Self-Driving Car Insurance Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, UK, France, Germany, China - Size and Forecast 2024-2028

  • Published: Aug 2025
  • Pages: 160

Market Overview

The self-driving car insurance market analysis covers the market size and growth forecast for the period 2024-2028 in North America (US, Canada), Europe (Germany, UK, France), APAC (China), South America, Middle East and Africa. The report provides insights into the market drivers, trends, and opportunities, including the impact of vehicle-to-vehicle communication, risk assessment, and premium pricing strategies. Key players in the self-driving car insurance market include Allstate, Liberty Mutual, State Farm, Progressive, and Geico.

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Market Segmentation

Technavio’s industry report provides actionable market insights on each segment, including market share and growth forecasts.

1. Coverage Type: Liability, collision, comprehensive, and specialty coverage.
a. Liability Coverage: Covers damages to third-party vehicles and properties.
b. Collision Coverage: Covers damages to the insured vehicle due to collision.
c. Comprehensive Coverage: Covers damages to the insured vehicle due to non-collision events.
2. Technology: Telematics, IoT, and blockchain.
a. Telematics: Monitors driving behavior and location data to assess risk.
b. IoT: Enhances claims processing and customer engagement through connected devices.
c. Blockchain: Improves transparency and security in data sharing and claims management.

Regional Analysis

Different parts of the world will have different demands, supply chain logistics, and legal nuances. Technavio’s market research helps facilitate strategic business decisions by providing a historical and focused look at regional markets. The self-driving car insurance market is analyzed across North America, Europe, APAC, South America, Middle East, and Africa, focusing on the US, UK, France, Germany, and China.

Market Dynamics

In order to make informed business decisions and strategies, it’s important to be informed of the many factors impacting the market. What is driving growth in the market and how does that influence new product releases? What challenges are increasing risk for a specific course of action or in a specific market? What will the key trends be over the next several years and what is the best way to take advantage of them? The answers to these questions help companies to evaluate business approaches and develop growth strategies.

- Drivers: Increasing adoption of autonomous vehicles, government regulations, and advancements in technology.
- Trends: Growing popularity of usage-based insurance, telematics, and IoT.
- Opportunities: Expansion of the autonomous vehicle market and increasing demand for comprehensive coverage.

Company Analysis

This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies in order to help clients improve their market positions. It also provides a detailed analysis of the upcoming market trends and challenges and how they will influence market growth, designed to help companies create effective strategies to make the most of the global market.

Allstate: Offers Drivewise, a usage-based insurance program, and collaborates with tech companies for telematics and autonomous vehicle research.
Liberty Mutual: Partners with tech companies to develop autonomous vehicle insurance solutions and offers usage-based insurance.
State Farm: Offers Steer Clear, a safe driver discount program, and is exploring autonomous vehicle insurance opportunities.
Progressive: Provides Snapshot, a usage-based insurance program, and is testing autonomous vehicle insurance policies.
Geico: Offers usage-based insurance and collaborates with tech companies for autonomous vehicle research.

Market Report Highlights

Market Size

      USD X.XX Billion

Market Growth

      X.XX%

Coverage Type

  • Liability
  • Collision
  • Comprehensive
  • Specialty coverage

Technology

  • Telematics
  • IoT
  • Blockchain

Regional Landscape

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

Key Companies Profiled

  • Allstate
  • Liberty Mutual
  • State Farm
  • Progressive
  • Geico

FAQs

1. What is the size of the self-driving car insurance market in Europe?
Answer: The report provides the market size and growth forecast for the self-driving car insurance market in Europe, including countries like the UK, France, and Germany.
2. What are the key drivers for the self-driving car insurance market?
Answer: The self-driving car insurance market is driven by increasing adoption of autonomous vehicles, government regulations, and advancements in technology.
3. Who are the major players in the self-driving car insurance market?
Answer: The report covers major players in the self-driving car insurance market, including Allstate, Liberty Mutual, State Farm, Progressive, and Geico.
4. What is the impact of vehicle-to-vehicle communication on the self-driving car insurance market?
Answer: Vehicle-to-vehicle communication enhances safety and reduces accidents, leading to a decrease in insurance claims and premiums.
5. How does telematics impact the self-driving car insurance market?
Answer: Telematics allows insurers to monitor driving behavior and assess risk, leading to personalized insurance policies and lower premiums.
6. What is the role of blockchain in the self-driving car insurance market?
Answer: Blockchain improves transparency and security in data sharing and claims management, reducing fraud and increasing efficiency.

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Table of Contents

1. Executive Summary

2. Market Landscape

3. Market Sizing

  • 3.1 Market definition
  • 3.2 Market segment analysis
  • 3.3 Market size 2023
  • 3.4 Market outlook: Forecast for 2024-2028

4. Historic Market Size

  • 4.1 Global market 2018 - 2022
  • 4.2 Type Segment Analysis 2018 - 2022
  • 4.3 Application Segment Analysis 2018 - 2022
  • 4.4 Geography Segment Analysis 2018 - 2022
  • 4.5 Country Segment Analysis 2018 - 2022

5. Five Forces Analysis

  • 5.1 Five forces summary
  • 5.2 Bargaining power of buyers
  • 5.3 Bargaining power of suppliers
  • 5.4 Threat of new entrants
  • 5.5 Threat of substitutes
  • 5.6 Threat of rivalry
  • 5.7 Market condition

6. Market Segmentation by Product Type

  • 6.1 Market segments
  • 6.2 Comparison by Product Type
  • 6.3 Market opportunity by Product Type

7. Market Segmentation by Application

  • 7.1 Market segments
  • 7.2 Comparison by Application
  • 7.3 Market opportunity by Application

8. Customer Landscape

  • 8.1 Customer landscape overview

9. Geographic Landscape

  • 9.1 Geographic segmentation
  • 9.2 Geographic comparison
  • 9.3 North America - Market size and forecast 2023-2028
  • 9.4 Europe - Market size and forecast 2023-2028
  • 9.5 APAC - Market size and forecast 2023-2028
  • 9.6 South America - Market size and forecast 2023-2028
  • 9.7 Middle East and Africa - Market size and forecast 2023-2028

10. Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges
  • 10.4 Market trends

11. Company Landscape

  • 11.1 Overview
  • 11.2 Company landscape
  • 11.3 Landscape disruption
  • 11.4 Industry risks

12. Company Analysis

  • 12.1 Companies covered
  • 12.2 Market positioning of companies

13. Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist
  • 13.3 Currency conversion rates for US$
  • 13.4 Research methodology
  • 13.5 List of abbreviations
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Self-Driving Car Insurance Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, UK, France, Germany, China - Size and Forecast 2024-2028
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