Agency Checklists second update of the year on the current state of the of the Private Passenger Automobile Insurance marketplace, focuses on the first market share data available for 2023, more specifically for February 2023, the latest 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:
The Private Passenger Auto Insurance Marketplace
Exposures & Market Share as of November 2022
| COMPANY | EXPOSURES | MARKET SHARE |
|---|---|---|
| 1. COMMERCE | 169,227 | 20.15% |
| 2. GEICO | 131,712 | 15.68% |
| 3. SAFETY | 72,633 | 8.65% |
| 4. ARBELLA | 64,183 | 7.64% |
| 5. LIBERTY MUTUAL | 63,999 | 7.62% |
| 6. PLYMOUTH ROCK | 56,291 | 6.70% |
| 7. PROGRESSIVE | 55,735 | 6.64% |
| 8. STANDARD FIRE | 38,854 | 4.63% |
| 9. U S A A | 29,327 | 3.49% |
| 10. AMICA MUTUAL | 22,526 | 2.68% |
| 11. METROPOLITAN | 22,353 | 2.66% |
| 12. HANOVER | 21,694 | 2.58% |
| 13. ALLSTATE | 16,518 | 1.97% |
| 14. QUINCY MUTUAL | 16,023 | 1.91% |
| 15. AMERICAN FAMILY | 12,338 | 1.47% |
| 16. NORFOLK AND DEDHAM MUTUAL | 12,331 | 1.47% |
| 17. VERMONT MUTUAL | 9,174 | 1.09% |
| 18. PREFERRED MUTUAL | 3,538 | 0.42% |
| 19. FOREMOST | 3,304 | 0.39% |
| 20. STATE FARM | 2,993 | 0.36% |
| 21. GREEN MOUNTAIN | 2,807 | 0.33% |
| 22. PURE | 2,613 | 0.31% |
| 23. ELECTRIC | 1,958 | 0.23% |
| 24. TRUMBULL | 1,953 | 0.23% |
| 25. BANKERS STANDARD | 1,742 | 0.21% |
| 26. FARM FAMILY | 1,516 | 0.18% |
| 27. CINCINNATI | 992 | 0.12% |
| 28. MARKEL AMERICAN | 520 | 0.06% |
| 29. AMERICAN INTERNATIONAL | 330 | 0.04% |
| 30. HARLEYSVILLE WORCESTER | 254 | 0.03% |
| 31. TOKIO | 155 | 0.02% |
| 32. MIDDLESEX | 131 | 0.02% |
| 33. FIREMEN’S INS CO | 107 | 0.01% |
| 839,834 | 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 apsects over the past 10 years.
The first four side-by-side comparisons shows the February 2023 marketplace versus the same marketplace in February 2022, February 2021, February 2020, and February 2019. Following these graphs, are two additional comparisons between the top 10 insurers in January 2023 versus the top 10 insurers five years earlier in 2023, and then again from a decade ago in 2023.
While many conclusions may be drawn from the data presented below, Agency Checklists prefers that our readers do their own comparisons and draw their own conclusions. With that said, if any of our readers would like to share their own insights after comparing the charts below, we invite them to leave a comment below.
February 2023
Year Over Year Comparison
Use the arrows to slide over each graph to view each graph individually or for further comparison.
February 2023 v. February 2022
February 2023 v. February 2021
February 2023 v. February 2020
February 2023 v. February 2019
The Private Passenger Market Share Five Years Ago
Use the arrows to slide over each graph to view each graph individually or for further comparison.
Five Year Comparison 2023 v. 2018
The Private Passenger Market Share 10 Years Ago
Use the arrows to slide over each graph to view each graph individually or for further comparison.
Five Year Comparison 2023 v. 2013
How to view all of the 2022 updates on the Private Passenger Auto Insurance Marketplace in Massachusetts
2023
2022
