US Automotive Usage-Based Insurance (UBI) Growth Opportunities

reogma|US Automotive Usage-Based Insurance (UBI) Growth Opportunities

Usage-Based Insurance is fast becoming a revolution in the United States as it offers a package of benefits such as Attracting low-risk drivers. Enhancing customer loyalty. Reducing claims costs. Increasing the number of potential touch-points per year which is altering the face of the Auto-Insurance Industry and is poised to grow at a CAGR of 21.2% to reach a Market Value of US$ 30.91 Bn in the year 2025.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Post COVID-19 Recovery
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Further Reading
  • Appendix

Definition / Scope

Usage-Based Insurance (UBI) is a type of auto insurance that keeps track of the users driving habits and mileage. UBI is frequently powered by in-vehicle telecommunication devices (telematics)-technology that can be self-installed via a plug-in device or that is already integrated in original equipment installed by car manufacturers. It may also be accessed via mobile applications. The primary premise behind UBI is that a driver's behavior is directly observed while he or she is driving, allowing insurers to better align driving behaviors with premium rates.

Various Types of Usage-Based Car Insurance

Pay as You Drive (PAYD)

In the case of Pay as You Drive insurance, the premium is calculated based on the amount of driving done.

Pay How You Drive (PHYD)

In the Pay How You Drive model, the car insurance premium is calculated depending on driving skills such as acceleration, braking, and so on.

Pay as You Go (PAYG)

The Pay as You Go car insurance concept necessitates the installation of a Telematics device and can include any of the criteria such as data collected from the vehicle, including speed and time-of-day information, historic riskiness of the road, driving actions in addition to distance or time travelled.

Distance-based Insurance

Pay Per Mile auto insurance is dependent on how many miles the vehicle travels during the coverage period.

reogma|US Automotive Usage-Based Insurance (UBI) Growth Opportunities


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Usage-Based Insurance is fast becoming a revolution in the United States as it offers a package of benefits such as Attracting low-risk drivers. Enhancing customer loyalty. Reducing claims costs. Increasing the number of potential touch-points per year which is altering the face of the Auto-Insurance Industry and is poised to […]
reogma|US Automotive Usage-Based Insurance (UBI) Growth Opportunitiesreogma|US Automotive Usage-Based Insurance (UBI) Growth Opportunities

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