What is Temporary Car Insurance Market Scope?
Temporary car insurance provides insurance coverage for a short time. Since this is temporary in nature, the validity of short term car insurance can be as less as a few minutes or as long as a couple of months. In a particular situation when a person is not looking to buy a car insurance plan for duration of one year, he/she can choose a short term or temp cover insurance. Temporary car insurance needed for those who are using ride sharing services, visiting another country, borrowing a car from friends or relatives, and who are buying car for shorter period of time, among others circumstances.
The Temporary Car Insurance market study is being classified by Type (Comprehensive Coverage Insurance and Single Coverage Insurance) and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Temporary Car Insurance market throughout the predicted period.
AXA (France), Allstate Insurance (United States), Berkshire Hathaway (United States), Allianz (Germany), AIG (United States), Generali (Italy), State Farm Insurance (United States), Munich Reinsurance (Germany), Metlife (United States), Nippon Life Insurance (India), Ping An (China) and China Life Insurance (China) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Temporary Car Insurance market by Type, Application and Region.
On the basis of geography, the market of Temporary Car Insurance has been segmented into South America (Brazil, 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).
Market Influencers and their development strategies
Temporary Car Insurance Companies, Car Manufacturers, Agents/Brokers, Regulatory & Government Bodies, End Users and Others
On 27 May 2019, the founders of Insurance Panda, a car insurance quote comparison service based in New York City, are pleased to announce the launch of their new one-week auto insurance policies.
Influencing Market Trend
- Monthly Temporary Insurance Gained Traction
- Rising Car Users across the Globe
- Increasing Accidents Incidences Leading to Insurance Adoption
- Growing Car Renting Demand among the People
- Growing Demand from Developing Countries
- An Availability of Long Term Coverage
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