Connected Cars in Insurance – Thematic Research

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

The global connected cars market size was $27.3 billion in 2020 and the market is expected to grow at a CAGR of more than 7% between 2020 and 2030. A great proportion of the connected car market’s growth will not only be due to the year-on-year expansion of connected vehicles on roads but also due to the utilization of telematics technology. The expansion of the connected car market flags the potential for insurers to integrate personalized aspects of how motor insurance premiums are priced by utilizing vehicle data. This will be possible because connected vehicles will already have telematics technology as part of their daily functions.

The connected cars in the insurance sector research report give you a competitive edge as innovations and insurance models begin to enter the market. The report also gives insights into how regulation will impact the use of connected cars in insurance over the next few years.

Report Overview

For more insights on the connected cars market forecast, download a free report sample

Key Trends in the Connected Cars Market

The key trends that are impacting the connected cars market can be classified into three categories: technology trends, macroeconomic trends, and regulatory trends.

  • Technology trends – The key technology trends impacting the connected cars market include telematics, vehicle-to-infrastructure (V2I), eCall, Vehicle-to-vehicle (V2V), Vehicle-to-pedestrian (V2P), and others.
  • Macroeconomic trends – The key macroeconomic trends that will shape the connected car market are the monetization of passenger miles, urbanization and demographic changes, and others.
  • Regulatory trends – The key regulatory trends impacting the connected cars market include cybersecurity, data protection, and others.

Connected Cars Industry Analysis

The global connected cars market size was US$27.3 billion in 2020 and the market is expected to grow at a CAGR of more than 7% between 2020 and 2030. Policy implementation, technology and innovation, infrastructure, and consumer acceptance will all play a pivotal role in the development of the global motor insurance-connected car market. In 2020 the connected car industry was affected by the COVID-19 pandemic, forcing remote working and leaving consumers less concerned over their connectivity needs. Governments and businesses also had to divert their strategies to cope with the new normal.

Connected Cars Market Value Chain

The connected cars industry value chain can be split into product development, marketing and distribution, underwriting and risk profiling, claims management, and customer service.

Product development: The key layers under product development are large insurers, brokers, regulators, and OEMs. Many insurance companies have already integrated connected car features into their policies, such as the use of telematics, but the scope of these plans will expand as the level of connectivity in cars broadens

Connected Cars Market Value Chain Analysis

Connected Cars Market Value Chain Analysis

To know more about the connected cars market value chain, download a free report sample

Connected Cars Market - Competitive Landscape

The leading companies in the connected cars market are Metromile, By Miles, Mile Auto, Marmalade, Zego, Aviva, Admiral, and AXA.

Insurance Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecards have a thematic screen and a valuation screen.

  • The thematic screen tells us who are the overall leaders in the themes that matter most, based on our thematic engine.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.

Insurance Sector Scorecard – Thematic Screen

Insurance Sector Scorecard – Thematic Screen

To know more about the insurance sector scorecards, download a free report sample

Connected Cars Market Overview

Report Pages 53
Regions Covered Global
Market Size (2020) US$27.3 Billion
CAGR (2020-2030) >7%
Key Trends Technology Trends, Macroeconomic Trends, and Regulatory Trends
Value Chains Product Development, Marketing and Distribution, Underwriting and Risk Profiling, Claims Management, and Customer Service
Leading Companies Metromile, By Miles, Mile Auto, Marmalade, Zego, Aviva, Admiral, and AXA


  • As connected cars have automatic data-generating capabilities, vehicle manufacturers will play an increased role in the distribution of motor insurance. Insurers will strike partnerships with manufacturers in order to ensure they have access to consumers’ driving data.
  • While there are insurers and insurtechs that are pushing efforts to create more personalized products in private motor, insurtechs are the ones that have adapted telematics to create usage-based insurance services to price premiums. Meanwhile, insurers have utilized telematics to mitigate aspects of risks related to claims and reward customers for “good” driving behavior.
  • Insurers that do not gain experience in connected vehicle data risk falling behind their rivals. Connected vehicles produce a massive amount of data, and insurers must build their capabilities and capacity to manage it.

Reasons to Buy

  • Benchmark yourself against the rest of the market.
  • Ensure you remain competitive as innovations and insurance models begin to enter the market.
  • Be prepared for how regulation will impact the use of connected cars in insurance over the next few years.

State Farm
Mile Auto
Mercedes Benz
Direct Line
By Miles
Root Insurance
Hasting Direct
Cohda Wireless
Cypress Semiconductor
Didi Chuxing

Table of Contents

Executive summary


Thematic briefing

Connected cars



Vehicle to everything (V2X)


Technology trends

Macroeconomic trends

Regulatory trends

Industry analysis

Market size and growth forecasts

Connected cars will become the norm

Autonomous vehicles are paving the way for the expansion of connected cars

Telematics capabilities are the key component in connected cars

The impact of connected cars on the UK insurance market

In-car technology

Telematics and UBI

Factors limiting uptake of telematics policies

Connected cars will lead to an increase in motor premiums

The UK market foreshadows GWP complications

Competition within the motor insurance market will increase

Uptake of connected vehicle technology highlights the different levels of autonomous vehicles

Cyber insurance

Mergers and acquisitions

Strategic partnerships


Value chain

Product development

Marketing and distribution

Underwriting and risk profiling

Claims management

Customer service


Public companies

Private companies

Sector scorecards

Insurance sector scorecard

Who’s who

Thematic screen

Valuation screen


Further reading

GlobalData reports

| Our thematic research methodology

| About GlobalData

| Contact Us

Frequently asked questions

Connected Cars in Insurance – Thematic Research thematic reports
Currency USD

Can be used by individual purchaser only


Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Connected Cars in Insurance – Thematic Research was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Financial Services
France Life Insurance Market Size and Trends by Line of…
$3,999 | June 2024
Financial Services
Wealth Management Trends and Themes in 2024
$5,250 | May 2024
Financial Services
Peru Insurance Industry - Key Trends and Opportunities to 2028
$1,450 | May 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Connected Cars in Insurance – Thematic Research in real time.

  • Access a live Connected Cars in Insurance – Thematic Research dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.