5th Look 2022: The Massachusetts Commercial Auto Insurance Marketplace

This is the fifth installment of Agency Checklists’ bi-monthly update on the current state of the Commercial Auto Insurance marketplace in Massachusetts. Every two months, Agency Checklists reports on the latest data to give a snapshot of the current state of the Commercial Automobile insurance marketplace in Massachusetts.

As always, all of the data presented here is provided courtesy of the Commonwealth Automobile Reinsurers and represents the state of the market through July 2022. For those unfamiliar with the Commonwealth Automobile Reinsurer, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.

The Commercial Auto Marketplace in Massachusetts as of July 2022

COMPANYPREMIUMSMARKET SHARE1. COMMERCE87,349,28213.66%2. SAFETY78,551,47112.28%3. ARBELLA70,423,82211.01%4. PROGRESSIVE54,425,3108.51%5. TRAVELERS50,539,8217.90%6. PLYMOUTH ROCK33,363,8215.22%7. TOKIO MARINE & NACHIDO27,493,8034.30%8. FIREMAN’S24,101,4233.77%9. LIBERTY MUTUAL INS20,289,0503.17%10. HANOVER18,775,9322.94%11. ZURICH17,096,8862.67%12. SELECTIVE INSURANCE15,494,6522.42%13. UTICA11,606,6411.81%14. TWIN CITY FIRE INS9,649,1341.51%15. NATIONAL GRANGE9,371,4461.47%16. OLD REPUBLIC7,868,3341.23%17. FEDERAL6,872,1691.07%18. GREAT AMERICAN6,805,8781.06%19. EMPLOYERS MUTUAL6,536,6681.02%20. GREEN MOUNTAIN6,376,5811.00%21. FEDERATED MUTUAL6,339,0950.99%22. AMERICAN CASUALTY6,197,3390.97%23. NEW HAMPSHIRE6,150,0800.96%24. FARM FAMLY5,463,1650.85%25. N&D MUTUAL5,041,5450.79%26. CENTRAL MUTUAL INS4,943,4920.77%27. BANKERS4,238,2560.66%28. US FIRE3,787,7720.59%29. MERCH MUTUAL3,205,8080.50%30. MIDDLESEX INS CO3,171,9300.50%31. CINCINNATI2,922,5460.46%32. QUINCY MUTUAL2,416,9720.38%33. ARCH2,269,8960.35%34. HARLEYSVILLE INS2,137,4730.33%35. PREFERRED MUTUAL1,513,1690.24%36. STARR INDEMNITY1,508,1880.24%37. NEW YORK AND GENERAL INS1,489,8040.23%38. IMPERIUM1,456,9690.23%39. MOTORISTS1,440,6620.23%40. STATE AUTO1,191,2550.19%41. LANCER INSURANCE CO.1,113,9810.17%42. ATLANTIC SPECIALTY968,0750.15%43. EVEREST NATIONAL818,5770.13%44. PENN MNFCT ASSC INS696,1650.11%45. ALLSTATE669,0690.10%46. ARGONAUT587,8560.09%47. BERKSHIRE HATHAWAY531,7790.08%48. SECURITY NATIONAL517,0100.08%49. PENN LUMBERMENS441,3790.07%50. GEICO439,9900.07%51. SOMPO AMERICA434,5860.07%52. CHURCH MUTUAL368,6890.06%53. PROTECTIVE320,8740.05%54. GREENWICH277,5130.04%55. ALLIED WORLD SPECIALTY266,1020.04%56. AMERICAN AUTOMOBILE216,5380.03%57. AXIS REINSURANCE211,5560.03%58. MITSUI SUMITOMO207,4940.03%59. QBE138,9760.02%60. RLI119,5530.02%61. AMICA MUTUAL116,8730.02%62. STATE FARM43,9430.01%63. MARKEL AMERICAN41,8780.01%64. GUIDEONE MUTUAL34,5070.01%65. FALLS LAKE32,8060.01%66. CUMIS27,2820.00%67. STARSTONE NATIONAL26,8420.00%68. HDI GLOBAL26,3830.00%69. T.H.E. INS CO23,3140.00%70. AMERICAN HALLMARK8,4770.00%71. AMERICAN FAMILY3810.00%

Focus on the Top Ten Commercial Auto Insurers Over the Years

In order to give some perspective on the shifts in the Marketplace, the three graphs below present the Top Ten Commercial Auto insurers for the month of May 2022, followed by comparisons of past top ten data from five years earlier in May 2017, and then finally from a decade ago in May 2012.

July 2022/July 2017 Comparison

July 2022/July 2012 Comparison

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: