Industry Analysis & Industry Trends
Revving up
Stable demand will characterize the Motorcycle Insurance industry, brought on by improving economic conditions and more motorcycle registrations. Firms will benefit from growth in motorcycle riders, as more consumers ride motorcycles to offset high gas prices. Furthermore, the industry's investment income is expected to steadily improve as the economy recovers and interest rates rise.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Motorcycle Insurance industry exhibits a low level of market share concentration, with the four largest firms accounting for roughly 30.1% of revenue in 2012. The industry is divided among large insurance companies (e.g. State Farm and Allstate) that offer a range of other policies, besides motorcycle insurance, medium-size firms (e.g. Progressive and Geico) that champion motorcycle insurance, and smaller firms that cater to local, niche markets. While the larger firms are known for carrying a large volume of insured customers, smaller firms can succeed in this industry by catering specifically to motorcyclists. Sma... purchase to read more