Final Look 2022: The Massachusetts Commercial Auto Insurance Marketplace
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For the last bi-monthly update on the current state of the Commercial Auto Insurance marketplace in Massachusetts, Agency Checklists is taking a look at state of the marketplace through September 2022. 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 in order for our readers to get a better sense of the trends and movements happening within this line of insurance.
As always, all of the data presented here is provided courtesy of the Commonwealth Automobile Reinsurers. For those unfamiliar with the Commonwealth Automobile Reinsurers, “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 SHARECOMMERCE110,602,13113.59%SAFETY101,724,99112.50%ARBELLA88,814,46010.92%PROGRESSIVE69,136,9418.50%TRAVELERS60,594,9937.45%PLYMOUTH ROCK39,906,8904.91%TOKIO MARINE & NACHIDO32,117,5353.95%FIREMAN’S29,169,3783.59%LIBERTY MUTUAL IN26,913,8953.31%HANOVER22,865,1962.81%ZURICH21,734,7572.67%SELECTIVE INSURANCE19,431,9512.39%UTICA15,777,1241.94%OLD REPUBLIC14,019,1491.72%TWIN CITY FIRE INS12,334,4741.52%GREAT AMERICAN12,270,1121.51%NATIONAL GRANGE11,441,0951.41%FEDERATED MUTUAL8,501,5471.04%FEDERAL8,217,6401.01%GREEN MOUNTAIN8,142,4541.00%EMPLOYERS MUTUAL7,902,7590.97%AMERICAN CASUALTY7,624,8650.94%NEW HAMPSHIRE6,952,6460.85%FARM FAMLY6,759,8970.83%N&D MUTUAL6,475,1120.80%CENTRAL MUTUAL INS6,247,2410.77%BANKERS4,842,7610.60%US FIRE4,615,1500.57%MIDDLESEX INS CO4,205,1630.52%MERCH MUTUAL4,062,3830.50%CINCINNATI3,877,4400.48%IMPERIUM3,207,0490.39%ARCH3,146,3090.39%QUINCY MUTUAL2,903,3020.36%HARLEYSVILLE INS2,744,0080.34%NEW YORK AND GENERAL INS2,313,0180.28%PENN LUMBERMENS2,237,8250.28%PREFERRED MUTUAL1,963,1550.24%MOTORISTS1,750,9340.22%LANCER INSURANCE CO.1,552,9160.19%STARR INDEMNITY1,508,1880.19%STATE AUTO 1,431,0180.18%EVEREST NATIONAL1,349,7360.17%ATLANTIC SPECIALTY1,123,6900.14%ALLSTATE921,2820.11%SECURITY NATIONAL852,3130.10%CHURCH MUTUAL764,5420.09%PENN MNFCT ASSC INS726,3930.09%ARGONAUT642,8630.08%SOMPO AMERICA561,8520.07%BERKSHIRE HATHAWAY549,6100.07%PRIME PROPERTY & CASUALTY533,2560.07%PROTECTIVE492,2700.06%GEICO433,6230.05%GREENWICH373,5390.05%AXIS REINSURANCE311,0380.04%QBE286,1430.04%ALLIED WORLD SPECIALTY266,1020.03%MITSUI SUMITOMO245,0160.03%AMERICAN AUTOMOBILE243,2290.03%RLI180,8190.02%STARSTONE NATIONAL159,2880.02%AMICA MUTUAL153,0780.02%FALLS LAKE105,4350.01%STATE FARM60,9790.01%GUIDEONE MUTUAL50,5030.01%MARKEL AMERICAN41,8470.01%CUMIS38,6350.00%T.H.E. INS CO31,7760.00%HDI GLOBAL26,3830.00%AMERICAN HALLMARK17,7420.00%COREPOINTE INS CO5,8500.00%AMERICAN BANKERS INS CO4,6840.00%AMERICAN ALTERNATIVE8480.00%AMERICAN FAMILY7620.00%TOTAL813,594,978100.00%
A Retrospective on the Top 10 Commercial Auto Insurers Over the Past 10 Years
September 2022
September 2017
September 2012
September 2022/September 2017 Comparison
September 2022/September 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:
2022 Market Share Reports
