The Australia motor insurance market size reached USD 15.31 Billion in 2025. The market is expected to grow at a CAGR of 6.30% between 2026 and 2035, reaching USD 28.20 Billion by 2035.
Base Year
Historical Period
Forecast Period
As per the Australian Bureau of Statistics, in 2021, 20.1 million motor vehicles were registered in Australia.
Australia's auto sector saw over a million new vehicle sales in 2022, dominated by SUVs and light commercials at 76.8% per FCAI.
The automotive composite sector expanded, driven by the 20.1 million registered vehicles the Australian Bureau of Statistics recorded in 2021.
Compound Annual Growth Rate
6.3%
Value in USD Billion
2026-2035
*this image is indicative*
Personal vehicles contribute to the Australia motor insurance market growth since they typically offer a range of additional options, including roadside assistance, rental car coverage, and protection for customized equipment
Personal vehicle insurance offers personalized protection for individuals and families, encompassing extensive coverage against theft, vandalism, accidents, and natural disasters. It also includes liability for third parties, coverage for personal injuries, and additional options such as roadside assistance, rental cars, and discounted rates.
Commercial vehicle insurance is specifically designed for business-oriented vehicles such as delivery trucks and taxis, providing heightened liability limits and cargo coverage. These policies can extend to cover employee drivers, offer discounts for fleets, ensure compliance with regulations, and customize coverage for various industries. Some policies even include coverage for lost income resulting from accidents.
In March 2024, KOBA Insurance (KOBA) unveiled a fresh electric vehicle (EV) insurance product tailored to suit the growing market. This product was crafted to meet the distinctive requirements of EV drivers, offering them choices for repair services, EV rentals, coverage for charging equipment, and regular battery health assessments.
Australia Motor Insurance Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Policy Type
Market Breakup by Vehicle Type
Market Breakup by User
Market Breakup by Distribution Channel
Market Breakup by Region
The Australia motor insurance market key players are:
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 15.31 Billion in 2025.
The market is projected to grow at a CAGR of 6.30% between 2026 and 2035.
The revenue generated from the motor insurance market is expected to reach USD 28.20 Billion in 2035.
The motor insurance market is categorised according to type, which includes old and new.
The key players are Auto & General Services Pty Ltd., Youi Pty Ltd., BJS Insurance Brokers Pty Ltd., Allianz Australia Insurance Limited, and Insurance Australia Limited among others.
Based on the user, the market is divided into personal vehicles and commercial vehicles.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Policy Type |
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| Breakup by Vehicle Type |
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| Breakup by User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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