Viewing Knowledge on State of the Market as of October 2024
Printed each different month, our common CAR Replace critiques the newest knowledge on the present state of the Non-public Passenger Vehicle Insurance coverage market. For our first take a look at {the marketplace} in 2025, Company Checklists is publishing market share knowledge as of October 2024, the newest date for which full knowledge is on the market.
As all the time, many due to the Commonwealth Automobile Reinsurers, which acts as the statistical agent for motorcar insurance coverage within the Commonwealth of Massachusetts and gives Company Checklists with all the information offered right here.
Publicity and Market Share as of October 2024
Firms Ranked by Market Share and Exposures
| Firm Identify | Exposures | Market Share |
|---|---|---|
| COMMERCE | 803,030 | 19.04% |
| GEICO | 534,295 | 12.67% |
| SAFETY | 407,644 | 9.66% |
| PROGRESSIVE | 402,257 | 9.54% |
| PLYMOUTH ROCK | 324,372 | 7.69% |
| ARBELLA | 309,161 | 7.33% |
| LIBERTY MUTUAL | 225,988 | 5.36% |
| STANDARD FIRE | 215,334 | 5.10% |
| U S A A | 174,632 | 4.14% |
| AMICA MUTUAL | 133,881 | 3.17% |
| HANOVER | 111,202 | 2.64% |
| METROPOLITAN | 105,123 | 2.49% |
| NORFOLK AND DEDHAM MUTUAL | 83,178 | 1.97% |
| QUINCY MUTUAL | 77,290 | 1.83% |
| ALLSTATE | 66,573 | 1.58% |
| AMERICAN FAMILY | 46,564 | 1.10% |
| VERMONT MUTUAL | 43,833 | 1.04% |
| FOREMOST | 23,773 | 0.56% |
| PREFERRED MUTUAL | 21,415 | 0.51% |
| STATE FARM | 20,475 | 0.49% |
| GREEN MOUNTAIN | 18,082 | 0.43% |
| TRUMBULL | 12,279 | 0.29% |
| BANKERS STANDARD | 12,027 | 0.29% |
| PURE | 11,827 | 0.28% |
| CINCINNATI | 10,595 | 0.25% |
| FARM FAMLY | 7,510 | 0.18% |
| MARKEL AMERICAN | 4,980 | 0.12% |
| ELECTRIC | 3,226 | 0.08% |
| FIREMEN’S INS CO | 1,947 | 0.05% |
| AMERICAN INTERNATIONAL | 1,870 | 0.04% |
| MIDDLESEX | 1,341 | 0.03% |
| HARLEYSVILLE WORCESTER | 1,243 | 0.03% |
| TOKIO | 1,052 | 0.02% |
| AMERICAN FAMILY HOME | 127 | 0.00% |
| AMERICAN BANKERS | 7 | 0.00% |
Company Checklists’ Retrospective of the PPA Market
The next side-by-side comparisons permit our readers to evaluation the state of the Non-public Passenger Auto Insurance coverage Market over the previous decade.
The primary 4 side-by-side comparisons present the October 2024 market versus the identical market in October 2023, October 2022, October 2021, and October 2020. Following these graphs are two extra comparisons between the highest 10 insurers in October 2024 versus the highest 10 insurers 5 years earlier in 2019 after which once more from a decade in the past in 2014.
12 months-Over-12 months Comparisons
Use the arrows to slip over every graph to view them individually or for additional comparability.
October 2024 v. October 2023
October 2024 v. October 2022
October 2024 v. October 2021
October 2024 v. October 2020
The Non-public Passenger Market Share 5 Years In the past
Use the arrows to slip over every graph to view every graph individually or for additional comparability.
The Non-public Passenger Market Share 10 Years In the past
Use the arrows to slip over every graph to view every graph individually or for additional comparability.
