Usage-Based Insurance Market for ICE, Electric Vehicle - Global Forecast to 2025
The usage-based insurance market for automotive is estimated to be USD 28.43 billion in 2018 and is projected to reach USD 95.81 billion by 2025, at a CAGR of 18.95%. Reduction in insurance premium as compared to regular insurance, increasing vehicles with telematics and connected car services, and increasing vehicle sales and on-road vehicles are projected to drive the market for automotive.
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