The global vehicle insurance market size is calculated at USD 973.33 billion in 2025 and is forecasted to reach around USD 1,796.61 billion by 2034, accelerating at a CAGR of 7.03% from 2025 to 2034. The North America market size surpassed USD 309.57 billion in 2024 and is expanding at a CAGR of 7.05% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Vehicle Insurance Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Vehicle Insurance Market, by Coverage Type
8.1.1. Third Party Liability
8.1.1.1. Market Revenue and Forecast
8.1.2. Comprehensive
8.1.2.1. Market Revenue and Forecast
9.1. Vehicle Insurance Market, by Distribution Channel
9.1.1. Insurance Agents/Brokers
9.1.1.1. Market Revenue and Forecast
9.1.2. Direct Response
9.1.2.1. Market Revenue and Forecast
9.1.3. Banks
9.1.3.1. Market Revenue and Forecast
9.1.4. Others
9.1.4.1. Market Revenue and Forecast
10.1. Vehicle Insurance Market, by Application Type
10.1.1. Personal Vehicle
10.1.1.1. Market Revenue and Forecast
10.1.2. Commercial Vehicle
10.1.2.1. Market Revenue and Forecast
11.1. Vehicle Insurance Market, by Additive Type
11.1.1. New Vehicles
11.1.1.1. Market Revenue and Forecast
11.1.2. Used Vehicles
11.1.2.1. Market Revenue and Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Coverage
12.1.2. Market Revenue and Forecast, by Distribution Channel
12.1.3. Market Revenue and Forecast, by Application Type
12.1.4. Market Revenue and Forecast, by Vehicle Type
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Coverage
12.1.5.2. Market Revenue and Forecast, by Distribution Channel
12.1.5.3. Market Revenue and Forecast, by Application Type
12.1.5.4. Market Revenue and Forecast, by Vehicle Type
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Coverage
12.1.6.2. Market Revenue and Forecast, by Distribution Channel
12.1.6.3. Market Revenue and Forecast, by Application Type
12.1.6.4. Market Revenue and Forecast, by Vehicle Type
12.2. Europe
12.2.1. Market Revenue and Forecast, by Coverage
12.2.2. Market Revenue and Forecast, by Distribution Channel
12.2.3. Market Revenue and Forecast, by Application Type
12.2.4. Market Revenue and Forecast, by Vehicle Type
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Coverage
12.2.5.2. Market Revenue and Forecast, by Distribution Channel
12.2.5.3. Market Revenue and Forecast, by Application Type
12.2.5.4. Market Revenue and Forecast, by Vehicle Type
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Coverage
12.2.6.2. Market Revenue and Forecast, by Distribution Channel
12.2.6.3. Market Revenue and Forecast, by Application Type
12.2.6.4. Market Revenue and Forecast, by Vehicle Type
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Coverage
12.2.7.2. Market Revenue and Forecast, by Distribution Channel
12.2.7.3. Market Revenue and Forecast, by Application Type
12.2.7.4. Market Revenue and Forecast, by Vehicle Type
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Coverage
12.2.8.2. Market Revenue and Forecast, by Distribution Channel
12.2.8.3. Market Revenue and Forecast, by Application Type
12.2.8.4. Market Revenue and Forecast, by Vehicle Type
12.3. APAC
12.3.1. Market Revenue and Forecast, by Coverage
12.3.2. Market Revenue and Forecast, by Distribution Channel
12.3.3. Market Revenue and Forecast, by Application Type
12.3.4. Market Revenue and Forecast, by Vehicle Type
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Coverage
12.3.5.2. Market Revenue and Forecast, by Distribution Channel
12.3.5.3. Market Revenue and Forecast, by Application Type
12.3.5.4. Market Revenue and Forecast, by Vehicle Type
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Coverage
12.3.6.2. Market Revenue and Forecast, by Distribution Channel
12.3.6.3. Market Revenue and Forecast, by Application Type
12.3.6.4. Market Revenue and Forecast, by Vehicle Type
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Coverage
12.3.7.2. Market Revenue and Forecast, by Distribution Channel
12.3.7.3. Market Revenue and Forecast, by Application Type
12.3.7.4. Market Revenue and Forecast, by Vehicle Type
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Coverage
12.3.8.2. Market Revenue and Forecast, by Distribution Channel
12.3.8.3. Market Revenue and Forecast, by Application Type
12.3.8.4. Market Revenue and Forecast, by Vehicle Type
12.4. MEA
12.4.1. Market Revenue and Forecast, by Coverage
12.4.2. Market Revenue and Forecast, by Distribution Channel
12.4.3. Market Revenue and Forecast, by Application Type
12.4.4. Market Revenue and Forecast, by Vehicle Type
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Coverage
12.4.5.2. Market Revenue and Forecast, by Distribution Channel
12.4.5.3. Market Revenue and Forecast, by Application Type
12.4.5.4. Market Revenue and Forecast, by Vehicle Type
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Coverage
12.4.6.2. Market Revenue and Forecast, by Distribution Channel
12.4.6.3. Market Revenue and Forecast, by Application Type
12.4.6.4. Market Revenue and Forecast, by Vehicle Type
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Coverage
12.4.7.2. Market Revenue and Forecast, by Distribution Channel
12.4.7.3. Market Revenue and Forecast, by Application Type
12.4.7.4. Market Revenue and Forecast, by Vehicle Type
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Coverage
12.4.8.2. Market Revenue and Forecast, by Distribution Channel
12.4.8.3. Market Revenue and Forecast, by Application Type
12.4.8.4. Market Revenue and Forecast, by Vehicle Type
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Coverage
12.5.2. Market Revenue and Forecast, by Distribution Channel
12.5.3. Market Revenue and Forecast, by Application Type
12.5.4. Market Revenue and Forecast, by Vehicle Type
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Coverage
12.5.5.2. Market Revenue and Forecast, by Distribution Channel
12.5.5.3. Market Revenue and Forecast, by Application Type
12.5.5.4. Market Revenue and Forecast, by Vehicle Type
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Coverage
12.5.6.2. Market Revenue and Forecast, by Distribution Channel
12.5.6.3. Market Revenue and Forecast, by Application Type
12.5.6.4. Market Revenue and Forecast, by Vehicle Type
13.1. PEOPLE’S INSURANCE COMPANY OF CHINA
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. ALLSTATE INSURANCE COMPANY
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. CHINA PACIFIC INSURANCE CO.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. ALLIANZ
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. STATE FARM MUTUAL
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. TOKIO MARINE GROUP
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. AUTOMOBILE INSURANCE
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. GEICO
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
15.1. About Us
15.2. Glossary of Terms
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