2nd Look 2024: The MA Private Passenger Auto Insurance Marketplace

State of the Marketplace as of May 2024

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 our first look at the state of the marketplace in 2024, Agency Checklists is publishing the latest market share data as of May 2024, 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:

Exposure and Market Share as of May 2024

Company NameExposuresMarket ShareCOMMERCE401,83219.04%GEICO279,74313.26%SAFETY204,8239.71%PROGRESSIVE187,3598.88%PLYMOUTH ROCK164,3667.79%ARBELLA152,2167.21%LIBERTY MUTUAL122,7855.82%STANDARD FIRE106,2615.04%U S A A78,8423.74%AMICA MUTUAL63,4573.01%HANOVER53,6912.54%METROPOLITAN53,6332.54%QUINCY MUTUAL41,6191.97%NORFOLK AND DEDHAM MUTUAL40,5691.92%ALLSTATE34,0691.61%AMERICAN FAMILY24,8671.18%VERMONT MUTUAL22,9041.09%FOREMOST12,4430.59%PREFERRED MUTUAL11,0710.52%STATE FARM8,9170.42%GREEN MOUNTAIN8,8390.42%PURE6,4540.31%TRUMBULL6,4160.30%BANKERS STANDARD5,3780.25%CINCINNATI4,4240.21%FARM FAMLY3,9060.19%ELECTRIC3,4030.16%MARKEL AMERICAN2,4050.11%AMERICAN INTERNATIONAL8720.04%FIREMEN’S INS CO8610.04%MIDDLESEX7170.03%HARLEYSVILLE WORCESTER5780.03%TOKIO5400.03%AMERICAN FAMILY HOME250.00%AMERICAN BANKERS20.00%TOTALS2,110,286100.00%

Agency Checklists’ 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 May 2024 marketplace versus the same marketplace in May 2023, May 2022, May 2021, and May 2020. Following these graphs are two additional comparisons between the top 10 insurers in May 2024 versus the top 10 insurers five years earlier in 2019, and then again from a decade ago in 2014.

Year-Over-Year Comparisons

Use the arrows to slide over each graph to view them individually or for further comparison.

May 2024 v. May 2023

May 2024 v. May 2022

May 2024 v. May 2021

May 2024 v. May 2020

The Private Passenger Market Share 5 Years Ago

Use the arrows to slide over each graph to view each graph individually or for further comparison.

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

2nd Look 2024: The MA Private Passenger Auto Insurance Marketplace