The penetration rate of vehicle insurance in the Spanish market decreased year-on-year from 2005 to 2023, except in the years 2016 and 2020, when slight increases were observed. In 2023, the annual penetration rate in the Spanish auto insurance sector stood at 0.83 percent. The year 2020 marked the highest increase during the period under observation, although the rate of penetration remains significantly below the rates obtained prior to 2009.
Annual penetration rate in the auto insurance sector in Spain from 2005 to 2023
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Mapfre. (September 23, 2024). Annual penetration rate in the auto insurance sector in Spain from 2005 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/773810/penetration-in-he-sector-insurer-from-cars-in-spain/
Mapfre. "Annual penetration rate in the auto insurance sector in Spain from 2005 to 2023." Chart. September 23, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/773810/penetration-in-he-sector-insurer-from-cars-in-spain/
Mapfre. (2024). Annual penetration rate in the auto insurance sector in Spain from 2005 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/773810/penetration-in-he-sector-insurer-from-cars-in-spain/
Mapfre. "Annual Penetration Rate in The Auto Insurance Sector in Spain from 2005 to 2023." Statista, Statista Inc., 23 Sep 2024, https://www.statista.com/statistics/773810/penetration-in-he-sector-insurer-from-cars-in-spain/
Mapfre, Annual penetration rate in the auto insurance sector in Spain from 2005 to 2023 Statista, https://www.statista.com/statistics/773810/penetration-in-he-sector-insurer-from-cars-in-spain/ (last visited November 21, 2024)
Annual penetration rate in the auto insurance sector in Spain from 2005 to 2023 [Graph], Mapfre, September 23, 2024. [Online]. Available: https://www.statista.com/statistics/773810/penetration-in-he-sector-insurer-from-cars-in-spain/
