• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Argentina Motorcycle Insurance Market

    ID: MRFR/BFSI/53578-HCR
    200 Pages
    Garvit Vyas
    October 2025

    Argentina Motorcycle Insurance Market Research Report: By Type (Liability Insurance, Comprehensive and Collision Insurance, Medical Payments Insurance, Theft Insurance, Others) and By Application (Personal, Commercial) - Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Argentina Motorcycle Insurance Market Infographic
    Purchase Options

    Argentina Motorcycle Insurance Market Summary

    The Argentina Motorcycle Insurance market is projected to grow significantly from 1.4 USD Billion in 2024 to 2.79 USD Billion by 2035.

    Key Market Trends & Highlights

    Argentina Motorcycle Insurance Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 6.47% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 2.79 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 1.4 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of motorcycle insurance due to increasing urbanization is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.4 (USD Billion)
    2035 Market Size 2.79 (USD Billion)
    CAGR (2025-2035) 6.47%

    Major Players

    Federacion Patronal Seguros, Sos Seguros, Rivadavia Seguros, Orbis Seguros, Swiss Medical Seguros, Mapfre Argentina, Sancor Seguros, Nacion Seguros, Provincia Seguros, Grupo Sancor Seguros, Palermo Underwriters, Allianz Argentina, Mercantil Andina, San Cristobal Seguros, La Caja de Ahorro y Seguro

    Argentina Motorcycle Insurance Market Trends

    The country's rising motorbike ownership and urbanization are two major market factors that now affect the Argentina motorcycle insurance industry. The need for comprehensive insurance solutions has increased as motorcycles are becoming a necessary form of mobility in places like Buenos Aires.

    This rise can be linked to riders' increased awareness of safety and risk management, as well as the requirement for financial protection against theft and accidents. Further propelling the market is the increased need for specific coverage choices brought about by the growing number of delivery services that use motorbikes.

    The introduction of usage-based insurance models, which suit the tastes of the increasingly tech-savvy Argentine populace, is one opportunity to be investigated in this environment. Younger riders who may favor more affordable coverage may find this approach appealing because it can provide adjustable pricing based on actual usage.

    Additionally, by using digital channels to interact with riders, especially millennials and Gen Z, insurance companies can reach new markets and boost policy uptake and client loyalty. Recent trends also point to a move toward more specialized insurance plans that address the various requirements of Argentine motorbike riders.

    As part of a larger worldwide trend towards digital transformation in the insurance industry, insurers are progressively implementing technology to improve the customer experience, including as mobile apps for managing policies and submitting claims.

    The incorporation of extra safety features and services, such roadside assistance and accident insurance packages, is becoming more popular among policyholders as local legislation change to reflect the evolving environment. Important participants in the Argentine motorcycle insurance market have significant growth opportunities due to this changing climate.

    Market Segment Insights

    Motorcycle Insurance Market Type Insights

    The Argentina Motorcycle Insurance Market is experiencing a defined shift in its Type segment, which comprises various essential categories such as Liability Insurance, Comprehensive and Collision Insurance, Medical Payments Insurance, Theft Insurance, and Others.

    Liability Insurance is a fundamental component of the market, as it covers damages to third parties and is often mandated by law, thereby ensuring that motorcyclists engage in responsible riding practices.

    Comprehensive and Collision Insurance, on the other hand, offers protection against various risks, including accidents and damages resulting from collisions, making it a vital choice for riders seeking peace of mind on the road.

    This type of insurance caters to the increasing number of motorcycles in urban areas, as Argentina’s motorcycle registrations have seen a steady rise over the past decade, reflecting a growing preference for two-wheel vehicles due to factors like traffic congestion and fuel efficiency.

    Medical Payments Insurance addresses the healthcare needs of riders in the unfortunate event of an accident, recognizing the necessity for quick access to medical treatment, which can significantly impact recovery outcomes. Theft Insurance is particularly relevant in urban settings, where motorcycle theft rates are a concern, emphasizing the importance of safeguarding personal assets against rising crime rates.

    Motorcycle Insurance Market Application Insights

    The Application segment of the Argentina Motorcycle Insurance Market plays a crucial role in shaping the industry landscape, addressing the diverse needs of motorcycle owners in the region. Within this segment, the focus primarily lies on Personal and Commercial applications, each catering to distinct user requirements.

    Personal motorcycle insurance remains significant, as it covers individual riders and their bikes, providing protection against theft, accidents, and liability risks. This segment thrives on the growing popularity of motorcycles for personal transportation in urban areas of Argentina, driven by their cost-effectiveness and ease of maneuverability.

    On the other hand, the Commercial application represents businesses that utilize motorcycles for delivery services, logistics, and other business operations. The rise of e-commerce and delivery services in Argentina has consequently increased the demand for commercial motorcycle insurance, emphasizing the need for businesses to protect their assets and mitigate potential risks.

    Overall, the segmentation within the Application domain highlights the competitive nature of the Argentina Motorcycle Insurance Market, with both Personal and Commercial sectors contributing to market growth and diversification in response to evolving customer needs and market trends.

    Get more detailed insights about Argentina Motorcycle Insurance Market Research Report - Forecast till 2035

    Key Players and Competitive Insights

    The Argentina Motorcycle Insurance Market has showcased significant dynamics influenced by various factors including market demands, regulatory changes, and the competitive landscape. In recent years, the rising popularity of motorcycles as a preferred mode of transportation in Argentina has necessitated a comprehensive approach to motorcycle insurance.

    This market is characterized by a mix of established and emerging companies that strive to adapt their offerings to meet customer needs. Competitive insights exhibit a landscape where companies seek to differentiate themselves through innovative coverage options, premium pricing strategies, and customer service excellence.

    Additionally, the market is shaped by consumer trends that favor personalized insurance products, prompting providers to continually evolve their service offerings to maintain relevance in this fast-paced environment.

    Federacion Patronal Seguros holds a significant presence within the Argentina Motorcycle Insurance Market, well regarded for its strong local ties and expertise in the sector. The company has established a reputation built on resilience and customer-centric services, which has allowed it to capture a loyal customer base.

    Its key strengths lie in its comprehensive insurance products tailored specifically for motorcycles, ensuring that policyholders feel secure and adequately protected. By leveraging technology and innovative insurance solutions, Federacion Patronal Seguros successfully enhances the customer experience through streamlined claim processes and responsive customer service.

    As a locally entrenched competitor, the company emphasizes its understanding of regional consumer behaviors and regulatory requirements, positioning itself as a trusted choice for motorcycle insurance among Argentine riders.

    Sos Seguros also plays a vital role in the Argentina Motorcycle Insurance Market, recognized for its tailored services and a diverse range of insurance products. With a strong focus on customer engagement, Sos Seguros has expanded its market presence through strategic partnerships and marketing initiatives aimed at young motorcyclists and urban commuters.

    Their key products include liability coverage, comprehensive motorcycle plans, and optional add-ons for enhanced protection. The company prioritizes the incorporation of innovative technology to streamline customer interactions, from quotes to claims handling, resulting in superior service delivery.

    Additionally, Sos Seguros is forward-looking in its approach to mergers and acquisitions, demonstrating an intent to expand its market reach and drive continuous enhancements to its product offerings. Its commitment to adapt and grow within the Argentine motorcycle insurance landscape solidifies its standing as a competitive player in the industry.

    Key Companies in the Argentina Motorcycle Insurance Market market include

    Industry Developments

    Recent developments in the Argentina Motorcycle Insurance Market show a notable shift toward digitalization and customer-centric insurance solutions, with companies like Mapfre Argentina and La Caja de Ahorro y Seguro enhancing online platforms for policy management to meet changing consumer preferences.

    In the merger and acquisition landscape, significant activity was reported in July 2022, when Federacion Patronal Seguros announced its acquisition of certain assets from Rivadavia Seguros, aimed at broadening its market reach. The market has experienced strong growth due to the increasing number of motorcycle users, driven by site-specific commuting needs.

    Furthermore, in July 2021, Provincias Seguros launched enhanced coverage options that have been well-received among users, indicating a competitive growth environment. Allianz Argentina has also been focusing on expanding its customer base through tailored policies and efficient claims processing, leading to positive customer engagement metrics.

    The overall valuation of the Argentina Motorcycle Insurance Market has risen, reflecting an increased emphasis on safety, affordability, and coverage options, which are essential in the current economic climate where consumers are leveraging their spending towards insurance protection.

    Market Segmentation

    Outlook

    • Personal
    • Commercial

    Motorcycle Insurance Market Type Outlook

    • Liability Insurance
    • Comprehensive and Collision Insurance
    • Medical Payments Insurance
    • Theft Insurance
    • Others

    Motorcycle Insurance Market Application Outlook

    • Personal
    • Commercial

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 1.34 (USD Billion)
    MARKET SIZE 2024 1.4 (USD Billion)
    MARKET SIZE 2035 2.79 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.512% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Federacion Patronal Seguros, Sos Seguros, Rivadavia Seguros, Orbis Seguros, Swiss Medical Seguros, Mapfre Argentina, Sancor Seguros, Nacion Seguros, Provincia Seguros, Grupo Sancor Seguros, Palermo Underwriters, Allianz Argentina, Mercantil Andina, San Cristobal Seguros, La Caja de Ahorro y Seguro
    SEGMENTS COVERED Type, Application
    KEY MARKET OPPORTUNITIES Increasing motorcycle ownership rates, Rising demand for customized policies, Expansion of online insurance platforms, Growth in urban mobility solutions, Enhanced safety awareness initiatives
    KEY MARKET DYNAMICS Rising motorcycle ownership, Increasing accident rates, Competitive pricing strategies, Regulatory compliance requirements, Growing online insurance platforms
    COUNTRIES COVERED Argentina

    FAQs

    What is the expected market size of the Argentina Motorcycle Insurance Market in 2024?

    The Argentina Motorcycle Insurance Market is expected to be valued at 1.4 billion USD in 2024.

    What is the projected market size for the Argentina Motorcycle Insurance Market by 2035?

    By 2035, the Argentina Motorcycle Insurance Market is projected to reach 2.79 billion USD.

    What is the expected CAGR for the Argentina Motorcycle Insurance Market from 2025 to 2035?

    The expected Compound Annual Growth Rate (CAGR) for the Argentina Motorcycle Insurance Market from 2025 to 2035 is 6.512%.

    Which type of motorcycle insurance is expected to have the largest market value in 2035?

    Liability Insurance is projected to have the largest market value, expected to reach 1.12 billion USD in 2035.

    What is the market size of Medical Payments Insurance in 2024?

    In 2024, the market size for Medical Payments Insurance is estimated to be 0.24 billion USD.

    Who are the key players in the Argentina Motorcycle Insurance Market?

    Major players in the market include Federacion Patronal Seguros, Mapfre Argentina, Allianz Argentina, and Sancor Seguros.

    What is the market value for Theft Insurance in 2035?

    The market value for Theft Insurance is expected to reach 0.28 billion USD by 2035.

    What challenges are impacting the growth of the Argentina Motorcycle Insurance Market?

    Challenges include regulatory changes and increasing competition among insurance providers.

    What is the anticipated market size for Comprehensive and Collision Insurance in 2024?

    Comprehensive and Collision Insurance is expected to have a market size of 0.42 billion USD in 2024.

    Are there emerging trends influencing the Argentina Motorcycle Insurance Market?

    Yes, trends include increased awareness about road safety and the adoption of advanced technology in policy offerings.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials