Global Automotive & Vehicle Insurance Market Size, Status and Forecast 2020-2026

Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.

Market Analysis and Insights: Global Automotive & Vehicle Insurance Market
The global Automotive & Vehicle Insurance market size is projected to reach US$ 220150 million by 2026, from US$ 216530 million in 2020, at a CAGR of 1.5%% during 2021-2026.

Global Automotive & Vehicle Insurance Scope and Market Size
Automotive & Vehicle Insurance market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Automotive & Vehicle Insurance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The key players covered in this study

State Farm
GEICO
Progressive
Allstate
USAA
Liberty Mutual
Farmers
Nationwide
Travelers
American Family

Market segment by Type, the product can be split into

Liability Insurance
Collision Coverage
Comprehensive Coverage
Personal Injury Protection

Market segment by Application, split into

Passenger Car
Commercial Vehicle

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India