Commerce continues to be the most important Non-public Passenger Auto Insurer in MA
Revealed each different month, Company Checklists’ CAR Updates evaluate the newest information on the present state of the Non-public Passenger Car Insurance coverage market. For our re-assessment of the yr, this replace critiques the market share information as of October 2024, the newest date for which full information is out there.
When it comes to what the information exhibits, as of December 2024, Commerce continues to carry the most important share of the personal passenger auto insurance coverage market, with 19.02% market share and 936,254 exposures, sustaining a robust lead over its rivals. GEICO follows with a 12.61% market share and 620,576 exposures, whereas Progressive (9.78%) and Security (9.63%) stay shut rivals, every with over 470,000 exposures. Notably, Plymouth Rock (7.70%) and Arbella (7.25%) additionally maintain vital positions out there.
The highest ten insurers collectively dominate the sector, accounting for greater than 75% of whole exposures. Hanover, Metropolitan, and Norfolk and Dedham Mutual spherical out the center tier, every controlling between 2% and three% of the market, whereas smaller carriers equivalent to Inexperienced Mountain, Trumbull, and Bankers Normal every maintain lower than 0.5% market share. The overall market exposures quantity to 4,921,462, highlighting the aggressive nature of the Massachusetts auto insurance coverage sector, with a transparent focus of enterprise among the many main insurers. The overall market exposures stand at 4,921,462 as of the final month of 2024.
As at all times, many due to the Commonwealth Automobile Reinsurers, which acts as the statistical agent for motorized vehicle insurance coverage within the Commonwealth of Massachusetts and supplies Company Checklists with all the information introduced right here.
Non-public Passenger Auto Insurers Ranked by Premiums & Market Share
| Firm Identify | Exposures | Market Share |
|---|---|---|
| COMMERCE | 936,254 | 19.02% |
| GEICO | 620,576 | 12.61% |
| PROGRESSIVE | 481,494 | 9.78% |
| SAFETY | 474,013 | 9.63% |
| PLYMOUTH ROCK | 379,043 | 7.70% |
| ARBELLA | 356,676 | 7.25% |
| LIBERTY MUTUAL | 259,444 | 5.27% |
| STANDARD FIRE | 256,772 | 5.22% |
| U S A A | 203,543 | 4.14% |
| AMICA MUTUAL | 148,228 | 3.01% |
| HANOVER | 127,838 | 2.60% |
| METROPOLITAN | 121,993 | 2.48% |
| NORFOLK AND DEDHAM MUTUAL | 96,868 | 1.97% |
| QUINCY MUTUAL | 88,819 | 1.80% |
| ALLSTATE | 76,952 | 1.56% |
| AMERICAN FAMILY | 52,334 | 1.06% |
| VERMONT MUTUAL | 51,659 | 1.05% |
| FOREMOST | 32,217 | 0.65% |
| PREFERRED MUTUAL | 25,174 | 0.51% |
| STATE FARM | 23,934 | 0.49% |
| GREEN MOUNTAIN | 21,521 | 0.44% |
| TRUMBULL | 14,251 | 0.29% |
| BANKERS STANDARD | 14,014 | 0.28% |
| PURE | 12,691 | 0.26% |
| CINCINNATI | 12,593 | 0.26% |
| FARM FAMILY | 8,669 | 0.18% |
| INCLINE | 6,134 | 0.12% |
| MARKEL AMERICAN | 5,748 | 0.12% |
| ELECTRIC | 3,175 | 0.06% |
| FIREMEN’S INS CO | 2,374 | 0.05% |
| AMERICAN INTERNATIONAL | 2,181 | 0.04% |
| HARLEYSVILLE WORCESTER | 1,539 | 0.03% |
| MIDDLESEX | 1,395 | 0.03% |
| TOKIO | 1,176 | 0.02% |
| AMERICAN FAMILY HOME | 164 | 0.00% |
| AMERICAN BANKERS | 8 | 0.00% |
Company Checklists’ Retrospective of the PPA Market
The next side-by-side comparisons permit our readers to evaluate the state of the Non-public Passenger Auto Insurance coverage Market over the previous decade.
The primary 4 side-by-side comparisons present the December 2024 market versus the identical market in Yr-Finish 2023, Yr-Finish 2022, Yr-Finish 2021, and Yr-Finish 2020.
Following these graphs are two extra comparisons between the highest 10 insurers in December 2024 versus the highest 10 insurers 5 years earlier in 2019 after which once more from a decade in the past in 2014.
Yr-Over-Yr Comparisons
Use the arrows to slip over every graph to view them individually or for additional comparability.
December 2024 v. Yr-Finish 2023
December 2024 v. Yr-Finish 2022
December 2024 v. Yr-Finish 2021
December 2024 v. Yr-Finish 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.
