UK Motor Insurance market report
Everything you need to make the right decisions
Providing the most comprehensive and up-to-date information and analysis of the Motor Insurance market, and the behaviours, preferences and habits of the consumer.
Mintel has the answers you’re looking for
What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Key points included
- Impressive levels of satisfaction can be problematic
- The market is congested but has room for a truly different provider
- Drivers have good intentions to buy high-level cover, but cost is key
Covered in this report
This report explores the UK domestic car insurance market. It includes discussion of the size of the market, including a forecast for the value of premiums over the next five years. Key market drivers and regulatory changes are discussed, as well as the performance and activities of major players in the industry.
Mintel’s exclusive consumer research includes brand research, looking at consumers’ awareness, use and perceptions of selected car insurers as well as the type of insurance held. The Report also looks at renewal behaviour and the reasons why some drivers fail to shop around for policies, factors influencing policy choice and satisfaction with existing cover. Finally, the research explores attitudes towards car insurance, such as the importance of getting high-level cover and the extent to which people think insurers are all the same.
Expert analysis from a specialist in the field
Written by Richard Shepherd, a leading analyst in the Financial Services sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The expected revision of the personal injury discount rate to a more insurer-friendly level will allow providers to ramp up price competition. This is crucial as consumers remain price-sensitive, despite a preference for high-level cover. However, some upward pressure on prices will remain, as the cost of car repair claims hit record levels in 2018.
Senior Financial Services Analyst
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
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