Home Automotive and Transportation Usage-based Insurance UBI Market Size, Share & Trends Report by 2034

Usage-based Insurance UBI Market Size & Outlook, 2026-2034

Usage-based Insurance UBI Market Size, Share & Trends Analysis Report By Policy Type (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD), Pay-As-You-Go (PAYG), Distance-Based Insurance), By Technology Type (On-Board Diagnostics (OBD-II) Devices, Embedded Telematics Systems, Smartphone-Based Platforms, Black-Box Devices, Hybrid Data Models), By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)), By Application (Individual Vehicle Insurance, Commercial Insurance, Shared Mobility Platforms, Pay-Per-Mile Leasing Models, OEM-Integrated Insurance) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2026-2034

Report Code: SRAT57757DR
Last Updated : Dec, 2025
Pages : 110
Author : Pavan Warade
Format : PDF, Excel

Market Segmentation

  1. Usage-based Insurance UBI Market, By Policy Type (2022-2034)
    1. Pay-As-You-Drive (PAYD)
    2. Pay-How-You-Drive (PHYD)
    3. Manage-How-You-Drive (MHYD)
    4. Pay-As-You-Go (PAYG)
    5. Distance-Based Insurance
  2. Usage-based Insurance UBI Market, By Technology Type (2022-2034)
    1. On-Board Diagnostics (OBD-II) Devices
    2. Embedded Telematics Systems
    3. Smartphone-Based Platforms
    4. Black-Box Devices
    5. Hybrid Data Models
  3. Usage-based Insurance UBI Market, By Vehicle Type (2022-2034)
    1. Passenger Cars
    2. Light Commercial Vehicles (LCVs)
    3. Heavy Commercial Vehicles (HCVs)
  4. Usage-based Insurance UBI Market, By Application (2022-2034)
    1. Individual Vehicle Insurance
    2. Commercial Insurance
    3. Shared Mobility Platforms
    4. Pay-Per-Mile Leasing Models
    5. OEM-Integrated Insurance
    1. North America
      1. North America Usage-based Insurance UBI Market, By Policy Type
        1. Pay-As-You-Drive (PAYD)
          1. Pay-How-You-Drive (PHYD)
            1. Manage-How-You-Drive (MHYD)
              1. Pay-As-You-Go (PAYG)
                1. Distance-Based Insurance
                2. North America Usage-based Insurance UBI Market, By Technology Type
                  1. On-Board Diagnostics (OBD-II) Devices
                    1. Embedded Telematics Systems
                      1. Smartphone-Based Platforms
                        1. Black-Box Devices
                          1. Hybrid Data Models
                          2. North America Usage-based Insurance UBI Market, By Vehicle Type
                            1. Passenger Cars
                              1. Light Commercial Vehicles (LCVs)
                                1. Heavy Commercial Vehicles (HCVs)
                                2. North America Usage-based Insurance UBI Market, By Application
                                  1. Individual Vehicle Insurance
                                    1. Commercial Insurance
                                      1. Shared Mobility Platforms
                                        1. Pay-Per-Mile Leasing Models
                                          1. OEM-Integrated Insurance
                                          2. U.S.
                                            1. U.S. Usage-based Insurance UBI Market, By Policy Type
                                              1. Pay-As-You-Drive (PAYD)
                                                1. Pay-How-You-Drive (PHYD)
                                                  1. Manage-How-You-Drive (MHYD)
                                                    1. Pay-As-You-Go (PAYG)
                                                      1. Distance-Based Insurance
                                                      2. U.S. Usage-based Insurance UBI Market, By Technology Type
                                                        1. On-Board Diagnostics (OBD-II) Devices
                                                          1. Embedded Telematics Systems
                                                            1. Smartphone-Based Platforms
                                                              1. Black-Box Devices
                                                                1. Hybrid Data Models
                                                                2. U.S. Usage-based Insurance UBI Market, By Vehicle Type
                                                                  1. Passenger Cars
                                                                    1. Light Commercial Vehicles (LCVs)
                                                                      1. Heavy Commercial Vehicles (HCVs)
                                                                      2. U.S. Usage-based Insurance UBI Market, By Application
                                                                        1. Individual Vehicle Insurance
                                                                          1. Commercial Insurance
                                                                            1. Shared Mobility Platforms
                                                                              1. Pay-Per-Mile Leasing Models
                                                                                1. OEM-Integrated Insurance
                                                                              2. Canada
                                                                            2. Europe
                                                                              1. Europe Usage-based Insurance UBI Market, By Policy Type
                                                                                1. Pay-As-You-Drive (PAYD)
                                                                                  1. Pay-How-You-Drive (PHYD)
                                                                                    1. Manage-How-You-Drive (MHYD)
                                                                                      1. Pay-As-You-Go (PAYG)
                                                                                        1. Distance-Based Insurance
                                                                                        2. Europe Usage-based Insurance UBI Market, By Technology Type
                                                                                          1. On-Board Diagnostics (OBD-II) Devices
                                                                                            1. Embedded Telematics Systems
                                                                                              1. Smartphone-Based Platforms
                                                                                                1. Black-Box Devices
                                                                                                  1. Hybrid Data Models
                                                                                                  2. Europe Usage-based Insurance UBI Market, By Vehicle Type
                                                                                                    1. Passenger Cars
                                                                                                      1. Light Commercial Vehicles (LCVs)
                                                                                                        1. Heavy Commercial Vehicles (HCVs)
                                                                                                        2. Europe Usage-based Insurance UBI Market, By Application
                                                                                                          1. Individual Vehicle Insurance
                                                                                                            1. Commercial Insurance
                                                                                                              1. Shared Mobility Platforms
                                                                                                                1. Pay-Per-Mile Leasing Models
                                                                                                                  1. OEM-Integrated Insurance
                                                                                                                  2. U.K.
                                                                                                                    1. U.K. Usage-based Insurance UBI Market, By Policy Type
                                                                                                                      1. Pay-As-You-Drive (PAYD)
                                                                                                                        1. Pay-How-You-Drive (PHYD)
                                                                                                                          1. Manage-How-You-Drive (MHYD)
                                                                                                                            1. Pay-As-You-Go (PAYG)
                                                                                                                              1. Distance-Based Insurance
                                                                                                                              2. U.K. Usage-based Insurance UBI Market, By Technology Type
                                                                                                                                1. On-Board Diagnostics (OBD-II) Devices
                                                                                                                                  1. Embedded Telematics Systems
                                                                                                                                    1. Smartphone-Based Platforms
                                                                                                                                      1. Black-Box Devices
                                                                                                                                        1. Hybrid Data Models
                                                                                                                                        2. U.K. Usage-based Insurance UBI Market, By Vehicle Type
                                                                                                                                          1. Passenger Cars
                                                                                                                                            1. Light Commercial Vehicles (LCVs)
                                                                                                                                              1. Heavy Commercial Vehicles (HCVs)
                                                                                                                                              2. U.K. Usage-based Insurance UBI Market, By Application
                                                                                                                                                1. Individual Vehicle Insurance
                                                                                                                                                  1. Commercial Insurance
                                                                                                                                                    1. Shared Mobility Platforms
                                                                                                                                                      1. Pay-Per-Mile Leasing Models
                                                                                                                                                        1. OEM-Integrated Insurance
                                                                                                                                                      2. Germany
                                                                                                                                                      3. France
                                                                                                                                                      4. Spain
                                                                                                                                                      5. Italy
                                                                                                                                                      6. Russia
                                                                                                                                                      7. Nordic
                                                                                                                                                      8. Benelux
                                                                                                                                                      9. Rest of Europe
                                                                                                                                                    2. APAC
                                                                                                                                                      1. APAC Usage-based Insurance UBI Market, By Policy Type
                                                                                                                                                        1. Pay-As-You-Drive (PAYD)
                                                                                                                                                          1. Pay-How-You-Drive (PHYD)
                                                                                                                                                            1. Manage-How-You-Drive (MHYD)
                                                                                                                                                              1. Pay-As-You-Go (PAYG)
                                                                                                                                                                1. Distance-Based Insurance
                                                                                                                                                                2. APAC Usage-based Insurance UBI Market, By Technology Type
                                                                                                                                                                  1. On-Board Diagnostics (OBD-II) Devices
                                                                                                                                                                    1. Embedded Telematics Systems
                                                                                                                                                                      1. Smartphone-Based Platforms
                                                                                                                                                                        1. Black-Box Devices
                                                                                                                                                                          1. Hybrid Data Models
                                                                                                                                                                          2. APAC Usage-based Insurance UBI Market, By Vehicle Type
                                                                                                                                                                            1. Passenger Cars
                                                                                                                                                                              1. Light Commercial Vehicles (LCVs)
                                                                                                                                                                                1. Heavy Commercial Vehicles (HCVs)
                                                                                                                                                                                2. APAC Usage-based Insurance UBI Market, By Application
                                                                                                                                                                                  1. Individual Vehicle Insurance
                                                                                                                                                                                    1. Commercial Insurance
                                                                                                                                                                                      1. Shared Mobility Platforms
                                                                                                                                                                                        1. Pay-Per-Mile Leasing Models
                                                                                                                                                                                          1. OEM-Integrated Insurance
                                                                                                                                                                                          2. China
                                                                                                                                                                                            1. China Usage-based Insurance UBI Market, By Policy Type
                                                                                                                                                                                              1. Pay-As-You-Drive (PAYD)
                                                                                                                                                                                                1. Pay-How-You-Drive (PHYD)
                                                                                                                                                                                                  1. Manage-How-You-Drive (MHYD)
                                                                                                                                                                                                    1. Pay-As-You-Go (PAYG)
                                                                                                                                                                                                      1. Distance-Based Insurance
                                                                                                                                                                                                      2. China Usage-based Insurance UBI Market, By Technology Type
                                                                                                                                                                                                        1. On-Board Diagnostics (OBD-II) Devices
                                                                                                                                                                                                          1. Embedded Telematics Systems
                                                                                                                                                                                                            1. Smartphone-Based Platforms
                                                                                                                                                                                                              1. Black-Box Devices
                                                                                                                                                                                                                1. Hybrid Data Models
                                                                                                                                                                                                                2. China Usage-based Insurance UBI Market, By Vehicle Type
                                                                                                                                                                                                                  1. Passenger Cars
                                                                                                                                                                                                                    1. Light Commercial Vehicles (LCVs)
                                                                                                                                                                                                                      1. Heavy Commercial Vehicles (HCVs)
                                                                                                                                                                                                                      2. China Usage-based Insurance UBI Market, By Application
                                                                                                                                                                                                                        1. Individual Vehicle Insurance
                                                                                                                                                                                                                          1. Commercial Insurance
                                                                                                                                                                                                                            1. Shared Mobility Platforms
                                                                                                                                                                                                                              1. Pay-Per-Mile Leasing Models
                                                                                                                                                                                                                                1. OEM-Integrated Insurance
                                                                                                                                                                                                                              2. Korea
                                                                                                                                                                                                                              3. Japan
                                                                                                                                                                                                                              4. India
                                                                                                                                                                                                                              5. Australia
                                                                                                                                                                                                                              6. Taiwan
                                                                                                                                                                                                                              7. South East Asia
                                                                                                                                                                                                                              8. Rest of Asia-Pacific
                                                                                                                                                                                                                            2. Middle East and Africa
                                                                                                                                                                                                                              1. Middle East and Africa Usage-based Insurance UBI Market, By Policy Type
                                                                                                                                                                                                                                1. Pay-As-You-Drive (PAYD)
                                                                                                                                                                                                                                  1. Pay-How-You-Drive (PHYD)
                                                                                                                                                                                                                                    1. Manage-How-You-Drive (MHYD)
                                                                                                                                                                                                                                      1. Pay-As-You-Go (PAYG)
                                                                                                                                                                                                                                        1. Distance-Based Insurance
                                                                                                                                                                                                                                        2. Middle East and Africa Usage-based Insurance UBI Market, By Technology Type
                                                                                                                                                                                                                                          1. On-Board Diagnostics (OBD-II) Devices
                                                                                                                                                                                                                                            1. Embedded Telematics Systems
                                                                                                                                                                                                                                              1. Smartphone-Based Platforms
                                                                                                                                                                                                                                                1. Black-Box Devices
                                                                                                                                                                                                                                                  1. Hybrid Data Models
                                                                                                                                                                                                                                                  2. Middle East and Africa Usage-based Insurance UBI Market, By Vehicle Type
                                                                                                                                                                                                                                                    1. Passenger Cars
                                                                                                                                                                                                                                                      1. Light Commercial Vehicles (LCVs)
                                                                                                                                                                                                                                                        1. Heavy Commercial Vehicles (HCVs)
                                                                                                                                                                                                                                                        2. Middle East and Africa Usage-based Insurance UBI Market, By Application
                                                                                                                                                                                                                                                          1. Individual Vehicle Insurance
                                                                                                                                                                                                                                                            1. Commercial Insurance
                                                                                                                                                                                                                                                              1. Shared Mobility Platforms
                                                                                                                                                                                                                                                                1. Pay-Per-Mile Leasing Models
                                                                                                                                                                                                                                                                  1. OEM-Integrated Insurance
                                                                                                                                                                                                                                                                  2. UAE
                                                                                                                                                                                                                                                                    1. UAE Usage-based Insurance UBI Market, By Policy Type
                                                                                                                                                                                                                                                                      1. Pay-As-You-Drive (PAYD)
                                                                                                                                                                                                                                                                        1. Pay-How-You-Drive (PHYD)
                                                                                                                                                                                                                                                                          1. Manage-How-You-Drive (MHYD)
                                                                                                                                                                                                                                                                            1. Pay-As-You-Go (PAYG)
                                                                                                                                                                                                                                                                              1. Distance-Based Insurance
                                                                                                                                                                                                                                                                              2. UAE Usage-based Insurance UBI Market, By Technology Type
                                                                                                                                                                                                                                                                                1. On-Board Diagnostics (OBD-II) Devices
                                                                                                                                                                                                                                                                                  1. Embedded Telematics Systems
                                                                                                                                                                                                                                                                                    1. Smartphone-Based Platforms
                                                                                                                                                                                                                                                                                      1. Black-Box Devices
                                                                                                                                                                                                                                                                                        1. Hybrid Data Models
                                                                                                                                                                                                                                                                                        2. UAE Usage-based Insurance UBI Market, By Vehicle Type
                                                                                                                                                                                                                                                                                          1. Passenger Cars
                                                                                                                                                                                                                                                                                            1. Light Commercial Vehicles (LCVs)
                                                                                                                                                                                                                                                                                              1. Heavy Commercial Vehicles (HCVs)
                                                                                                                                                                                                                                                                                              2. UAE Usage-based Insurance UBI Market, By Application
                                                                                                                                                                                                                                                                                                1. Individual Vehicle Insurance
                                                                                                                                                                                                                                                                                                  1. Commercial Insurance
                                                                                                                                                                                                                                                                                                    1. Shared Mobility Platforms
                                                                                                                                                                                                                                                                                                      1. Pay-Per-Mile Leasing Models
                                                                                                                                                                                                                                                                                                        1. OEM-Integrated Insurance
                                                                                                                                                                                                                                                                                                      2. Turkey
                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                      1. LATAM Usage-based Insurance UBI Market, By Policy Type
                                                                                                                                                                                                                                                                                                        1. Pay-As-You-Drive (PAYD)
                                                                                                                                                                                                                                                                                                          1. Pay-How-You-Drive (PHYD)
                                                                                                                                                                                                                                                                                                            1. Manage-How-You-Drive (MHYD)
                                                                                                                                                                                                                                                                                                              1. Pay-As-You-Go (PAYG)
                                                                                                                                                                                                                                                                                                                1. Distance-Based Insurance
                                                                                                                                                                                                                                                                                                                2. LATAM Usage-based Insurance UBI Market, By Technology Type
                                                                                                                                                                                                                                                                                                                  1. On-Board Diagnostics (OBD-II) Devices
                                                                                                                                                                                                                                                                                                                    1. Embedded Telematics Systems
                                                                                                                                                                                                                                                                                                                      1. Smartphone-Based Platforms
                                                                                                                                                                                                                                                                                                                        1. Black-Box Devices
                                                                                                                                                                                                                                                                                                                          1. Hybrid Data Models
                                                                                                                                                                                                                                                                                                                          2. LATAM Usage-based Insurance UBI Market, By Vehicle Type
                                                                                                                                                                                                                                                                                                                            1. Passenger Cars
                                                                                                                                                                                                                                                                                                                              1. Light Commercial Vehicles (LCVs)
                                                                                                                                                                                                                                                                                                                                1. Heavy Commercial Vehicles (HCVs)
                                                                                                                                                                                                                                                                                                                                2. LATAM Usage-based Insurance UBI Market, By Application
                                                                                                                                                                                                                                                                                                                                  1. Individual Vehicle Insurance
                                                                                                                                                                                                                                                                                                                                    1. Commercial Insurance
                                                                                                                                                                                                                                                                                                                                      1. Shared Mobility Platforms
                                                                                                                                                                                                                                                                                                                                        1. Pay-Per-Mile Leasing Models
                                                                                                                                                                                                                                                                                                                                          1. OEM-Integrated Insurance
                                                                                                                                                                                                                                                                                                                                          2. Brazil
                                                                                                                                                                                                                                                                                                                                            1. Brazil Usage-based Insurance UBI Market, By Policy Type
                                                                                                                                                                                                                                                                                                                                              1. Pay-As-You-Drive (PAYD)
                                                                                                                                                                                                                                                                                                                                                1. Pay-How-You-Drive (PHYD)
                                                                                                                                                                                                                                                                                                                                                  1. Manage-How-You-Drive (MHYD)
                                                                                                                                                                                                                                                                                                                                                    1. Pay-As-You-Go (PAYG)
                                                                                                                                                                                                                                                                                                                                                      1. Distance-Based Insurance
                                                                                                                                                                                                                                                                                                                                                      2. Brazil Usage-based Insurance UBI Market, By Technology Type
                                                                                                                                                                                                                                                                                                                                                        1. On-Board Diagnostics (OBD-II) Devices
                                                                                                                                                                                                                                                                                                                                                          1. Embedded Telematics Systems
                                                                                                                                                                                                                                                                                                                                                            1. Smartphone-Based Platforms
                                                                                                                                                                                                                                                                                                                                                              1. Black-Box Devices
                                                                                                                                                                                                                                                                                                                                                                1. Hybrid Data Models
                                                                                                                                                                                                                                                                                                                                                                2. Brazil Usage-based Insurance UBI Market, By Vehicle Type
                                                                                                                                                                                                                                                                                                                                                                  1. Passenger Cars
                                                                                                                                                                                                                                                                                                                                                                    1. Light Commercial Vehicles (LCVs)
                                                                                                                                                                                                                                                                                                                                                                      1. Heavy Commercial Vehicles (HCVs)
                                                                                                                                                                                                                                                                                                                                                                      2. Brazil Usage-based Insurance UBI Market, By Application
                                                                                                                                                                                                                                                                                                                                                                        1. Individual Vehicle Insurance
                                                                                                                                                                                                                                                                                                                                                                          1. Commercial Insurance
                                                                                                                                                                                                                                                                                                                                                                            1. Shared Mobility Platforms
                                                                                                                                                                                                                                                                                                                                                                              1. Pay-Per-Mile Leasing Models
                                                                                                                                                                                                                                                                                                                                                                                1. OEM-Integrated Insurance
                                                                                                                                                                                                                                                                                                                                                                              2. Mexico
                                                                                                                                                                                                                                                                                                                                                                              3. Argentina
                                                                                                                                                                                                                                                                                                                                                                              4. Chile
                                                                                                                                                                                                                                                                                                                                                                              5. Colombia
                                                                                                                                                                                                                                                                                                                                                                              6. Rest of LATAM

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