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Car Insurance in Germany Industry Data and Analysis
Motor vehicle insurance is a type of non-life insurance that covers risks associated with motor vehicles. Motor insurers are expected to generate a turnover of 31.2 billion euros in 2026, which corresponds to growth of 1.2% compared to the previous year. Over the past five years, they have benefited from the rising number of motor vehicles in Germany and the associated demand for car insurance. In particular, telematics tariffs, which can be calculated on the basis of the policyholder's individual driving behaviour, are increasingly in demand. They are becoming increasingly popular as they reward safer driving behaviour with discounts. Motor insurers are also seeing an increase in efficiency in claims settlement and sales due to digitalisation, as more and more consumers are taking out their motor insurance online. Car insurers are also benefiting from the gradual increase in the key interest rate by the European Central Bank, which had a positive impact on car insurers' investments until 2024. Since 2021, however, the industry has recorded an average annual decline in turnover of 2.7% overall.
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What's included in this industry analysis
IBISWorld's research coverage on the Car Insurance industry in Germany includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Car Insurance industry in Germany operates under the WZ industry code SP65.01DE. The motor insurance industry specialises in offering vehicle owners financial security. These companies take on important tasks such as risk assessment, premium calculation and claims settlement. By analysing driver profiles, accident statistics and other factors, motor insurers set individual premiums to cover liability claims and damage to their own vehicles. Related terms covered in the Car Insurance industry in Germany include api vehicle inspection, insur-techs, predictive analytics and telematics tariff.
What's included in this industry?
Products and services covered in Car Insurance industry in Germany include Motor vehicle liability insurance, Comprehensive vehicle insurance and Vehicle parts insurance.
What companies are included in this industry?
The Car Insurance industry in Germany is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Car Insurance industry in Germany.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Car Insurance industry in Germany.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Car Insurance industry in Germany.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Car Insurance industry in Germany. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Car Insurance industry in Germany. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Car Insurance industry in Germany. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Car Insurance industry in Germany. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Car Insurance industry in Germany.
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Frequently Asked Questions
What is the market size of the Car Insurance industry in Germany in 2026?
The market size of the Car Insurance industry in Germany is €31.1bn in 2026.
How many businesses are there in the Car Insurance industry in Germany in 2026?
There are 93 businesses in the Car Insurance industry in Germany, which has declined at a CAGR of 0.0 % between 2021 and 2026.
Has the Car Insurance industry in Germany grown or declined over the past 5 years?
The market size of the Car Insurance industry in Germany has been declining at a CAGR of 2.7 % between 2021 and 2026.
What is the forecast growth of the Car Insurance industry in Germany over the next 5 years?
Over the next five years, the Car Insurance industry in Germany is expected to grow.
What does the Car Insurance industry in Germany include?
Motor vehicle liability insurance cover and Fully comprehensive insurance cover are part of the Car Insurance industry in Germany.
How competitive is the Car Insurance industry in Germany?
The level of competition is low and steady in the Car Insurance industry in Germany.
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