Flexible premiums, lower accident and vehicle theft possibilities, accurate and timely data collection are among the factors driving growth in this market. (Credit: monicaodo/Shutterstock) Flexible premiums, lower accident and vehicle theft possibilities, accurate and timely data collection are among the factors driving growth in this market. (Credit: monicaodo/Shutterstock)

Usage-based insurance for auto coverage is anticipated to surge in the coming years, with the global market expected to witness nearly 25% growth through 2026, according to UnivDatos Market Insights.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]