How Big is the Motor Vehicle Insurance Market?

Motor Vehicle Insurance Premium (USD) (USD mil), 2013 or latest
Insurance | February 22, 2018
$2.99
Excel Sheet

Based on a comparison of 37 countries in 2013, USA ranked the highest in motor vehicle insurance premium with USD 208,551 mil followed by Japan and Germany. On the other end of the scale was Iceland with USD 176 mil, Latvia with USD 295 mil and Estonia with USD 304 mil.

Data for more countries are available at Motor Vehicle Insurance Premium (USD) indicator page.

Motor Vehicle Insurance Premium (USD) Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Argentina USD mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Australia USD mil 7,628 8,080 8,333 ... 11,845
Canada USD mil 16,577 16,544 13,625 16,070 18,634
France USD mil 24,222 26,077 24,791 24,220 26,337
Germany USD mil 28,207 29,494 27,546 25,685 27,974
Italy USD mil 29,410 30,452 27,949 26,236 28,722
Japan USD mil 30,927 34,753 38,401 39,648 45,239 ...
Mexico USD mil 4,049 4,243 3,467 3,977 4,502
Netherlands USD mil ... ... ... 6,283 6,854 6,099 5,911 6,168 ...
South Korea USD mil ... ... ... ... ... 8,655 10,391 11,742
Spain USD mil 16,829 17,677 15,898 14,178 14,637
Switzerland USD mil 4,475 4,984 4,943 5,178 6,210
Turkey USD mil ... 3,660 ... ... ... ...
USA USD mil 193,882 191,241 188,742 190,387 193,109
United Kingdom USD mil 22,068 20,405 15,750 17,282 19,873