Dublin, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The "Automotive Insurance Market by Product (Collision Damage/Own Damage, Comprehensive, Third Party), Cover Type (Accidental Cover, Natural Disaster Cover, Theft Cover), Vehicle Type, Distribution Channel, End User - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The automotive insurance market in the United States is experiencing substantial transformation as insurers respond to shifting customer expectations, regulatory changes, and advances in vehicle technologies. Executives now face evolving competitive pressures alongside the need for strategic agility, data-driven decision-making, and operational resilience across the insurance ecosystem.
Market Snapshot: Automotive Insurance Market Growth
The Automotive Insurance Market grew from USD 1.03 trillion in 2024 to USD 1.14 trillion in 2025. It is expected to continue growing at a CAGR of 10.81%, reaching USD 1.91 trillion by 2030. This robust expansion is attributed to several factors: accelerated technology adoption, changing regulatory landscapes, and the rising complexity of automotive risks. The interplay of increased electric vehicle usage, telematics integration, and emerging policy frameworks is redefining traditional approaches to risk assessment and claims management-driving market value higher year-on-year.
Scope & Segmentation of the Automotive Insurance Market
This report delivers an in-depth examination of the United States automotive insurance ecosystem, encompassing a comprehensive segmentation across product types, vehicle categories, distribution channels, and end-user groups. Regional dynamics across the Americas, EMEA, and Asia-Pacific are analyzed, highlighting key trends and regulatory frameworks.
- Product Types: Collision damage/own damage, comprehensive coverage, third-party policies.
- Cover Types: Accidental cover, natural disaster protection, theft cover.
- Vehicle Categories: Commercial vehicles (heavy, light, medium duty), passenger vehicles (hatchbacks, sedans, SUVs).
- Distribution Channels: Agents and brokers, direct sales, third-party aggregators.
- End Users: Business/corporate clients, government and public sector entities, individual customers.
- Regions: Americas (led by United States and major state breakdowns), Europe, Middle East & Africa (including major countries across EMEA), and Asia-Pacific (select large economies and emerging markets).
- Technology Adoption: Telematics, digital platforms, insurtech collaborations, predictive analytics, and enhanced data infrastructure for underwriting and claims management.
Key Takeaways
- Automotive insurers are driving business model evolution by adopting advanced analytics and forming technology partnerships to improve risk assessment, pricing accuracy, and fraud mitigation.
- Customer engagement is rapidly shifting towards digital self-service platforms and mobile apps, resulting in heightened expectations for claims processing speed and personalization across policyholder segments.
- The proliferation of electric vehicles and autonomous technologies is reshaping underwriting practices, requiring refined approaches to coverage for batteries, liability, and new maintenance models.
- Supply chain disruptions are compelling insurers to rethink repair network relationships, inventory strategies, and scenario planning to uphold service continuity and customer satisfaction.
- Regional variations in regulatory requirements, especially across telematics adoption and data standards, are prompting localized product innovation and compliance strategies.
- Successful market leaders balance operational efficiency with investment in sustainability and emerging digital distribution models to stay ahead in a dynamic environment.
Tariff Impact: Navigating New Regulatory and Cost Structures
The introduction of incremental tariffs in 2025 has significantly influenced automotive insurance operations. Increased duties on imported auto parts are pressuring claim cost structures, prompting a reassessment of reserve allocations and claims protocols. Insurers have responded by renegotiating repair agreements and advancing supplier diversification strategies, aiming to protect profitability and ensure timely claims settlements. The focus on robust supply chain transparency is now central to long-term resilience.
Methodology & Data Sources
This report utilizes a multi-method approach, integrating qualitative interviews with industry executives, underwriters, and distribution partners alongside secondary reviews of regulatory filings, association publications, and corporate data. Analytical frameworks such as SWOT and PESTEL enable layered, cross-validated insights that reflect both macroeconomic and technology-driven forces.
Why This Report Matters
- Supports executive decision-making through actionable intelligence on market forces, segment nuances, and evolving regulatory trends.
- Equips insurers and partners with clarity on supply chain risks, customer behavioral shifts, and innovative distribution models.
- Clarifies how technology adoption, particularly telematics and analytics, can drive differentiation and policyholder retention in a changing landscape.
Conclusion
Senior leaders seeking a strategic edge will find in this report the clarity and direction needed to navigate disruption, align with regulatory requirements, and unlock new growth within the United States automotive insurance sector.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 191 |
| Forecast Period | 2025-2030 |
| Estimated Market Value (USD) in 2025 | $1.14 Trillion |
| Forecasted Market Value (USD) by 2030 | $1.91 Trillion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
Key Topics Covered
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Sizing & Forecasting
5. Market Dynamics
5.1. Integration of telematics data and AI analytics to deliver usage-based automotive insurance pricing models based on driving behavior patterns
5.2. Expansion of digital claims processing platforms leveraging AI and automation to reduce settlement times and improve customer satisfaction
5.3. Adoption of advanced driver assistance systems influencing insurance underwriting criteria and premium adjustments for safer vehicles
5.4. Emergence of embedded insurance partnerships between OEMs and insurers offering point-of-sale coverage at vehicle purchase
5.5. Growing demand for cyber coverage add-ons to protect connected vehicles and autonomous systems from hacking threats
5.6. Implementation of blockchain solutions for secure policy administration and real-time verification of coverage details across stakeholders
5.7. Deployment of predictive maintenance telematics to inform insurance risk assessments and incentivize proactive vehicle servicing
5.8. Evolution of usage-based insurance models incorporating eco-driving incentives to reward lower emissions and greener behaviors
6. Market Insights
6.1. Porter's Five Forces Analysis
6.2. PESTLE Analysis
7. Cumulative Impact of United States Tariffs 2025
8. Automotive Insurance Market, by Product
8.1. Introduction
8.2. Collision Damage/Own Damage
8.3. Comprehensive
8.4. Third Party
9. Automotive Insurance Market, by Cover Type
9.1. Introduction
9.2. Accidental Cover
9.3. Natural Disaster Cover
9.4. Theft Cover
10. Automotive Insurance Market, by Vehicle Type
10.1. Introduction
10.2. Commercial Vehicles
10.2.1. Heavy Commercial Vehicles
10.2.2. Light & Medium Commercial Vehicles
10.3. Passenger Vehicles
10.3.1. Hatchbacks
10.3.2. Sedans
10.3.3. SUVs
11. Automotive Insurance Market, by Distribution Channel
11.1. Introduction
11.2. Agents & Brokers
11.3. Direct Sales
11.4. Third-Party Aggregators
12. Automotive Insurance Market, by End User
12.1. Introduction
12.2. Business/Corporate Clients
12.3. Government & Public Sector
12.4. Individual Customers
13. Americas Automotive Insurance Market
13.1. Introduction
13.2. United States
13.3. Canada
13.4. Mexico
13.5. Brazil
13.6. Argentina
14. Europe, Middle East & Africa Automotive Insurance Market
14.1. Introduction
14.2. United Kingdom
14.3. Germany
14.4. France
14.5. Russia
14.6. Italy
14.7. Spain
14.8. United Arab Emirates
14.9. Saudi Arabia
14.10. South Africa
14.11. Denmark
14.12. Netherlands
14.13. Qatar
14.14. Finland
14.15. Sweden
14.16. Nigeria
14.17. Egypt
14.18. Turkey
14.19. Israel
14.20. Norway
14.21. Poland
14.22. Switzerland
15. Asia-Pacific Automotive Insurance Market
15.1. Introduction
15.2. China
15.3. India
15.4. Japan
15.5. Australia
15.6. South Korea
15.7. Indonesia
15.8. Thailand
15.9. Philippines
15.10. Malaysia
15.11. Singapore
15.12. Vietnam
15.13. Taiwan
16. Competitive Landscape
16.1. Market Share Analysis, 2024
16.2. FPNV Positioning Matrix, 2024
16.3. Competitive Analysis
16.3.1. Acko General Insurance Limited
16.3.2. AIA Group Limited
16.3.3. Allianz Group
16.3.4. Allstate Insurance Company
16.3.5. American International Group, Inc.
16.3.6. Assicurazioni Generali S.p.A.
16.3.7. Aviva PLC
16.3.8. Axa SA
16.3.9. Cholamandalam MS General Insurance Company Ltd.
16.3.10. Future Generali India Insurance Co. Ltd.
16.3.11. Go Digit General Insurance Limited
16.3.12. HDFC ERGO General Insurance Co. Ltd.
16.3.13. ICICI Lombard General Insurance Company Ltd.
16.3.14. Liberty General Insurance Ltd.
16.3.15. Magma General Insurance Limited
16.3.16. MetLife, Inc.
16.3.17. National Insurance Company Limited
16.3.18. Raheja QBE General Insurance Company Limited
16.3.19. Reliance General Insurance Co. Ltd.
16.3.20. Royal Sundaram General Insurance Co. Limited
16.3.21. SBI General Insurance Company Limited
16.3.22. Shriram General Insurance Company Ltd.
16.3.23. State Farm Mutual Automobile Insurance Company
16.3.24. The New India Assurance Co. Ltd.
16.3.25. The Oriental Insurance Co. Ltd.
16.3.26. Tokio Marine Holdings
16.3.27. Universal Sompo General Insurance Co. Ltd.
16.3.28. Zuno General Insurance Limited
16.3.29. Zurich Insurance Group
For more information about this report visit https://www.researchandmarkets.com/r/4znovu
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
