Industry Analysis & Industry Trends
Over the five years to 2020, revenue for the Automobile Insurance industry is forecast to increase as continued improvements in the macroeconomic landscape benefit investment conditions for auto insurers. Given that the majority of auto insurer assets are invested in bonds, forecast increases in interest rates will likely boost investment gains. Despite this trend, consolidation in the industry is expected to continue, with larger operators viewing strategic acquisitions as a lucrative method to expand their share of the market.... purchase to read more
Industry Report - Industry Locations Chapter
The Automobile Insurance industry is concentrated in the Southeast, Great Lakes and Mid-Atlantic regions. The distribution of industry establishments closely follows domestic population trends, particularly urbanization trends. Providers charge higher premiums in locations where there are more cars on the road, largely because this increases the likelihood of accidents. Auto insurance is also more expensive in urban regions because of the higher probability of theft or vandalism. For consumers, the most expensive cities to insure a car include Detroit, MI; Philadelphia, PA; and New Orleans, LA.
The Southeast region accounts for the largest share of industry establishments, estimated at 26.4% of the total, while also accounting for the highest portion of the total US population... purchase to read more