Car Insurance Aggregators Market Report 2026

The car insurance aggregators market size has grown rapidly in recent years. It will grow from $5.66 billion in 2025 to $6.59 billion in 2026 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to growth in online insurance distribution channels, rising car ownership rates, increasing consumer price sensitivity, expansion of comparison-based purchasing behavior, improved digital payment infrastructure.

The car insurance aggregators market size is expected to see rapid growth in the next few years. It will grow to $11.63 billion in 2030 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to increasing demand for usage-based insurance models, rising adoption of electric vehicle insurance comparisons, expansion of data-driven underwriting tools, growing investments in insurtech platforms, increasing regulatory support for transparent insurance pricing. Major trends in the forecast period include increasing adoption of AI-based policy comparison tools, rising demand for real-time insurance quotes, growing integration of telematics-based pricing, expansion of mobile-first aggregator platforms, enhanced focus on personalized coverage recommendations.

The increase in car sales is expected to drive the growth of the car insurance aggregator market in the coming years. Car sales refer to the total number of vehicles sold within a defined period across a specific market. The growth in car sales is supported by rising consumer demand, economic expansion, technological improvements in vehicles, attractive financing schemes, and supportive government incentives. Car insurance aggregators play a role in supporting higher car sales by simplifying the insurance-buying process, offering price comparisons, and helping consumers make informed decisions with greater confidence when purchasing vehicles. For example, in April 2024, according to data shared by the International Energy Agency, a France-based autonomous organization, nearly 14 million new electric vehicles were registered globally in 2023, bringing the total number of EVs on the road to around 40 million. This represented a 35% year-on-year increase, with approximately 3.5 million more sales than in 2022, closely aligning with the 2023 Global EV Outlook forecast. Therefore, rising car sales are contributing to the growth of the car insurance aggregator market.

Major companies operating in the car insurance aggregator market are increasingly focusing on innovative offerings such as next-generation AI-based solutions to streamline insurance comparison and purchasing processes. These advanced solutions help deliver personalized recommendations, improve customer experience, and enhance the accuracy of decision-making. Next-generation AI-based solutions involve sophisticated artificial intelligence technologies designed to improve automation, efficiency, and accuracy across insurance-related workflows. For instance, in March 2024, Clearcover Insurance Company, a US-based auto insurance provider, launched a generative AI solution aimed at further digitizing statement collection to significantly streamline the insurance claims process and enhance customer experience. This development highlights how advanced AI technologies can strengthen digital engagement, optimize claims handling, and raise innovation standards within the car insurance aggregator market.

In March 2023, Insurify, a US-based insurance comparison platform, acquired Compare.com for an undisclosed amount. This acquisition brought together two prominent online insurance shopping platforms, strengthening Insurify’s position as a leading digital insurance agent while enhancing competitiveness and innovation across the car insurance aggregator market. Compare.com is a US-based website specializing in auto insurance comparisons.

Major companies operating in the car insurance aggregators market are Policybazaar, Turtlemint, Insurify, Gabi, NerdWallet, Comparethemarket, Confused.com, MoneySuperMarket, GoCompare, The Zebra, CoverHound, QuoteWizard, ComparePolicy, InsureMyTrip, MoneyGeek, Clearcover, BankBazaar, iSelect, Finder, CompareRaja.

North America was the largest region in the car insurance aggregator market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the car insurance aggregators market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the car insurance aggregators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The car insurance aggregator market includes revenues earned by usage-based insurance, telematics-based insurance, pay-as-you-drive policies, zero-depreciation coverage, and roadside assistance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.