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In 2024, the leading ten motor insurers in the United Kingdom (UK) accounted for over ***percent of the total UK market. Admiral Group, which includes Admiral, Bell, Diamond, elephant.co.uk, Veygo, and Gladiator, had the highest market share at percent. This was followed by U K insurance (including Direct Line and Churchill) at percent market share and Aviva at percent market share.

Motor insurance in the UK

In the United Kingdom, it is mandatory to have motor insurance to drive a vehicle on UK roads. Motor insurance covers the costs incurred if one is in an accident that causes injury to oneself, another person, or an animal, or causes damage to one’s own or another’s vehicle or property. The vast majority of households in the UK had motor insurance. As of 2024, gross premiums written on motor insurance in the UK amounted to over ** billion euros.

Motor insurance industry in Europe

Home to one of the world’s leading insurance markets, Europe’s motor insurance industry is also quite extensive. As of 2020, total motor premiums written on the European insurance market amounted to a value of *** billion euros. At that time, Germany had the highest value of total motor claims expenditure paid on the insurance market in Europe, with claims paid amounting to about ** billion euros.