This statistic displays the number of insured vehicle years in the motor insurance market in Europe, from 2004 to 2016. The number of insured vehicles experienced an increase throughout the entire period. In 2016 there were over 215 million insured vehicles in the European motor market. between 2013 and 2014 there was a large jump in the number of insurance years.
According to the source, Insurance Europe, an insurance vehicle year 'A measure of exposure equivalent to one vehicle insured for one year, two vehicles insured for six months each, etc.'
Number of insured vehicle years* in Europe from 2004 to 2016
(in millions)
Characteristic
Insurance years in millions
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* includes motor third party liabilities and damage insurance. An insured vehicle year. A measure of exposure equivalent to one vehicle insured for one year, two vehicles
insured for six months each, etc.
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Insurance Europe. (February 8, 2019). Number of insured vehicle years* in Europe from 2004 to 2016 (in millions) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/981589/number-of-insured-vehicles-europe/
Insurance Europe. "Number of insured vehicle years* in Europe from 2004 to 2016 (in millions)." Chart. February 8, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/981589/number-of-insured-vehicles-europe/
Insurance Europe. (2019). Number of insured vehicle years* in Europe from 2004 to 2016 (in millions). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/981589/number-of-insured-vehicles-europe/
Insurance Europe. "Number of Insured Vehicle Years* in Europe from 2004 to 2016 (in Millions)." Statista, Statista Inc., 8 Feb 2019, https://www.statista.com/statistics/981589/number-of-insured-vehicles-europe/
Insurance Europe, Number of insured vehicle years* in Europe from 2004 to 2016 (in millions) Statista, https://www.statista.com/statistics/981589/number-of-insured-vehicles-europe/ (last visited July 22, 2024)
Number of insured vehicle years* in Europe from 2004 to 2016 (in millions) [Graph], Insurance Europe, February 8, 2019. [Online]. Available: https://www.statista.com/statistics/981589/number-of-insured-vehicles-europe/
