Saudi Arabia Usage-Based Insurance Market (2025-2031) Outlook | Forecast, Companies, Trends, Analysis, Share, Growth, Revenue, Industry, Size & Value

Name: Saudi Arabia Usage-Based Insurance Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Package (PAYD, PHYD, MHYD), By Technology (OBD-II, Black box, Smartphone, Embedded), By Vehicle Age (New, Old) And Competitive Landscape

Product Code: ETC4569160	Publication Date: Jul 2023	Updated Date: Aug 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

Saudi Arabia Usage Based Insurance Market Overview

The Saudi Arabia Usage-Based Insurance market focuses on insurance policies that are priced based on individual driving behavior and data collected through telematics.

Drivers of the Market

The Saudi Arabia usage-based insurance market is experiencing significant growth as insurance companies adopt telematics to offer personalized auto insurance policies. Usage-based insurance relies on data from connected vehicles to determine insurance premiums based on individual driving behavior. The Saudi Arabia insurance sector and technology providers are investing in usage-based insurance solutions to improve risk assessment, reduce premiums for safe drivers, and enhance customer engagement, driving market expansion.

Challenges of the Market

Data Security and Consumer Adoption. Ensuring data security and encouraging consumer adoption of usage-based insurance present significant challenges in the Saudi Arabia Usage-Based Insurance market. Addressing privacy concerns while promoting the benefits of personalized insurance plans is crucial.

COVID-19 Impact on the Market

The Usage-Based Insurance market in Saudi Arabia, offering insurance policies based on actual vehicle usage, has shown steady growth. The pandemic has led to increased interest in such insurance models.

Key Players in the Market

Companies like Progressive Corporation, Allstate Corporation, and State Farm Mutual Automobile Insurance Company offer usage-based insurance solutions, pioneering this segment in the insurance market for vehicles in Saudi Arabia.

Key Highlights of the Report:

Saudi Arabia Usage-Based Insurance Market Outlook
Market Size of Saudi Arabia Usage-Based Insurance Market, 2024
Forecast of Saudi Arabia Usage-Based Insurance Market, 2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Revenues & Volume for the Period 2021-2031
Saudi Arabia Usage-Based Insurance Market Trend Evolution
Saudi Arabia Usage-Based Insurance Market Drivers and Challenges
Saudi Arabia Usage-Based Insurance Price Trends
Saudi Arabia Usage-Based Insurance Porter's Five Forces
Saudi Arabia Usage-Based Insurance Industry Life Cycle
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By Package for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By PAYD for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By PHYD for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By MHYD for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By OBD-II for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By Black box for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By Smartphone for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By Embedded for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By Vehicle Age for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By New for the Period 2021-2031
Historical Data and Forecast of Saudi Arabia Usage-Based Insurance Market Revenues & Volume By Old for the Period 2021-2031
Saudi Arabia Usage-Based Insurance Import Export Trade Statistics
Market Opportunity Assessment By Package
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Vehicle Age
Saudi Arabia Usage-Based Insurance Top Companies Market Share
Saudi Arabia Usage-Based Insurance Competitive Benchmarking By Technical and Operational Parameters
Saudi Arabia Usage-Based Insurance Company Profiles
Saudi Arabia Usage-Based Insurance Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Saudi Arabia Usage-Based Insurance Market Overview

3.1 Saudi Arabia Country Macro Economic Indicators

3.2 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, 2021 & 2031F

3.3 Saudi Arabia Usage-Based Insurance Market - Industry Life Cycle

3.4 Saudi Arabia Usage-Based Insurance Market - Porter's Five Forces

3.5 Saudi Arabia Usage-Based Insurance Market Revenues & Volume Share, By Package, 2021 & 2031F

3.6 Saudi Arabia Usage-Based Insurance Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 Saudi Arabia Usage-Based Insurance Market Revenues & Volume Share, By Vehicle Age, 2021 & 2031F

4 Saudi Arabia Usage-Based Insurance Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing adoption of telematics technology in vehicles for tracking and monitoring driving behavior.

4.2.2 Growing awareness among consumers about the benefits of usage-based insurance such as personalized premiums and safe driving incentives.

4.2.3 Regulatory support and initiatives promoting the adoption of usage-based insurance to improve road safety and reduce accidents.

4.3 Market Restraints

4.3.1 Concerns about data privacy and security related to the collection and usage of personal driving data.

4.3.2 Lack of standardized regulations and guidelines for implementing usage-based insurance in Saudi Arabia.

5 Saudi Arabia Usage-Based Insurance Market Trends

6 Saudi Arabia Usage-Based Insurance Market, By Types

6.1 Saudi Arabia Usage-Based Insurance Market, By Package

6.1.1 Overview and Analysis

6.1.2 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By Package, 2021-2031F

6.1.3 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By PAYD, 2021-2031F

6.1.4 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By PHYD, 2021-2031F

6.1.5 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By MHYD, 2021-2031F

6.2 Saudi Arabia Usage-Based Insurance Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By OBD-II, 2021-2031F

6.2.3 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By Black box, 2021-2031F

6.2.4 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By Smartphone, 2021-2031F

6.2.5 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By Embedded, 2021-2031F

6.3 Saudi Arabia Usage-Based Insurance Market, By Vehicle Age

6.3.1 Overview and Analysis

6.3.2 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By New, 2021-2031F

6.3.3 Saudi Arabia Usage-Based Insurance Market Revenues & Volume, By Old, 2021-2031F

7 Saudi Arabia Usage-Based Insurance Market Import-Export Trade Statistics

7.1 Saudi Arabia Usage-Based Insurance Market Export to Major Countries

7.2 Saudi Arabia Usage-Based Insurance Market Imports from Major Countries

8 Saudi Arabia Usage-Based Insurance Market Key Performance Indicators

8.1 Average driving score of policyholders using usage-based insurance.

8.2 Percentage increase in the number of insurance companies offering usage-based insurance products.

8.3 Rate of growth in the number of telematics devices installed in vehicles for usage-based insurance monitoring.

9 Saudi Arabia Usage-Based Insurance Market - Opportunity Assessment

9.1 Saudi Arabia Usage-Based Insurance Market Opportunity Assessment, By Package, 2021 & 2031F

9.2 Saudi Arabia Usage-Based Insurance Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 Saudi Arabia Usage-Based Insurance Market Opportunity Assessment, By Vehicle Age, 2021 & 2031F

10 Saudi Arabia Usage-Based Insurance Market - Competitive Landscape

10.1 Saudi Arabia Usage-Based Insurance Market Revenue Share, By Companies, 2024

10.2 Saudi Arabia Usage-Based Insurance Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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