The global short-term car insurance market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing number of vehicles on roads and rising demand for short-term car insurance policies. The increasing number of vehicles on roads has led to an increase in accidents and hence, there is a need for short-term car insurance policies that can provide coverage for these accidents. The global short-term car insurance market by type includes comprehensive coverage and single coverage. Comprehensive coverage provides protection against theft, fire, vandalism, collision with animals or objects other than cars or trucks, as well as damage caused by natural disasters such as floods or earthquakes. Single coverage provides protection against theft only and does not cover any other risks associated with the vehicle such as collision with animals or objects other than cars or trucks; damage caused by natural disasters; fire; vandalism; etcetera. Insurance intermediaries are one of the major end users of this product type which include banks and financial institutions that offer loans against collateral security such as property deeds and stocks/bonds certificates among others. Insurance companies are another major end user which include insurers who offer various types of life assurance products including health care plans among others while brokers are also another major end user which includes individuals who act on behalf of clients in negotiating contracts between buyers and sellers without taking possession themselves.
- The number of cars on the road is increasing, which means more drivers are looking for car insurance.
- The cost of car insurance is going up, which means more people are looking for cheaper alternatives to their current policy.
- More people are living in urban areas and driving less, which means they're not buying as much gas and therefore not paying as much in taxes that go towards highway maintenance and construction projects that help keep the roads safe for drivers.
- There's been a rise in distracted driving due to smartphones, which has led to an increase in accidents and injuries on the roadways; this has caused many drivers to look into getting additional coverage such as collision or comprehensive coverage that will cover them if they get into an accident while using their phone behind the wheel or if their vehicle sustains damage from a natural disaster like hail or flooding while it's parked outside of their home or office building; this has also led some drivers to purchase uninsured motorist coverage so they'll be covered if someone else causes an accident with them while they're driving without any liability insurance on their own part; these types of policies have become increasingly popular over recent years because there's been a rise in lawsuits against those who cause accidents with other motorists who don't have any type of liability insurance at all - even though it can be difficult for those who've been injured by another driver without liability insurance to collect damages from them because there's no way for them to pay up what they owe after causing an accident with someone else who doesn't have any type of auto-insurance protection whatsoever - so many people are opting out of purchasing uninsured motorist coverage altogether because it can be difficult enough just trying to recover from being injured by another driver without having anything at all when you're dealing with someone else who doesn't have any type of auto-insurance protection whatsoever but still caused you harm through negligence when operating a vehicle themselves; this is one reason why uninsured motorist coverage has become increasingly popular over recent years among those seeking additional protection beyond what traditional car insurance provides since it covers you against being harmed by another driver without liability insurance at all - even though it can be difficult enough just trying to recover from being injured by another driver without having anything at all when you're dealing with someone else who doesn't have any type of auto-insurance protection whatsoever but still caused you harm through negligence when operating a vehicle themselves - so many people are opting out of purchasing uninsured motorist coverage altogether because it can be difficult enough just trying to recover from being injured by another driver without having anything at all when you're dealing with someone else who doesn't have any type of auto-insurance protection whatsoever but still caused you harm through negligence when operating a vehicle themselves.
Industry Growth Insights published a new data on “Short-term Car Insurance Market”. The research report is titled “Short-term Car Insurance Market research by Types (Comprehensive Coverage Insurance, Single Coverage Insurance), By Applications (Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Others), By Players/Companies AXA, Allstate Insurance, Berkshire Hathaway, Allianz, AIG, Generali, State Farm Insurance, Munich Reinsurance, Metlife, Nippon Life Insurance, Ping An, PICC, China Life Insurance, Cuvva, Dayinsure”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Short-term Car Insurance Market Research Report
By Type
Comprehensive Coverage Insurance, Single Coverage Insurance
By Application
Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Others
By Companies
AXA, Allstate Insurance, Berkshire Hathaway, Allianz, AIG, Generali, State Farm Insurance, Munich Reinsurance, Metlife, Nippon Life Insurance, Ping An, PICC, China Life Insurance, Cuvva, Dayinsure
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Short-term Car Insurance Market Report Segments:
The global Short-term Car Insurance market is segmented on the basis of:
Types
Comprehensive Coverage Insurance, Single Coverage Insurance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AXA
- Allstate Insurance
- Berkshire Hathaway
- Allianz
- AIG
- Generali
- State Farm Insurance
- Munich Reinsurance
- Metlife
- Nippon Life Insurance
- Ping An
- PICC
- China Life Insurance
- Cuvva
- Dayinsure
Highlights of The Short-term Car Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Comprehensive Coverage Insurance
- Single Coverage Insurance
- By Application:
- Insurance Intermediaries
- Insurance Company
- Bank
- Insurance Broker
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Short-term Car Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Short-term car insurance is a policy that provides coverage for a set period of time, typically three months or less. Short-term policies are designed to provide temporary protection in the event of an accident or theft, and often have lower premiums than traditional car insurance policies.
Some of the major players in the short-term car insurance market are AXA, Allstate Insurance, Berkshire Hathaway, Allianz, AIG, Generali, State Farm Insurance, Munich Reinsurance, Metlife, Nippon Life Insurance, Ping An, PICC, China Life Insurance, Cuvva, Dayinsure.
The short-term car insurance market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Short-term Car Insurance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Short-term Car Insurance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Short-term Car Insurance Market - Supply Chain
4.5. Global Short-term Car Insurance Market Forecast
4.5.1. Short-term Car Insurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Short-term Car Insurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Short-term Car Insurance Market Absolute $ Opportunity
5. Global Short-term Car Insurance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Short-term Car Insurance Market Size and Volume Forecast by Type
5.3.1. Comprehensive Coverage Insurance
5.3.2. Single Coverage Insurance
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Short-term Car Insurance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Short-term Car Insurance Market Size and Volume Forecast by Application
6.3.1. Insurance Intermediaries
6.3.2. Insurance Company
6.3.3. Bank
6.3.4. Insurance Broker
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Short-term Car Insurance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Short-term Car Insurance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Short-term Car Insurance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Short-term Car Insurance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Short-term Car Insurance Demand Share Forecast, 2019-2026
9. North America Short-term Car Insurance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Short-term Car Insurance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Short-term Car Insurance Market Size and Volume Forecast by Application
9.4.1. Insurance Intermediaries
9.4.2. Insurance Company
9.4.3. Bank
9.4.4. Insurance Broker
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Short-term Car Insurance Market Size and Volume Forecast by Type
9.7.1. Comprehensive Coverage Insurance
9.7.2. Single Coverage Insurance
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Short-term Car Insurance Demand Share Forecast, 2019-2026
10. Latin America Short-term Car Insurance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Short-term Car Insurance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Short-term Car Insurance Market Size and Volume Forecast by Application
10.4.1. Insurance Intermediaries
10.4.2. Insurance Company
10.4.3. Bank
10.4.4. Insurance Broker
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Short-term Car Insurance Market Size and Volume Forecast by Type
10.7.1. Comprehensive Coverage Insurance
10.7.2. Single Coverage Insurance
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Short-term Car Insurance Demand Share Forecast, 2019-2026
11. Europe Short-term Car Insurance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Short-term Car Insurance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Short-term Car Insurance Market Size and Volume Forecast by Application
11.4.1. Insurance Intermediaries
11.4.2. Insurance Company
11.4.3. Bank
11.4.4. Insurance Broker
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Short-term Car Insurance Market Size and Volume Forecast by Type
11.7.1. Comprehensive Coverage Insurance
11.7.2. Single Coverage Insurance
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Short-term Car Insurance Demand Share, 2019-2026
12. Asia Pacific Short-term Car Insurance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Short-term Car Insurance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Short-term Car Insurance Market Size and Volume Forecast by Application
12.4.1. Insurance Intermediaries
12.4.2. Insurance Company
12.4.3. Bank
12.4.4. Insurance Broker
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Short-term Car Insurance Market Size and Volume Forecast by Type
12.7.1. Comprehensive Coverage Insurance
12.7.2. Single Coverage Insurance
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Short-term Car Insurance Demand Share, 2019-2026
13. Middle East & Africa Short-term Car Insurance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Short-term Car Insurance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Short-term Car Insurance Market Size and Volume Forecast by Application
13.4.1. Insurance Intermediaries
13.4.2. Insurance Company
13.4.3. Bank
13.4.4. Insurance Broker
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Short-term Car Insurance Market Size and Volume Forecast by Type
13.7.1. Comprehensive Coverage Insurance
13.7.2. Single Coverage Insurance
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Short-term Car Insurance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Short-term Car Insurance Market: Market Share Analysis
14.2. Short-term Car Insurance Distributors and Customers
14.3. Short-term Car Insurance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AXA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Allstate Insurance
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Berkshire Hathaway
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Allianz
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AIG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Generali
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. State Farm Insurance
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Munich Reinsurance
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Metlife
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nippon Life Insurance
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ping An
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PICC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. China Life Insurance
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Cuvva
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dayinsure
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook