3rd Look 2023: Market Share Update of the MA Private Passenger Marketplace

A snapshot of the marketplace as of April 2023

Agency Checklists third update of the year focuses on the current state of the of the Private Passenger Automobile Insurance marketplace as of April 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:

The Private Passenger Auto Insurance Marketplace

Exposures & Market Share as of April 2023

CompanyApril 2023 ExposuresApril 2023 Market Share1. COMMERCE336,83420.05%2. GEICO268,86716.00%3. SAFETY142,3858.47%4. ARBELLA125,2427.45%5. LIBERTY MUTUAL121,1667.21%6. PROGRESSIVE118,6527.06%7. PLYMOUTH ROCK118,4227.05%8. STANDARD FIRE77,7214.63%9. U S A A56,8953.39%10. AMICA MUTUAL44,1742.63%11. METROPOLITAN43,9352.61%12. HANOVER43,6042.59%13. ALLSTATE33,5221.99%14. QUINCY MUTUAL30,3311.81%15. AMERICAN FAMILY25,0861.49%16. NORFOLK AND DEDHAM MUTUAL24,8771.48%17. VERMONT MUTUAL18,1211.08%18. PREFERRED MUTUAL6,9070.41%19. STATE FARM6,3650.38%20. FOREMOST5,9270.35%21. GREEN MOUNTAIN5,8820.35%22. PURE4,8490.29%23. BANKERS STANDARD3,9730.24%24. TRUMBULL3,8410.23%25. ELECTRIC3,5200.21%26. FARM FAMILY2,9630.18%27. CINCINNATI2,5130.15%28. MARKEL AMERICAN1,4560.09%29. AMERICAN INTERNATIONAL7030.04%30. HARLEYSVILLE WORCESTER4610.03%31. MIDDLESEX4610.03%32. TOKIO4040.02%33. FIREMEN’S INS CO2900.02%1,680,388100.00%

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 April 2023 marketplace versus the same marketplace in April 2022, February 2021, February 2020, and February 2019. Following these graphs, are two additional comparisons between the top 10 insurers in April 2023 versus the top 10 insurers five years earlier in 2018, and then again from a decade ago in 2013.