Usage-based insurance (UBI) also known as pay as you drive (PAYD) and 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.This differs from traditional insurance, which attempts to differentiate and reward "safe" drivers, giving them lower premiums and/or a no-claims bonus.
The Automotive Usage-Based Insurance market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026.

Considering the influence of COVID-19 on the global Automotive Usage-Based Insurance market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.

This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery.

Under COVID-19 Outbreak, how the Automotive Usage-Based Insurance Industry will develop is also analyzed in detail in Chapter 1.8 of this report.

Major Players in Automotive Usage-Based Insurance market are:
Desjardins Insurance
Liberty Mutual Insurance
Allianz SE
Progressive Casualty Insurance Company
Nationwide Mutual Insurance Company
Metromile Inc.
Esurance Insurance Services, Inc.
Insurance Box Pty Ltd
Trak Global Group
The Travelers Indemnity Company

Most important types of Automotive Usage-Based Insurance products covered in this report are:
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)

Most widely used downstream fields of Automotive Usage-Based Insurance market covered in this report are:
Light-Duty Vehicle (LDV)
Heavy-Duty Vehicle (HDV)
Passenger cars

Major Region

s or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
Others

In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations.

In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out.

In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.

Years considered for this report:

Historical Years:

2016-2020

Base Year:

2020

Estimated Year:

2021

Forecast Period:

2021-2026