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The Top 10 Private Passenger Auto Insurers in the U.S. in 2014

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This year GEICO surpassed Allstate as the number two private passenger auto insurer in the U.S.

Each year, the National Association of Insurance Commissioners publishes its annual list of the Top 25 Private Passenger Automobile Insurance Companies as of March 2014. The list is based on filings to the N.A.I.C. as of March 31, 2014 and represents an estimated 98.92% of the Property Casualty filings that it receives. Of note, in 2014 the Berkshire Hathaway Group, or GEICO, overtook Allstate as the second largest private passenger auto insurer in the U.S. State Farm remained in the number one spot. Here is a list of the top 25 private passenger auto insuranc companies in the United States.

Rank

Company Name

Direct Premium Written

Direct Premium Earned

Direct Loss to EP Ratio

Market Share

Cumulative Market Share
1. State Farm Grp. 33,610,200,519 33,165,425,925 67.38 18.52 18.52
2. Berkshire Hathaway Grp. 18,622,625,537 18,129,966,808 68.71 10.26 28.78
3. Allstate Insurance Grp. 18,067,452,324 17,870,786,716 64.63 9.95 38.73
4. Progressive Grp. 15,373,142,367 15,148,557,612 63.81 8.47 47.20
5. Farmers Ins. Grp. 9,880,904,899 10,056,136,263 58.89 5.44 52.64
6. USAA Grp. 9,167,241,811 8,982,491,821 72.97 5.05 57.69
7. Liberty Mutual Grp. 9,036,455,075 8,647,227,601 63.07 4.98 62.67
8. Nationwide Corp. Grp. 7,279,834,888 7,243,892,210 65.47 4.01 66.68
9. American Family Ins. Grp. 3,441,682,470 3,408,797,945 65.52 1.90 68.58
10. Travelers Grp. 3,178,691,672 3,218,596,294 59.93 1.75 70.33
11. Hartford Fire & Cas. Grp. 2,350,104,873 2,315,771,079 64.32 1.29 71.62
12. Auto Club Enterprises Ins. Grp. 2,331,835,282 2,302,507,832 60.21 1.28 72.91
13. Erie Ins. Grp. 2,219,540,639 2,150,633,630 65.32 1.22 74.13
14. Metropolitan Grp. 2,207,198,348 2,129,279,464 60.38 1.22 75.35
15. Mercury Gen. Grp. 2,134,485,168 2,132,216,748 62.28 1.18 76.52
16. CSAA Ins. Grp. 2,007,159,708 2,005,718,427 66.50 1.11 77.63
17. Auto Owners Grp. 1,778,653,094 1,745,625,024 75.19 0.98 78.61
18. Automobile Club MI Grp. 1,566,824,181 1,568,827,084 78.48 0.86 79.47
19. MAPFRE Ins. Grp. 1,477,016,464 1,450,285,748 64.85 0.81 80.28
20. Infinity Prop. & Cas. Ins. Grp. 1,254,501,546 1,230,809,640 65.00 0.69 80.98
21. Amtrust NGH Grp. 1,196,473,451 1,213,701,319 63.77 0.66 81.63
22. Amica Mutual Grp. 1,082,306,345 1,067,287,484 64.98 0.60 82.23
23. Country Ins. & Fin. Serv. Grp. 969,704,991 967,483,647 60.76 0.53 82.77
24. The Hanover Ins. Grp. 963,371,404 982,946,039 65.52 0.53 83.30
25. New Jersey Manufacturers Grp. 943,938,476 927,017,714 60.60 0.52 83.82

 

A comparison of the Top 10 U.S. auto insurers versus the Top 10 in Massachusetts

A couple of weeks ago Agency Checklists published a list of the Top 10 private passenger auto insurance companies in Massachusetts. We thought it might be interesting for Massachusetts insurance professionals to see a side by side comparison of the national list and the Bay State list. It is interesting to note at the outset, however, that Massachusetts’ largest auto insurer MAPFRE/Commerce is only number 19 on the list above.

 

Rank

Massachusetts Top 10

U.S. Top 10

1.

MAPFRE/Commerce

State Farm

2.

Liberty Mutual

GEICO

3.

Safety Insurance

Allstate

4.

Arbella

Progressive

5.

Plymouth Rock

Farmers

6.

Metropolitan Property & Casualty

USAA

7.

GEICO

Liberty Mutual

8.

Amica

Nationwide

9.

The Hanover Insurance Co.

American Family

10.

The Premier Insurance Company of MA

Travelers