The frequency of private passenger auto collision insurance claims for physical damage in the United States dropped sharply in 2020 and remained low in 2021, falling to **** per 100 car years. This compares to **** claims per 100 car years in 2019 and *** claims in 2007. Most likely, the primary reason for this decline was the reduction in traffic due to the coronavirus (COVID-19) pandemic. In 2023, insurance claims for physical damage in the United States slightly increased to **** per 100 cars.

The frequency of private passenger comprehensive auto insurance claims for physical damage in the United States rose to 4.06 per 100 car years in 2023, compared to 2.9 in 2020. This was the highest frequency recorded over the past 15 years.

The United Kingdom motor insurance market, valued at £23.44 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.16% from 2025 to 2033. This growth is driven by several factors. Rising vehicle ownership, particularly within younger demographics embracing personal mobility, fuels demand for insurance coverage. Furthermore, increasingly stringent government regulations regarding minimum insurance coverage and liability are bolstering market expansion. Technological advancements, such as telematics and usage-based insurance, are also shaping the market by offering customized pricing models and enhanced risk assessment capabilities. The market is segmented by product type (Third-Party, Third-Party Fire & Theft, Comprehensive) and distribution channel (Direct, Agency, Banks, Others). The competitive landscape includes major players like Aviva, Prudential, Zurich, AXA, and Allianz, among others, each vying for market share through innovative product offerings and strategic partnerships. However, the market also faces certain restraints. Fluctuating fuel prices and economic uncertainties can impact consumer spending on insurance premiums. Increased claims frequency and severity, potentially driven by factors like increased urbanization and road congestion, put pressure on insurers' profitability. Intense competition among established players and the emergence of new digital insurers further complicate the market dynamics. Despite these challenges, the long-term outlook remains positive, driven by continued vehicle sales and the adaptation of insurance providers to technological innovations and evolving customer needs. The focus will likely be on personalized pricing, risk mitigation through data analytics, and enhanced customer service experiences to maintain a competitive edge. Recent developments include: 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.. Notable trends are: High Volatility in Car Insurance Premiums During the Past Few Years.