Largest car insurance companies in the United Kingdom 2021-2023, by market share

In 2023, the leading ten motor insurers in the United Kingdom (UK) accounted for about 75 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 11.3 percent. This was followed by Aviva at 10.6 percent market share. After Germany and France, the UK is the third-biggest motor insurance market in Europe.

Motor insurance in the UK

In the United Kingdom, it is mandatory to have motor insurance in order to drive a vehicle on UK roads. Motor insurance covers the costs incurred if one is in an accident which causes injury to oneself, another person or animal, or causes damage to one’s own or another’s vehicle or property. In 2018, the vast majority of households in the UK had motor insurance. As of 2019, gross premiums written on motor insurance in the UK amounted to over 20 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 2019, total motor premiums written on the European insurance market amounted to a value of over 100 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 25 billion euros.