The demand for market of automotive insurance is largely influenced by increasing vehicle sales with telematics and connected car services, reduction in insurance as compared to the traditional insurance, and increasing vehicle sales and parc.Download our free PDF Brochure and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154621760Increasing vehicle with telematics and connected car services to drive the global usage-based insurance for automotive demand close to USD 96 billion by 2025The insurance for automotive is a method to calculate the insurance premium.
Based on the driving score, automotive insurance providers offer a discount on the insurance premiumAvailable CustomizationsWith the given market data, MarketsandMarkets offers customizations in accordance to company-specific needs.Market, by vehicle type, by countryLight-duty vehicleHeavy-duty vehicleMarket, by vehicle type, by vehicle age, by regionThe AmericasEMEAsia OceaniaRequest for free Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=154621760usage-based insurance market DriversIncreasing adoption of telematics and connected carsReduction in insurance premium and risk-related costsIncreasing vehicle sales and parcTarget AudienceAutomotive cloud service providersAutomotive electronics hardware and software suppliersAutomotive insurance platform providersAutomotive insurance providersAutomotive Original Equipment ManufacturersIn-vehicle telematics service providersRegional automotive insurance associationsRequest for sample:https://www.marketsandmarkets.com/requestsampleNew.asp?id=154621760The usage-based insurance market consists of companies such as Progressive Corporation (US), Vodafone (UK), Allstate (US), Octo Telematics (UK), TomTom (Netherlands), Allianz (Germany), AXA (France), Liberty Mutual (US), Verizon (US), and Sierra Wireless (Canada).
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