Frequently Asked Questions
The market is segmented based on Global Usage-Based Insurance Market, By Vehicle Type (Passenger Car, Commercial Vehicle), Package Type (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)), Device Offering (Company Provided, Bring Your Own Device (BYOD), Technology (OBD-II, Smartphone, Embedded System, Black Box, Others, Hybrid, Metal Forming Market for Automotive), Vehicle Age (New Vehicles, On-Road Vehicles), Electric and Hybrid Vehicle Type (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Vehicle (PHEV), Battery Electric Vehicle (BEV)) - Industry Trends and Forecast to 2031.
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The Global Usage Based Insurance Market size was valued at USD 31.45 USD Billion in 2023.
The Global Usage Based Insurance Market is projected to grow at a CAGR of 26.66% during the forecast period of 2024 to 2031.
The major players operating in the market include , Cambridge Mobile Telematics , insurethebox , Progressive Casualty Insurance Company , Modus Group LLC. , Inseego Corp. , Lemonade , Metromile , The Floow Limited , Allstate Insurance Company , Octo Group S.p.A , TomTom International BV. , UNIPOLSAI ASSICURAZIONI S.P.A. , Assicurazioni Generali S.p.A , Liberty Mutual Insurance , Equitable Holdings , MAPFRE , Sierra Wireless , Verizon , Allianz Partners .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
