| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 53.82 Billion |
| Market Size (2030) | USD 67.07 Billion |
| CAGR (2025 - 2030) | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Global Two-Wheeler/Motorcycles Insurance Market Analysis
The Global Two-Wheeler/Motorcycles Insurance Market size in terms of gross written premiums value is expected to grow from USD 53.82 billion in 2025 to USD 67.07 billion by 2030, at a CAGR of greater than 4.5% during the forecast period (2025-2030).
Post-COVID, global motorcycle sales have observed a continuous increase, with total unit sales at more than 52 million; in addition, revenue of motorcycles is also observing a continuous increase, creating a positive externality for the two-wheeler/automobile insurance market globally. In terms of region, Asia-Pacific has the largest share of motorcycle sales, leading to global motorcycle insurance providers entering the market to provide their insurance services. The rising number of road accidents globally is resulting in the implementation of stringent government regulations for the adoption of auto insurance and a surge in the two-wheeler/motorcycle insurance market globally.
An increase in the number of road fatalities is leading to a rise in awareness among the population to opt for two-wheeler/insurance products. In terms of road accidents, the United States, Japan, and India are among the countries with the highest number of road accidents, leading to an increasing number of two-wheeler/ motorcycle insurance providers entering the market to fill the existing insurance market gap.
Two-wheeler insurance companies have been integrating digital technologies of IOT and AI into their insurance offerings to reduce manual efforts, time, and costs in providing insurance. Among the developed countries of the United Kingdom, the United States, Japan, Germany, and Australia, a major share of the population prefer to buy motor insurance online rather than in person. With the continuous expansion of internet penetration rate and development of online insurance products, online sales of two-wheeler insurance are observing continuous growth globally.
Global Two-Wheeler/Motorcycles Insurance Market Trends
Online Sales of Insurance Policies are Driving the Market Growth
Online insurance sales on various platforms have been boosting the overall sales of two-wheeler insurance policies. Internet penetration has been growing across all developing economies, such as India. This increases the number of people buying insurance policies online in developing countries. In developed economies, like the United Kingdom, the United States, Japan, Germany, and Australia, most people prefer to buy motor insurance online rather than in person. More people are becoming increasingly comfortable with online transactions, such as purchasing online insurance for two-wheelers. Furthermore, the pandemic has also pushed businesses across sectors to change how they operate, and the insurance industry is no exception. The COVID-19 pandemic forced insurance companies to depend heavily on their digital architecture, from selling new policies to settling claims.
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Sales of Electric Two-Wheelers are Driving the Market
It is a legal requirement for an owner to have an insurance policy as it is a mandatory norm to operate a vehicle. In many developing economies, such as India, sales of electric two-wheelers are increasing. This gives rise to the need for insurance policies with various extra covers, such as battery covers for electric vehicles. In recent years, more than 250 thousand electric two-wheelers have been sold.
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Global Two-Wheeler/Motorcycles Insurance Industry Overview
The global two-wheeler/motorcycle insurance market is moderately fragmented in nature. Various key players are adopting creative and innovative strategies to expand their market share and increase their grip on the regional presence in the market. This adoption of new strategies has also resulted in the attraction of more customers and offering better value to them. Some of the key players in the market are ACKO, GEICO, Aviva, Farmers Insurance, and Allstate Insurance Company.
Global Two-Wheeler/Motorcycles Insurance Market Leaders
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ACKO
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GEICO
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Aviva
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Farmers Insurance
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Allstate Insurance Company
- *Disclaimer: Major Players sorted in no particular order
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Global Two-Wheeler/Motorcycles Insurance Market News
- September 2022: Aviva announced that it had acquired 25% stakes in the Dabur Invest Corp., a joint venture in India. The transaction allowed Aviva to become the majority shareholder, increasing its economic and operational control.
- April 2023: ACKO launched an insurance plan for a new battery for electric vehicles. This helped customers afford electric vehicles and enabled banks to increase loan terms and reduce EMIs.
Global Two-Wheeler/Motorcycles Insurance Industry Segmentation
Two-wheeler/motorcycle insurance provides financial protection against physical damage or injury resulting from traffic collisions and against liability that could also arise from incidents in a two-wheeler.
The study gives a brief description of the global two-wheeler/motorcycle insurance market. It includes details on gross written premiums for motorcycle insurance, investments by the insurance providers, and the launch of new two-wheeler/Motorcycle insurance products.
The global two-wheeler/motorcycle insurance market is segmented by policy type, distribution channel, and geography. By policy type, the market is segmented into zero depreciation, third-party, and comprehensive motor insurance. By distribution channel, the market is segmented into online and offline. By geography, the market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
The report also covers the market sizes and forecasts for the global two-wheeler/motorcycle insurance market in value (USD) for all the above segments.
| By Policy Type | Zero Depreciation |
| Third Party Motor Insurance | |
| Comprehensive Motor Insurance | |
| By Distribution Channels | Online |
| Offline | |
| By Geography | Europe |
| North America | |
| Asia-Pacific | |
| Latin America | |
| Middle East and Africa |
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Global Two-Wheeler/Motorcycles Insurance Market Research FAQs
How big is the Global Two-Wheeler/Motorcycles Insurance Market?
The Global Two-Wheeler/Motorcycles Insurance Market size is expected to reach USD 53.82 billion in 2025 and grow at a CAGR of greater than 4.5% to reach USD 67.07 billion by 2030.
What is the current Global Two-Wheeler/Motorcycles Insurance Market size?
In 2025, the Global Two-Wheeler/Motorcycles Insurance Market size is expected to reach USD 53.82 billion.
Who are the key players in Global Two-Wheeler/Motorcycles Insurance Market?
ACKO, GEICO, Aviva, Farmers Insurance and Allstate Insurance Company are the major companies operating in the Global Two-Wheeler/Motorcycles Insurance Market.
Which is the fastest growing region in Global Two-Wheeler/Motorcycles Insurance Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Global Two-Wheeler/Motorcycles Insurance Market?
In 2025, the Asia Pacific accounts for the largest market share in Global Two-Wheeler/Motorcycles Insurance Market.
What years does this Global Two-Wheeler/Motorcycles Insurance Market cover, and what was the market size in 2024?
In 2024, the Global Two-Wheeler/Motorcycles Insurance Market size was estimated at USD 51.40 billion. The report covers the Global Two-Wheeler/Motorcycles Insurance Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Two-Wheeler/Motorcycles Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Global Two-Wheeler/Motorcycles Insurance Industry Report
Statistics for the 2025 Global Two-Wheeler/Motorcycles Insurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Two-Wheeler/Motorcycles 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.
