4th Look 2023: Update of the MA Private Passenger Auto Insurance Marketplace

The State of the Private Passenger Marketplace

Published every other month, our regular CAR Update reviews the latest data on the current state of the of the Private Passenger Automobile Insurance marketplace. For this “fourth look” of the year, Agency Checklists is publishing the latest market share data as of July 2023, that last date for which complete data is available.

As always, many thanks to the Commonwealth Automobile Reinsurers which acts as the statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts and provides Agency Checklists with all the data presented here.

So, without further ado, a look at the latest data points:

Exposures & Market Share as of July 2023

Company	Exposures	Market Share
1. COMMERCE	588,005	19.89%
2. GEICO	458,663	15.51%
3. SAFETY	256,151	8.66%
4. ARBELLA	224,176	7.58%
5. PLYMOUTH ROCK	210,577	7.12%
6. PROGRESSIVE	209,570	7.09%
7. LIBERTY MUTUAL	198,869	6.73%
8. STANDARD FIRE	138,193	4.67%
9. U S A A	107,978	3.65%
10. AMICA MUTUAL	82,419	2.79%
11. HANOVER	79,762	2.70%
12. METROPOLITAN	76,545	2.59%
13. ALLSTATE	57,066	1.93%
14. QUINCY MUTUAL	52,825	1.79%
15. NORFOLK AND DEDHAM MUTUAL	45,691	1.55%
16. AMERICAN FAMILY	43,771	1.48%
17. VERMONT MUTUAL	32,933	1.11%
18. STATE FARM	12,789	0.43%
19. PREFERRED MUTUAL	12,045	0.41%
20. GREEN MOUNTAIN	11,266	0.38%
21. FOREMOST	10,027	0.34%
22. PURE	8,392	0.28%
23. BANKERS STANDARD	8,065	0.27%
24. TRUMBULL	6,825	0.23%
25. ELECTRIC	5,858	0.20%
26. CINCINNATI	5,306	0.18%
27. FARM FAMILY	5,212	0.18%
28. MARKEL AMERICAN	3,074	0.10%
29. AMERICAN INTERNATIONAL	1,361	0.05%
30. MIDDLESEX	968	0.03%
31. HARLEYSVILLE WORCESTER	890	0.03%
32. TOKIO	739	0.03%
33. FIREMEN’S INS CO	624	0.02%
TOTAL	2,956,735	100.00%

Agency Checklists’ Proprietary Retrospective of the PPA Marketplace

The following side-by-side comparisons allow our readers to review the state of the Private Passenger Auto Insurance Marketplace from various aspects over the past 10 years.

The first four side-by-side comparisons shows the July 2023 marketplace versus the same marketplace in July 2022, July 2021, July 2020, and July 2019. Following these graphs, are two additional comparisons between the top 10 insurers in July 2023 versus the top 10 insurers five years earlier in 2018, and then again from a decade ago in 2013.