Global Vehicle Loss Insurance Market Growth (Status and Outlook) 2024-2030

Report ID: 2891414 | Published Date: Feb 2025 | No. of Page: 110 | Base Year: 2024 | Rating: 4.2 | Webstory: Check our Web story

Vehicle loss insurance is a type of insurance that covers physical loss or damage to your vehicle from various causes. These causes include, but are not limited to, collisions, fires, thefts, natural disasters (such as storms, floods, earthquakes), and vandalism.

The global Vehicle Loss Insurance market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.

ReportPrime's newest research report, the “Vehicle Loss Insurance Industry Forecast” looks at past sales and reviews total world Vehicle Loss Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Vehicle Loss Insurance sales for 2023 through 2029. With Vehicle Loss Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Loss Insurance industry.

This Insight Report provides a comprehensive analysis of the global Vehicle Loss Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Vehicle Loss Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle Loss Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Loss Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle Loss Insurance.

United States market for Vehicle Loss Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Vehicle Loss Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Vehicle Loss Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Vehicle Loss Insurance players cover:

  • Progressive Corporation
  • Allstate Corporation
  • State Farm Insurance
  • Nationwide Mutual Insurance Company
  • Farmers Insurance Group

In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of the Vehicle Loss Insurance market by product type, application, key players, and key regions and countries.

Segmentation by Type:

  • Basic Vehicle Damage Insurance
  • Comprehensive Vehicle Loss Insurance

Segmentation by Application:

  • Passenger Car
  • Commercial Vehicle

This report also splits the market by region:

  • Americas
    • United States
    • Canada
    • Mexico
    • Brazil
  • APAC
    • China
    • Japan
    • Korea
    • Southeast Asia
    • India
    • Australia
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
  • Middle East & Africa
    • Egypt
    • South Africa
    • Israel
    • Turkey
    • GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration:

  • Progressive Corporation
  • Allstate Corporation
  • State Farm Insurance
  • Nationwide Mutual Insurance Company
  • Farmers Insurance Group
  • Liberty Mutual Insurance
  • Travelers Companies
  • American Family Insurance
  • Erie Insurance Group
  • Auto-Owners Insurance
  • MetLife Auto & Home
  • The Hartford
  • Amica Mutual Insurance Company
Frequently Asked Questions
Vehicle Loss Insurance report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Vehicle Loss Insurance report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Vehicle Loss Insurance report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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