Named Driver Insurance Market

Named Driver is the person who is insured to drive a vehicle in which another person does most of the driving. This insurance is also called additional driver insurance. While driving the vehicle, the named driver has the same level of cover as the main driver. The named driver car insurance is useful for younger drivers who already face high premiums because of their age and associated risk factor. These younger drivers can add experienced driver in their policy such as parent or guardian. Also, adding a named driver in insurance policy result in a decrease in your annual premium.
Named Driver Insurance Market contains market size and forecasts of Named Driver Insurance in Global, including the following market information:
Global Named Driver Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Named Driver Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
By Coverages Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Named Driver Insurance include AXA, Allstate Insurance, Allianz, Berkshire Hathaway, AIG, Generali, State Farm Insurance, Munich Reinsurance and Metlife and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Named Driver Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Named Driver Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Named Driver Insurance Market Segment Percentages, by Type, 2021 (%)
By Coverages
Personal Accident Cover
Courtesy Car
Breakdown Cover
Multi Car Cover
Others
By Level of Cover
Third Party
Fully Comprehensive
By Distribution Channel
Insurance Brokers
Insurance Company
Others
Global Named Driver Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Named Driver Insurance Market Segment Percentages, by Application, 2021 (%)
Experienced Driver
Inexperienced Driver
Global Named Driver Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Named Driver Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Named Driver Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Named Driver Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
AXA
Allstate Insurance
Allianz
Berkshire Hathaway
AIG
Generali
State Farm Insurance
Munich Reinsurance
Metlife
Ping An