Latest Data as of July 2023
The State of the Commercial Auto Insurance Marketplace
Every other month, Agency Checklists published a bi-monthly “check-up” on the current state of the Commercial Auto Insurance marketplace. The data reviewed for this line of insurance is provided courtesy of the Commonwealth Automobile Reinsurers. For those readers who may be unfamiliar with the Commonwealth Automobile Reinsurers, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.
The ultimate aim of these “looks” is to 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 July 2023, the latest date for which complete CAR data is currently available.
So, without further ado, the latest numbers follow below:
Exposures & Market Share as of July 2023
| COMPANY | PREMIUMS | MARKET SHARE |
|---|---|---|
| 1. COMMERCE | 95,663,173 | 13.85% |
| 2. SAFETY | 87,094,508 | 12.61% |
| 3. ARBELLA | 76,166,976 | 11.02% |
| 4. PROGRESSIVE | 60,888,583 | 8.81% |
| 5. TRAVELERS | 51,522,294 | 7.46% |
| 6. PLYMOUTH ROCK | 34,518,772 | 5.00% |
| 7. TOKIO MARINE & NACHIDO | 29,470,036 | 4.27% |
| 8. FIREMAN’S | 25,750,066 | 3.73% |
| 9. ZURICH | 19,768,790 | 2.86% |
| 10. HANOVER | 19,708,471 | 2.85% |
| 11. LIBERTY MUTUAL INS | 18,452,354 | 2.67% |
| 12. SELECTIVE INSURANCE | 17,697,593 | 2.56% |
| 13. TWIN CITY FIRE INS | 13,056,542 | 1.89% |
| 14. UTICA | 11,333,458 | 1.64% |
| 15. NATIONAL GRANGE | 9,482,486 | 1.37% |
| 16. OLD REPUBLIC | 8,137,344 | 1.18% |
| 17. NEW HAMPSHIRE | 7,806,141 | 1.13% |
| 18. GREEN MOUNTAIN | 7,641,201 | 1.11% |
| 19. FEDERATED MUTUAL | 7,562,708 | 1.09% |
| 20. GREAT AMERICAN | 7,383,712 | 1.07% |
| 21. AMERICAN CASUALTY | 7,291,800 | 1.06% |
| 22. EMPLOYERS MUTUAL | 6,928,380 | 1.00% |
| 23. FEDERAL | 6,472,565 | 0.94% |
| 24. FARM FAMLY | 5,700,545 | 0.83% |
| 25. N&D MUTUAL | 5,541,499 | 0.80% |
| 26. CENTRAL MUTUAL INS | 5,143,688 | 0.74% |
| 27. BANKERS | 4,183,192 | 0.61% |
| 28. US FIRE | 4,145,471 | 0.60% |
| 29. CINCINNATI | 4,131,050 | 0.60% |
| 30. MIDDLESEX INS CO | 3,258,531 | 0.47% |
| 31. MERCH MUTUAL | 3,149,733 | 0.46% |
| 32. ARCH | 2,806,568 | 0.41% |
| 33. QUINCY MUTUAL | 2,157,281 | 0.31% |
| 34. STARR INDEMNITY | 1,983,989 | 0.29% |
| 35. NEW YORK AND GENERAL INS | 1,743,331 | 0.25% |
| 36. HARLEYSVILLE INS | 1,659,590 | 0.24% |
| 37. IMPERIUM | 1,573,040 | 0.23% |
| 38. MOTORISTS | 1,535,748 | 0.22% |
| 39. PREFERRED MUTUAL | 1,439,626 | 0.21% |
| 40. STATE AUTO | 1,339,339 | 0.19% |
| 41. LANCER INSURANCE CO. | 1,231,578 | 0.18% |
| 42. ATLANTIC SPECIALTY | 1,151,275 | 0.17% |
| 43. BERKSHIRE HATHAWAY | 846,280 | 0.12% |
| 44. PROTECTIVE | 776,619 | 0.11% |
| 45. GEICO | 712,076 | 0.10% |
| 46. SECURITY NATIONAL | 603,241 | 0.09% |
| 47. EVEREST NATIONAL | 510,583 | 0.07% |
| 48. ALLSTATE | 427,894 | 0.06% |
| 49. AMERICAN AUTOMOBILE | 423,897 | 0.06% |
| 50. PENN MNFCT ASSC INS | 418,549 | 0.06% |
| 51. PENN LUMBERMENS | 386,953 | 0.06% |
| 52. CHURCH MUTUAL | 352,043 | 0.05 |
| 53. ARGONAUT | 281,726 | 0.04% |
| 54. GREENWICH | 237,081 | 0.03% |
| 55. AXIS REINSURANCE | 234,806 | 0.03% |
| 56. SOMPO AMERICA | 224,497 | 0.03% |
| 57. MITSUI SUMITOMO | 200,387 | 0.03% |
| 58. FALLS LAKE | 125,246 | 0.02% |
| 59. QBE | 121,745 | 0.02% |
| 60. RLI | 120,041 | 0.02% |
| 61. AMICA MUTUAL | 102,716 | 0.01% |
| 62. STATE FARM | 53,096 | 0.01% |
| 690,922,978 |
Agency Checklists’ Proprietary Retrospective of the Commercial Auto Marketplace
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 July 2023, as compared to similar July in 2022, July 2021, July 2020, and July 2019. Following these comparisons, there are two more comparisons with, one from five years ago in July 2023 and then the last from ten years ago in July 2013.
Each year can be compared by sliding the window to either the left or right on each of the graph comparisons below.
Use the arrows to slide over each graph to view them individually or for further comparison.
July 2023 v. July 2022
July 2023 v. July 2021
July 2023 v. July 2020
July 2023 v. July 2019
5-Year Comparison
Use the arrows to slide over each graph to view them individually or for further comparison.
July 2023 v. July 2018
10-Year Comparison
Use the arrows to slide over each graph to view them individually or for further comparison.
July 2023 v. July 2013
Past Market Share Reports
For those interested in reviewing all of our bi-monthly updates throughout 2022 & 2023 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
