Private Passenger Auto Insurance Market

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. Private Passenger Auto Insurance Market studies the private passenger auto insurance.
Private Passenger Auto Insurance Market contains market size and forecasts of Private Passenger Auto Insurance in Global, including the following market information:
Global Private Passenger Auto Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Private Passenger Auto 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.
Compulsory Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Private Passenger Auto Insurance include State Farm, GEICO, Progressive, Allstate, USAA, Liberty Mutual, Farmers, Nationwide and Travelers, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Private Passenger Auto 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 Private Passenger Auto Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Private Passenger Auto Insurance Market Segment Percentages, by Type, 2021 (%)
Compulsory Insurance
Commercial Insurance
Global Private Passenger Auto Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Private Passenger Auto Insurance Market Segment Percentages, by Application, 2021 (%)
Ordinary Private Car
Medium and High-end Private Car
Global Private Passenger Auto Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Private Passenger Auto 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 Private Passenger Auto Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Private Passenger Auto Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
State Farm
GEICO
Progressive
Allstate
USAA
Liberty Mutual
Farmers
Nationwide
Travelers
American Family
Auto Club Exchange
Erie Insurance
CSAA Insurance Exchange
National General Holdings Corp.
Mercury General Corp.
Auto-Owners Insurance
MetLife
Hartford Financial Services
Auto Club Insurance Association
MAPFRE
Kemper Corp.
Amica Mutual Insurance Co.
Infinity P&C Corp.
COUNTRY Financial
Hanover Insurance Group
NJM Insurance
Southern Farm Bureau Casualty
Sentry Insurance
Shelter Insurance
Alfa Mutual Group