UK Motor Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The UK Motor Insurance Market Trends Report can be segmented by Type (Third-Party, Third-party Fire and Theft, and Comprehensive), and by Distribution Channel (Direct, Banks, Agents, and Others). The report offers market size and forecasts for the United Kingdom Motor Insurance Market in value (USD billion) for all the above segments.

UK Motor Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

UK Motor Insurance Market Size

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United Kingdom Motor Insurance Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 24.42 Billion
Market Size (2030) USD 29.93 Billion
CAGR (2025 - 2030) 4.16 %
Market Concentration Medium

Major Players

United Kingdom Motor Insurance Market Major Players

*Disclaimer: Major Players sorted in no particular order

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UK Motor Insurance Market Analysis

The United Kingdom Motor Insurance Market size in terms of gross written premiums value is expected to grow from USD 24.42 billion in 2025 to USD 29.93 billion by 2030, at a CAGR of 4.16% during the forecast period (2025-2030).

COVID-19 was an unprecedented event for the insurance sector. With a lengthy lockdown, many drivers were no longer on the road using their vehicles. The cumulative effect of this is that there has been a significant reduction in motor insurance claims.

Motor insurance covers cars, trucks, motorcycles, or other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Motor Insurance in the UK also offers financial protection from theft of the vehicle and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The rise in accidents, implementation of stringent government regulation for adopting auto insurance, and surge in automobile sales across the globe drive the UK auto insurance market growth.

Motor insurance is the largest segment in the non-life insurance market. The gross premium written for non-life insurance is increasing, the major driver being the increase in gross premium written from motor vehicle insurance. Growth in motor vehicle insurance is often important in explaining the overall trends in the non-life sector, as insurers collect the largest premiums in motor vehicle insurance. This line of business was identified as a driver of developments in the non-life segments in several countries. At the global level, motor vehicle insurance contributes about 36.3% of non-life insurance premiums.

In London and North West, the regions with the highest average motor insurance premiums, customers had to pay more than GBP 1,000. In contrast, in the South West, average motor insurance premiums were GBP 473, over three times lower than in London.

UK Motor Insurance Industry Overview

The United Kingdom Motor Insurance Market is consolidated, with the top 10 players having more than 80% share. Some of the major players operating currently dominate the market. The market is expected to grow during the forecast period due to the increase in sales of motor vehicles and many other factors driving the market. Companies such as AVIVA, The Prudential Assurance Company, Zurich Assurance Limited, AXA Insurance UK Plc, and others have a strong presence in the UK motor insurance market.

UK Motor Insurance Market Leaders

  1. AVIVA

  2. THE PRUDENTIAL ASSURANCE COMPANY LIMITED

  3. ZURICH ASSURANCE LTD

  4. DL INSURANCE SERVICES LIMITED

  5. AXA INSURANCE UK PLC

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

  • Feb 2022: For an initial payment of GBP 47.5 million, AXA UK&I purchased the renewal rights to Ageas UK's commercial operations. This acquisition reinforces AXA's growth strategy and dedication to its commercial business clients and broker alliances, particularly in the SME and Schemes market sectors. About 100 Ageas UK personnel will transfer to AXA Commercial as part of the arrangement to provide continued support and service delivery.
  • Jan 2022: The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year after rising 5% in the final quarter of 2021 as more drivers took to the roads to ease COVID-19 curbs. Motorists must pay GBP 539 (USD 734.06) on average for their comprehensive car insurance premiums.

UK 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

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porters 5 Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Impact of COVID 19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Third-Party
    • 5.1.2 Third-party Fire and Theft
    • 5.1.3 Comprehensive
  • 5.2 By Distribution channel
    • 5.2.1 Direct
    • 5.2.2 Agency
    • 5.2.3 Banks
    • 5.2.4 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 AVIVA
    • 6.2.2 THE PRUDENTIAL ASSURANCE COMPANY LIMITED
    • 6.2.3 ZURICH ASSURANCE LTD
    • 6.2.4 DL INSURANCE SERVICES LIMITED
    • 6.2.5 AXA INSURANCE UK PLC
    • 6.2.6 GENERAL REINSURANCE AG
    • 6.2.7 ALLIANZ INSURANCE PLC
    • 6.2.8 ROYAL & SUN ALLIANCE INSURANCE PLC
    • 6.2.9 AGEAS INSURANCE LIMITED*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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UK Motor Insurance Industry Segmentation

Motor insurance includes products and services purchased for cars, trucks, and other road vehicles. Its primary objective is to protect against physical damage from traffic collisions and against liability that could also arise. This report aims to provide a detailed analysis of the United Kingdom motor insurance market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into various product and application types. Also, it analyses the key players and the competitive landscape in the United Kingdom Motor Insurance Market. Further, the market is segmented by type (third-party, third-party fire and theft, and comprehensive) and by distribution channel (direct, banks, agents, and others). The report offers market size and forecasts for the United Kingdom Motor Insurance Market in value (USD billion) for all the above segments.

By Product Type Third-Party
Third-party Fire and Theft
Comprehensive
By Distribution channel Direct
Agency
Banks
Others
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UK Motor Insurance Market Research FAQs

How big is the United Kingdom Motor Insurance Market?

The United Kingdom Motor Insurance Market size is expected to reach USD 24.42 billion in 2025 and grow at a CAGR of 4.16% to reach USD 29.93 billion by 2030.

What is the current United Kingdom Motor Insurance Market size?

In 2025, the United Kingdom Motor Insurance Market size is expected to reach USD 24.42 billion.

Who are the key players in United Kingdom Motor Insurance Market?

AVIVA, THE PRUDENTIAL ASSURANCE COMPANY LIMITED, ZURICH ASSURANCE LTD, DL INSURANCE SERVICES LIMITED and AXA INSURANCE UK PLC are the major companies operating in the United Kingdom Motor Insurance Market.

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

In 2024, the United Kingdom Motor Insurance Market size was estimated at USD 23.40 billion. The report covers the United Kingdom Motor Insurance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United Kingdom Motor Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

UK Motor Insurance Industry Report

Statistics for the 2025 United Kingdom Motor Insurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Kingdom 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.