Product Code: A74742
According to a new report published by Allied Market Research, titled, "Rideshare Insurance Market," The rideshare insurance market was valued at $2.2 billion in 2022, and is estimated to reach $6.1 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
The increasing popularity of ridesharing services such as Uber and Lyft is driving the demand for insurance coverage for rideshare drivers. In addition, the growing awareness about insurance and the benefits of having insurance coverage is driving the demand for rideshare insurance. However, the high costs of insurance coverage for rideshare drivers is a significant restraint for the growth of the rideshare insurance market. On the contrary, the increasing use of technology in the ridesharing industry, such as telematics and predictive analytics, provides significant opportunities for the rideshare insurance market growth.
The rideshare insurance market is segmented into coverage and region. By coverage, the market is divided into liability coverage, collision coverage, underinsured/uninsured motorist coverage, comprehensive coverage, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The rideshare insurance market analysis includes top companies operating in the market such as Allstate Insurance Company, Progressive Casualty Insurance Company, State Farm Mutual Automobile Insurance Company, AXA, Allianz, Bingle Insurance, USAA, NerdWallet, Inc., Farmers, and Erie Indemnity Co. These players have adopted various strategies to increase their market penetration and strengthen their position in the rideshare insurance industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides in-depth analysis of the global rideshare insurance market along with current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global rideshare insurance market size are provided in the report.
- The Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global rideshare insurance market from 2022 to 2032 is provided to determine the market potential.
Key Market Segments
By Coverage
- Liability Coverage
- Collision Coverage
- Underinsured/Uninsured Motorist Coverage
- Comprehensive Coverage
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Allianz
- Allstate Insurance Company
- AXA
- Bingle Insurance
- Erie Indemnity Co.
- Farmers
- NerdWallet, Inc.
- Progressive Casualty Insurance Company
- State Farm Mutual Automobile Insurance Company
- USAA
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increasing demand for ridesharing services
- 3.4.1.2. Increasing awareness about rideshare insurance
- 3.4.2. Restraints
- 3.4.2.1. Lack of standardization
- 3.4.3. Opportunities
- 3.4.3.1. Innovation in products
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: RIDESHARE INSURANCE MARKET, BY COVERAGE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Liability Coverage
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Collision Coverage
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Underinsured/Uninsured Motorist Coverage
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Comprehensive Coverage
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
CHAPTER 5: RIDESHARE INSURANCE MARKET, BY REGION
- 5.1. Overview
- 5.1.1. Market size and forecast By Region
- 5.2. North America
- 5.2.1. Key trends and opportunities
- 5.2.2. Market size and forecast, by Coverage
- 5.2.3. Market size and forecast, by country
- 5.2.3.1. U.S.
- 5.2.3.1.1. Key market trends, growth factors and opportunities
- 5.2.3.1.2. Market size and forecast, by Coverage
- 5.2.3.2. Canada
- 5.2.3.2.1. Key market trends, growth factors and opportunities
- 5.2.3.2.2. Market size and forecast, by Coverage
- 5.3. Europe
- 5.3.1. Key trends and opportunities
- 5.3.2. Market size and forecast, by Coverage
- 5.3.3. Market size and forecast, by country
- 5.3.3.1. UK
- 5.3.3.1.1. Key market trends, growth factors and opportunities
- 5.3.3.1.2. Market size and forecast, by Coverage
- 5.3.3.2. Germany
- 5.3.3.2.1. Key market trends, growth factors and opportunities
- 5.3.3.2.2. Market size and forecast, by Coverage
- 5.3.3.3. France
- 5.3.3.3.1. Key market trends, growth factors and opportunities
- 5.3.3.3.2. Market size and forecast, by Coverage
- 5.3.3.4. Italy
- 5.3.3.4.1. Key market trends, growth factors and opportunities
- 5.3.3.4.2. Market size and forecast, by Coverage
- 5.3.3.5. Spain
- 5.3.3.5.1. Key market trends, growth factors and opportunities
- 5.3.3.5.2. Market size and forecast, by Coverage
- 5.3.3.6. Rest of Europe
- 5.3.3.6.1. Key market trends, growth factors and opportunities
- 5.3.3.6.2. Market size and forecast, by Coverage
- 5.4. Asia-Pacific
- 5.4.1. Key trends and opportunities
- 5.4.2. Market size and forecast, by Coverage
- 5.4.3. Market size and forecast, by country
- 5.4.3.1. China
- 5.4.3.1.1. Key market trends, growth factors and opportunities
- 5.4.3.1.2. Market size and forecast, by Coverage
- 5.4.3.2. Japan
- 5.4.3.2.1. Key market trends, growth factors and opportunities
- 5.4.3.2.2. Market size and forecast, by Coverage
- 5.4.3.3. India
- 5.4.3.3.1. Key market trends, growth factors and opportunities
- 5.4.3.3.2. Market size and forecast, by Coverage
- 5.4.3.4. Australia
- 5.4.3.4.1. Key market trends, growth factors and opportunities
- 5.4.3.4.2. Market size and forecast, by Coverage
- 5.4.3.5. South Korea
- 5.4.3.5.1. Key market trends, growth factors and opportunities
- 5.4.3.5.2. Market size and forecast, by Coverage
- 5.4.3.6. Rest of Asia-Pacific
- 5.4.3.6.1. Key market trends, growth factors and opportunities
- 5.4.3.6.2. Market size and forecast, by Coverage
- 5.5. LAMEA
- 5.5.1. Key trends and opportunities
- 5.5.2. Market size and forecast, by Coverage
- 5.5.3. Market size and forecast, by country
- 5.5.3.1. Latin America
- 5.5.3.1.1. Key market trends, growth factors and opportunities
- 5.5.3.1.2. Market size and forecast, by Coverage
- 5.5.3.2. Middle East
- 5.5.3.2.1. Key market trends, growth factors and opportunities
- 5.5.3.2.2. Market size and forecast, by Coverage
- 5.5.3.3. Africa
- 5.5.3.3.1. Key market trends, growth factors and opportunities
- 5.5.3.3.2. Market size and forecast, by Coverage
CHAPTER 6: COMPETITIVE LANDSCAPE
- 6.1. Introduction
- 6.2. Top winning strategies
- 6.3. Product Mapping of Top 10 Player
- 6.4. Competitive Dashboard
- 6.5. Competitive Heatmap
- 6.6. Top player positioning, 2022
CHAPTER 7: COMPANY PROFILES
- 7.1. Allstate Insurance Company
- 7.1.1. Company overview
- 7.1.2. Key Executives
- 7.1.3. Company snapshot
- 7.1.4. Operating business segments
- 7.1.5. Product portfolio
- 7.1.6. Business performance
- 7.1.7. Key strategic moves and developments
- 7.2. Progressive Casualty Insurance Company
- 7.2.1. Company overview
- 7.2.2. Key Executives
- 7.2.3. Company snapshot
- 7.2.4. Operating business segments
- 7.2.5. Product portfolio
- 7.2.6. Business performance
- 7.2.7. Key strategic moves and developments
- 7.3. State Farm Mutual Automobile Insurance Company
- 7.3.1. Company overview
- 7.3.2. Key Executives
- 7.3.3. Company snapshot
- 7.3.4. Operating business segments
- 7.3.5. Product portfolio
- 7.4. AXA
- 7.4.1. Company overview
- 7.4.2. Key Executives
- 7.4.3. Company snapshot
- 7.4.4. Operating business segments
- 7.4.5. Product portfolio
- 7.4.6. Business performance
- 7.5. Allianz
- 7.5.1. Company overview
- 7.5.2. Key Executives
- 7.5.3. Company snapshot
- 7.5.4. Operating business segments
- 7.5.5. Product portfolio
- 7.5.6. Business performance
- 7.5.7. Key strategic moves and developments
- 7.6. Bingle Insurance
- 7.6.1. Company overview
- 7.6.2. Key Executives
- 7.6.3. Company snapshot
- 7.6.4. Operating business segments
- 7.6.5. Product portfolio
- 7.7. USAA
- 7.7.1. Company overview
- 7.7.2. Key Executives
- 7.7.3. Company snapshot
- 7.7.4. Operating business segments
- 7.7.5. Product portfolio
- 7.8. NerdWallet, Inc.
- 7.8.1. Company overview
- 7.8.2. Key Executives
- 7.8.3. Company snapshot
- 7.8.4. Operating business segments
- 7.8.5. Product portfolio
- 7.8.6. Business performance
- 7.9. Farmers
- 7.9.1. Company overview
- 7.9.2. Key Executives
- 7.9.3. Company snapshot
- 7.9.4. Operating business segments
- 7.9.5. Product portfolio
- 7.9.6. Key strategic moves and developments
- 7.10. Erie Indemnity Co.
- 7.10.1. Company overview
- 7.10.2. Key Executives
- 7.10.3. Company snapshot
- 7.10.4. Operating business segments
- 7.10.5. Product portfolio
- 7.10.6. Business performance