4th Look 2023: The MA Commercial Auto Marketplace

Latest Data as of July 2023

Every other month, Agency Checklists published a bi-monthly “check-up” on the current state of the Commercial Auto Insurance marketplace. The data reviewed for this line of insurance, is provided courtesy of the Commonwealth Automobile Reinsurers. For those readers who may be unfamiliar with the Commonwealth Automobile Reinsurers, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.

The ultimate aim of these “looks” is to get a better sense of the trends and movements happening within this line of insurance. For our current update, the data reflects the state of the market as of July 2023, the latest date for which complete CAR data is currently available.

So, without further ado, the latest numbers follow below:

The Commercial Auto Marketplace in Massachusetts

Exposures & Market Share as of July 2023

COMPANYPREMIUMSMARKET SHARE1. COMMERCE95,663,17313.85%2. SAFETY87,094,50812.61%3. ARBELLA76,166,97611.02%4. PROGRESSIVE60,888,5838.81%5. TRAVELERS51,522,2947.46%6. PLYMOUTH ROCK34,518,7725.00%7. TOKIO MARINE & NACHIDO29,470,0364.27%8. FIREMAN’S25,750,0663.73%9. ZURICH19,768,7902.86%10. HANOVER19,708,4712.85%11. LIBERTY MUTUAL INS18,452,3542.67%12. SELECTIVE INSURANCE17,697,5932.56%13. TWIN CITY FIRE INS13,056,5421.89%14. UTICA11,333,4581.64%15. NATIONAL GRANGE9,482,4861.37%16. OLD REPUBLIC8,137,3441.18%17. NEW HAMPSHIRE7,806,1411.13%18. GREEN MOUNTAIN7,641,2011.11%19. FEDERATED MUTUAL7,562,7081.09%20. GREAT AMERICAN7,383,7121.07%21. AMERICAN CASUALTY7,291,8001.06%22. EMPLOYERS MUTUAL6,928,3801.00%23. FEDERAL6,472,5650.94%24. FARM FAMLY5,700,5450.83%25. N&D MUTUAL5,541,4990.80%26. CENTRAL MUTUAL INS5,143,6880.74%27. BANKERS4,183,1920.61%28. US FIRE4,145,4710.60%29. CINCINNATI4,131,0500.60%30. MIDDLESEX INS CO3,258,5310.47%31. MERCH MUTUAL3,149,7330.46%32. ARCH2,806,5680.41%33. QUINCY MUTUAL2,157,2810.31%34. STARR INDEMNITY1,983,9890.29%35. NEW YORK AND GENERAL INS1,743,3310.25%36. HARLEYSVILLE INS1,659,5900.24%37. IMPERIUM1,573,0400.23%38. MOTORISTS1,535,7480.22%39. PREFERRED MUTUAL1,439,6260.21%40. STATE AUTO1,339,3390.19%41. LANCER INSURANCE CO.1,231,5780.18%42. ATLANTIC SPECIALTY1,151,2750.17%43. BERKSHIRE HATHAWAY846,2800.12%44. PROTECTIVE776,6190.11%45. GEICO712,0760.10%46. SECURITY NATIONAL603,2410.09%47. EVEREST NATIONAL510,5830.07%48. ALLSTATE427,8940.06%49. AMERICAN AUTOMOBILE423,8970.06%50. PENN MNFCT ASSC INS418,5490.06%51. PENN LUMBERMENS386,9530.06%52. CHURCH MUTUAL352,0430.0553. ARGONAUT281,7260.04%54. GREENWICH237,0810.03%55. AXIS REINSURANCE234,8060.03%56. SOMPO AMERICA224,4970.03%57. MITSUI SUMITOMO200,3870.03%58. FALLS LAKE125,2460.02%59. QBE121,7450.02%60. RLI120,0410.02%61. AMICA MUTUAL102,7160.01%62. STATE FARM53,0960.01%690,922,978

Agency Checklists’ Proprietary Retrospective of the Commercial Auto Marketplace

The following are graphs depicting the state of the Commercial Auto Insurance Marketplace over the past 10 years. The first graph shows the top 10 Commercial Auto Insurers as of July 2023, as compared to similar July in 2022, July 2021, July 2020, and July2019. Following these comparisons, there are two more comparisons with, one from five years ago in July 2023 and then the last from ten years ago in July 2013.

Each year can be compared by sliding the window to either the left or right on each of the graph comparisons below.

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

July 2023 v. July 2022

July 2023 v. July 2021

July 2023 v. July 2020

July 2023 v. July 2019

5-Year Comparison

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

July 2023 v. July 2018

10-Year Comparison

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

July 2023 v. July 2013

Past Market Share Reports

For those interested in reviewing all of our bi-monthly updates throughout 2022 in order to get a sense of how the Commercial Auto Insurance marketplace continues to evolve, please find links to Agency Checklists’ previous updates below: