The global automotive usage-based insurance (UBI) market was forecast to grow to 105.12 billion U.S. dollars by 2027, up from 15.62 billion U.S. dollars in 2018. UBI is also known as pay as you drive (PAYD) and pay how you drive (PHYD), as it the practice of collecting driving data from a vehicle to calculate the auto premium of the respective driver.
Market size of automotive usage based insurance (UBI) market worldwide in 2018 and 2027
(in billion U.S. dollars)
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MarketWatch. (November 25, 2019). Market size of automotive usage based insurance (UBI) market worldwide in 2018 and 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1082127/market-size-ubi-market-worldwide/
MarketWatch. "Market size of automotive usage based insurance (UBI) market worldwide in 2018 and 2027 (in billion U.S. dollars)." Chart. November 25, 2019. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1082127/market-size-ubi-market-worldwide/
MarketWatch. (2019). Market size of automotive usage based insurance (UBI) market worldwide in 2018 and 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1082127/market-size-ubi-market-worldwide/
MarketWatch. "Market Size of Automotive Usage Based Insurance (Ubi) Market Worldwide in 2018 and 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Nov 2019, https://www.statista.com/statistics/1082127/market-size-ubi-market-worldwide/
MarketWatch, Market size of automotive usage based insurance (UBI) market worldwide in 2018 and 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1082127/market-size-ubi-market-worldwide/ (last visited December 23, 2024)
Market size of automotive usage based insurance (UBI) market worldwide in 2018 and 2027 (in billion U.S. dollars) [Graph], MarketWatch, November 25, 2019. [Online]. Available: https://www.statista.com/statistics/1082127/market-size-ubi-market-worldwide/
