Global Automotive Usage Based Insurance Market Growth (Status and Outlook) 2025-2031

Report ID: 3024905 | Published Date: Feb 2026 | No. of Page: 112 | Base Year: 2025 | Rating: 3.8 | Webstory: Check our Web story
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Impact of U.S Tarrifs Analyzed 2025

The global Automotive Usage Based Insurance market size is predicted to grow from US$ 41620 million in 2025 to US$ 167680 million in 2031; it is expected to grow at a CAGR of 26.1% from 2025 to 2031.

Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.

Key Features:
  • Company uses a telematics device to track factors like mileage and speed.
  • Safe drivers may benefit from lower auto insurance policy rates.
Segmentation by Type:
  • PAYD (Pay As You Drive)
  • PHYD (Pay How You Drive)
Segmentation by Application:
  • Commercial Vehicle
  • Passenger Car
Market by Region:
  • Americas
  • APAC
  • Europe
  • Middle East & Africa
Company's Coverage:
  • Allstate Insurance Company
  • Esurance
  • Credit Karma, LLC
  • DriveSense
  • Liberty Mutual
  • Metromile
  • Progressive
  • State Farm
  • The Travelers Indemnity Company
  • AXA
  • Assicurazioni Generali
  • Desjardins Group
Key Questions Addressed in this Report:
  • What are the major trends affecting the automotive usage based insurance market?
  • How is the market segmented regionally and by type?
Frequently Asked Questions
Automotive Usage Based Insurance report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Automotive Usage Based Insurance report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Automotive Usage Based Insurance report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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