Every other month, Agency Checklists “checks in” on the current state of the Commercial Auto Insurance marketplace via our bi-monthly updates. This checkup is done by reviewing the data for this line of insurance, provided by provided courtesy of the Commonwealth Automobile Reinsurers. For those unfamiliar with the Commonwealth Automobile Reinsurers, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.
Our aim is simply to help those in the industry get a better sense of the trends and movements happening within this line of insurance. For our current update, the data reflects the state of the market as of April 2023, the latest date for which complete data is currently available.
So, without further ado, the latest numbers follow below:
The Commercial Auto Marketplace in Massachusetts
Exposures & Market Share as of February 2023
| COMPANY | PREMIUMS | MARKET SHARE |
|---|---|---|
| 1. COMMERCE | 55,809,169 | 14.76% |
| 2. SAFETY | 50,346,175 | 13.32% |
| 3. ARBELLA | 41,983,992 | 11.11% |
| 4. PROGRESSIVE | 35,718,613 | 9.45% |
| 5. TRAVELERS | 28,881,794 | 7.64% |
| 6. PLYMOUTH ROCK | 16,939,629 | 4.48% |
| 7. FIREMAN’S | 16,084,878 | 4.26% |
| 8. TOKIO MARINE & NACHIDO | 13,367,199 | 3.54% |
| 9. HANOVER | 11,535,059 | 3.05% |
| 10. ZURICH | 10,417,653 | 2.76% |
| 11. SELECTIVE INSURANCE | 9,521,010 | 2.52% |
| 12. LIBERTY MUTUAL IN | 7,713,123 | 2.04% |
| 13. TWIN CITY FIRE INS | 7,273,048 | 1.92% |
| 14. UTICA | 6,658,034 | 1.76% |
| 15. NATIONAL GRANGE | 5,753,761 | 1.52% |
| 16. GREEN MOUNTAIN | 4,446,248 | 1.18% |
| 17. EMPLOYERS MUTUAL | 4,350,526 | 1.15% |
| 18. FEDERATED MUTUAL | 4,239,590 | 1.12% |
| 19. FARM FAMILY | 3,860,606 | 1.02% |
| 20. AMERICAN CASUALTY | 3,847,384 | 1.02% |
| 21. FEDERAL | 3,767,398 | 1.00% |
| 22. N&D MUTUAL | 3,432,359 | 0.91% |
| 23. GREAT AMERICAN | 3,006,062 | 0.80% |
| 24. OLD REPUBLIC | 2,620,510 | 0.69% |
| 25. CENTRAL MUTUAL INS | 2,599,072 | 0.69% |
| 26. US FIRE | 2,282,760 | 0.60% |
| 27. BANKERS | 2,068,180 | 0.55% |
| 28. CINCINNATI | 2,064,701 | 0.55% |
| 29. MERCH MUTUAL | 2,002,515 | 0.53% |
| 30. NEW HAMPSHIRE | 1,800,720 | 0.48% |
| 31. ARCH | 1,698,703 | 0.45% |
| 32. MIDDLESEX INS CO | 1,454,372 | 0.38% |
| 33. QUINCY MUTUAL | 1,147,228 | 0.30% |
| 34. HARLEYSVILLE INS | 1,078,105 | 0.29% |
| 35. MOTORISTS | 860,639 | 0.23% |
| 36. PREFERRED MUTUAL | 826,981 | 0.22% |
| 37. NEW YORK AND GENERAL INS | 736,480 | 0.19% |
| 38. STATE AUTO | 692,842 | 0.18% |
| 39. LANCER INSURANCE CO. | 594,844 | 0.16% |
| 40. SECURITY NATIONAL | 504,491 | 0.13% |
| 41. STARR INDEMNITY | 455,537 | 0.12% |
| 42. IMPERIUM | 415,931 | 0.11% |
| 43. ATLANTIC SPECIALTY | 383,330 | 0.10% |
| 44. GEICO | 376,692 | 0.10% |
| 45. ALLSTATE | 301,722 | 0.08% |
| 46. PENN MNFCT ASSC INS | 299,742 | 0.08% |
| 47. ARGONAUT | 272,384 | 0.07% |
| 48. EVEREST NATIONAL | 200,791 | 0.05% |
| 49. AMERICAN AUTOMOBILE | 177,009 | 0.05% |
| 50. CHURCH MUTUAL | 174,357 | 0.05% |
| 51. PENN LUMBERMENS | 169,363 | 0.04% |
| 52. BERKSHIRE HATHAWAY | 129,239 | 0.03% |
| 53. FALLS LAKE | 125,178 | 0.03% |
| 54. PROTECTIVE | 77,334 | 0.02% |
| 55. GREENWICH | 75,379 | 0.02% |
| 56. AXIS REINSURANCE | 75,337 | 0.02% |
| 57. QBE | 65,365 | 0.02% |
| 58. RLI | 63,613 | 0.02% |
| 59. AMICA MUTUAL | 60,085 | 0.02% |
| 60. STATE FARM | 33,883 | 0.01% |
| 61. SOMPO AMERICA | 32,797 | 0.01% |
| 62. CUMIS | 22,138 | 0.01% |
| 63. MITSUI SUMITOMO | 19,583 | 0.01% |
| 64. GUIDEONE MUTUAL | 19,024 | 0.01% |
| 378,012,266 |
Looking Back: A Comparison on the Top 10 Commercial Auto Insurers Over the Years
The following are graphs depicting the state of the Commercial Auto Insurance Marketplace over the past 10 years. The first graph shows the top 10 Commercial Auto Insurers as of February 2023, as compared to similar Aprils in 2022, 2021, 2020, and 2019. Following these comparisons, there are two more comparisons with, one from five years ago in April 2023 and then the last from ten years ago in April 2013.
Each year can be compared by sliding the window to either the left or right on each of the graph comparisons below.
April 2023 v. April 2022
April 2023 v. April 2021
April 2023 v. April 2020
April 2023 v. April 2019
Five-Year Comparison
April 2023 v. April 2018
Ten-Year Comparison
April 2023 v. April 2018
Past Market Share Reports
For those interested in reviewing all of our bi-monthly updates throughout 2022 in order to get a sense of how the Commercial Auto Insurance marketplace continues to evolve, please find links to Agency Checklists’ previous updates below:
2023 Market Share Reports
2022 Market Share Reports
