (2025-2030)
  • Table 122. Usage Based Insurance Manage-How-You-Drive (MHYD) , by Region USD Million (2025-2030)
  • Table 123. South America Usage Based Insurance, by Country USD Million (2025-2030)
  • Table 124. South America Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 125. South America Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 126. South America Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 127. Peru Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 128. Peru Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 129. Peru Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 130. Argentina Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 131. Argentina Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 132. Argentina Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 133. Rest of South America Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 134. Rest of South America Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 135. Rest of South America Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 136. Asia Pacific Usage Based Insurance, by Country USD Million (2025-2030)
  • Table 137. Asia Pacific Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 138. Asia Pacific Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 139. Asia Pacific Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 140. China Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 141. China Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 142. China Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 143. Japan Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 144. Japan Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 145. Japan Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 146. India Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 147. India Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 148. India Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 149. South Korea Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 150. South Korea Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 151. South Korea Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 152. Taiwan Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 153. Taiwan Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 154. Taiwan Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 155. Australia Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 156. Australia Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 157. Australia Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 158. Rest of Asia-Pacific Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 159. Rest of Asia-Pacific Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 160. Rest of Asia-Pacific Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 161. Europe Usage Based Insurance, by Country USD Million (2025-2030)
  • Table 162. Europe Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 163. Europe Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 164. Europe Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 165. Germany Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 166. Germany Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 167. Germany Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 168. France Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 169. France Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 170. France Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 171. Italy Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 172. Italy Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 173. Italy Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 174. United Kingdom Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 175. United Kingdom Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 176. United Kingdom Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 177. Netherlands Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 178. Netherlands Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 179. Netherlands Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 180. Rest of Europe Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 181. Rest of Europe Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 182. Rest of Europe Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 183. MEA Usage Based Insurance, by Country USD Million (2025-2030)
  • Table 184. MEA Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 185. MEA Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 186. MEA Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 187. Middle East Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 188. Middle East Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 189. Middle East Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 190. Africa Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 191. Africa Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 192. Africa Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 193. North America Usage Based Insurance, by Country USD Million (2025-2030)
  • Table 194. North America Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 195. North America Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 196. North America Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 197. United States Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 198. United States Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 199. United States Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 200. Canada Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 201. Canada Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 202. Canada Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 203. Mexico Usage Based Insurance, by Vehicle USD Million (2025-2030)
  • Table 204. Mexico Usage Based Insurance, by Technology USD Million (2025-2030)
  • Table 205. Mexico Usage Based Insurance, by Package USD Million (2025-2030)
  • Table 206. Research Programs/Design for This Report
  • Table 207. Key Data Information from Secondary Sources
  • Table 208. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Usage Based Insurance: by Vehicle USD Million (2018-2023)
  • Figure 5. Global Usage Based Insurance: by Technology USD Million (2018-2023)
  • Figure 6. Global Usage Based Insurance: by Package USD Million (2018-2023)
  • Figure 7. South America Usage Based Insurance Share (%), by Country
  • Figure 8. Asia Pacific Usage Based Insurance Share (%), by Country
  • Figure 9. Europe Usage Based Insurance Share (%), by Country
  • Figure 10. MEA Usage Based Insurance Share (%), by Country
  • Figure 11. North America Usage Based Insurance Share (%), by Country
  • Figure 12. Global Usage Based Insurance share by Players 2023 (%)
  • Figure 13. Global Usage Based Insurance share by Players (Top 3) 2023(%)
  • Figure 14. Global Usage Based Insurance share by Players (Top 5) 2023(%)
  • Figure 15. BCG Matrix for key Companies
  • Figure 16. Allstate (United States) Revenue, Net Income and Gross profit
  • Figure 17. Allstate (United States) Revenue: by Geography 2023
  • Figure 18. Progressive Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 19. Progressive Corporation (United States) Revenue: by Geography 2023
  • Figure 20. Vodafone (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 21. Vodafone (United Kingdom) Revenue: by Geography 2023
  • Figure 22. Octo Telematics (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 23. Octo Telematics (United Kingdom) Revenue: by Geography 2023
  • Figure 24. Norris Insurance (United States) Revenue, Net Income and Gross profit
  • Figure 25. Norris Insurance (United States) Revenue: by Geography 2023
  • Figure 26. Intellimec (Canda) Revenue, Net Income and Gross profit
  • Figure 27. Intellimec (Canda) Revenue: by Geography 2023
  • Figure 28. TomTom (Netherlands) Revenue, Net Income and Gross profit
  • Figure 29. TomTom (Netherlands) Revenue: by Geography 2023
  • Figure 30. Octo Telematics (Italy) Revenue, Net Income and Gross profit
  • Figure 31. Octo Telematics (Italy) Revenue: by Geography 2023
  • Figure 32. Allianz (Germany) Revenue, Net Income and Gross profit
  • Figure 33. Allianz (Germany) Revenue: by Geography 2023
  • Figure 34. AXA (France) Revenue, Net Income and Gross profit
  • Figure 35. AXA (France) Revenue: by Geography 2023
  • Figure 36. Liberty Mutual (United States) Revenue, Net Income and Gross profit
  • Figure 37. Liberty Mutual (United States) Revenue: by Geography 2023
  • Figure 38. Verizon (United States) Revenue, Net Income and Gross profit
  • Figure 39. Verizon (United States) Revenue: by Geography 2023
  • Figure 40. Sierra Wireless (Canada) Revenue, Net Income and Gross profit
  • Figure 41. Sierra Wireless (Canada) Revenue: by Geography 2023
  • Figure 42. Global Usage Based Insurance: by Vehicle USD Million (2025-2030)
  • Figure 43. Global Usage Based Insurance: by Technology USD Million (2025-2030)
  • Figure 44. Global Usage Based Insurance: by Package USD Million (2025-2030)
  • Figure 45. South America Usage Based Insurance Share (%), by Country
  • Figure 46. Asia Pacific Usage Based Insurance Share (%), by Country
  • Figure 47. Europe Usage Based Insurance Share (%), by Country
  • Figure 48. MEA Usage Based Insurance Share (%), by Country
  • Figure 49. North America Usage Based Insurance Share (%), by Country
List of companies from research coverage that are profiled in the study
  • Allstate (United States)
  • Progressive Corporation (United States)
  • Vodafone (United Kingdom)
  • Octo Telematics (United Kingdom)
  • Norris Insurance (United States)
  • Intellimec (Canda)
  • TomTom (Netherlands)
  • Octo Telematics (Italy)
  • Allianz (Germany)
  • AXA (France)
  • Liberty Mutual (United States)
  • Verizon (United States)
  • Sierra Wireless (Canada)
Additional players considered in the study are as follows:
Insure The Box Ltd (United Kingdom) , Assicurazioni Generali S.p.A. (Italy) , MAPFRE Insurance Company (France) , Aviva Plc. (United Kingdom)
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Key Highlights of Report


Mar 2024 240 Pages 74 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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Global Usage Based Insurance Quantitative research analysis
Global Usage Based Insurance Qualitative Industry Analysis
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Frequently Asked Questions (FAQ):

The standard version of the report profiles players such as Allstate (United States), Progressive Corporation (United States), Vodafone (United Kingdom), Octo Telematics (United Kingdom), Norris Insurance (United States), Intellimec (Canda), TomTom (Netherlands), Octo Telematics (Italy), Allianz (Germany), AXA (France), Liberty Mutual (United States), Verizon (United States) and Sierra Wireless (Canada) etc.
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
"Trend of Try-Before-You-Buy (TBYB) Insurance Model" is seen as one of major influencing trends for Usage Based Insurance Market during projected period 2023-2030.
The Usage Based Insurance market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.

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