German Car Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The German Car Insurance Market Report is Segmented by Type (Third-Party Coverage, Partial Coverage, and Comprehensive) and Distribution Channel (Brokers, Agency, Direct, Banks, and Other Distribution Channels). The Report Offers the Market Sizing and Forecasts for the German Car Insurance Market in Value (USD) for all the Above Segments.

German Car Insurance Market Size

Motor Insurance Market Share Germany
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Germany Motor Insurance Market Analysis

The Germany Motor Insurance Market size in terms of gross written premiums value is expected to grow from USD 59.30 billion in 2025 to USD 76.11 billion by 2030, at a CAGR of 5.12% during the forecast period (2025-2030).

Germany boasts one of Europe's largest and most competitive car insurance markets, buoyed by its high car ownership rates and a robust automotive industry. Car insurance is mandatory for all vehicles in Germany, offering two primary coverage options: third-party liability insurance (Haftpflichtversicherung) and comprehensive insurance (Vollkaskoversicherung). The former, a legal requirement, shields against damages to third parties, covering personal injury, property damage, and financial losses. In contrast, comprehensive insurance broadens the protection, encompassing theft, vandalism, and accidents for the policyholder's vehicle.

Due to intense competition, the German car insurance landscape is prompting insurers to offer diverse products and services. These companies often differentiate themselves through coverage options, customer service, and pricing strategies.

In Germany's car insurance realm, adoption of telematics is rising. Telematics-based insurance leverages vehicle-installed devices to evaluate driving behavior and tailor insurance premiums accordingly. This technology, embraced by insurers and customers, facilitates personalized pricing and fosters safer driving practices.

Germany Motor Insurance Industry Overview

The German motor insurance market is semi-consolidated, with many players. German motor insurance companies adopt various strategies, including product innovation, digital technology investments to enhance operational efficiency and customer service, and forging partnerships with car manufacturers, dealerships, and technology firms to broaden their service offerings. The key players include Allianz, AXA, HDI, R+V Insurance, and Signal Iduna Insurance.

German Motor Insurance Market Leaders

  1. Allianz

  2. AXA

  3. HDI

  4. R+V Insurance

  5. Signal Iduna Insurance

  6. *Disclaimer: Major Players sorted in no particular order
Germany Motor Insurance Market Concentration
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Germany Motor Insurance Market News

  • January 2024, AXA IM introduced the AXA IM MSCI Europe Equity PAB UCITS ETF to its range of ETFs. This new ETF tracks the MSCI Europe Climate Paris Aligned index, providing investors with a cost-effective choice for sustainable, low-carbon investments.
  • Allianz disclosed its intention to acquire Tua Assicurazioni SpA from Assicurazioni Generali SpA for EUR 280 million (USD 297.89 million) in 2023.

German Motor Insurance Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rise in Population Growth and Vehicle Ownership
    • 4.2.2 Mandates Compulsory Third-Party Liability Insurance
  • 4.3 Market Restraints
    • 4.3.1 Intense Competition Among Insurance Providers
    • 4.3.2 Occurrence of Fraudulent Claims can Impact the Profitability
  • 4.4 Market Opportunities
    • 4.4.1 Introducing New and Innovative Policies
    • 4.4.2 Increasing Focus on Environmental Sustainability
  • 4.5 Value Chain Analysis
  • 4.6 Industry Attractiveness: Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Insights into Technological Advancements in the Industry
  • 4.8 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Insurance Type
    • 5.1.1 Accident
    • 5.1.2 Third Party Liability
    • 5.1.3 Comprehensive
  • 5.2 By Distribution Channel
    • 5.2.1 Agents
    • 5.2.2 Brokers
    • 5.2.3 Banks
    • 5.2.4 Online
    • 5.2.5 Other Distribution Channels

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
  • *List Not Exhaustive
  • 6.3 Allianz
  • 6.4 AXA
  • 6.5 HDI
  • 6.6 R+V Insurance
  • 6.7 Signal Iduna Insurance
  • 6.8 Insurance Chamber of Bavaria
  • 6.9 VHV Group
  • 6.10 CHECK24 GmbH
  • 6.11 Gothaer Group
  • 6.12 Others *

7. FUTURE OF THE MARKET

8. DISCLAIMER AND ABOUT US

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Germany Motor Insurance Industry Segmentation

Car insurance safeguards individuals financially in case of a car accident or related incidents. It commonly includes coverage for vehicle repair or replacement costs and medical expenses resulting from accidents. The German car insurance market is in size forecast and is segmented by insurance type and distribution channel. The market is segmented by insurance type into accident, third-party liability, and comprehensive. In distribution channels, the market is segmented into agents, brokers, online, banks, and other distribution channels. The reports offer the market sizing and forecasts for the German car insurance market in value (USD) for all the above segments.

By Insurance Type Accident
Third Party Liability
Comprehensive
By Distribution Channel Agents
Brokers
Banks
Online
Other Distribution Channels
By Insurance Type
Accident
Third Party Liability
Comprehensive
By Distribution Channel
Agents
Brokers
Banks
Online
Other Distribution Channels
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German Motor Insurance Market Research FAQs

How big is the Germany Motor Insurance Market?

The Germany Motor Insurance Market size is expected to reach USD 59.30 billion in 2025 and grow at a CAGR of 5.12% to reach USD 76.11 billion by 2030.

What is the current Germany Motor Insurance Market size?

In 2025, the Germany Motor Insurance Market size is expected to reach USD 59.30 billion.

Who are the key players in Germany Motor Insurance Market?

Allianz, AXA, HDI, R+V Insurance and Signal Iduna Insurance are the major companies operating in the Germany Motor Insurance Market.

What years does this Germany Motor Insurance Market cover, and what was the market size in 2024?

In 2024, the Germany Motor Insurance Market size was estimated at USD 56.26 billion. The report covers the Germany Motor Insurance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Germany Motor Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

German Motor Insurance Industry Report

Statistics for the 2025 Germany Motor Insurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Germany Motor Insurance analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

German Motor Insurance Market Report Snapshots

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