Named Driver is the person who is insured to drive a vehicle in which another person does most of the driving. This insurance is also called additional driver insurance. While driving the vehicle, the named driver has the same level of cover as the main driver. The named driver car insurance is useful for younger drivers who already face high premiums because of their age and associated risk factor. These younger drivers can add experienced driver in their policy such as parent or guardian. Also, adding a named driver in insurance policy result in a decrease in your annual premium.
Market Analysis and Insights: Global Named Driver Insurance Market
The global Named Driver Insurance market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Named Driver Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Named Driver Insurance market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Named Driver Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Named Driver Insurance market.
Named Driver Insurance Breakdown Data by Type
By Coverages
Personal Accident Cover
Courtesy Car
Breakdown Cover
Multi Car Cover
Others
By Level of Cover
Third Party
Fully Comprehensive
By Distribution Channel
Insurance Brokers
Insurance Company
Others
Named Driver Insurance Breakdown Data by Application
Experienced Driver
Inexperienced Driver
Based on regional and country-level analysis, the Named Driver Insurance market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
In the competitive analysis section of the report, leading as well as prominent players of the global Named Driver Insurance market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
The following players are covered in this report:
AXA
Allstate Insurance
Allianz
Berkshire Hathaway
AIG
Generali
State Farm Insurance
Munich Reinsurance
Metlife
Ping An
Summary:
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