Our third look this year at the shifts in the Commercial Auto marketplace
The following are the latest movements and trends in the market share of the top 10 commercial automobile insurance companies in Massachusetts. Like our look at the private passenger auto insurance marketplace, the aim of this article is to provide a snapshot of what is happening right now along with a review of the overall shifts and trends that are happening within the commercial automobile insurance marketplace in the Commonwealth
All of the data presented here is provided courtesy of the Commonwealth Automobile Reinsurers. CAR is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.
Graphs from September 2016, 2011 and 2006 show market changes
The following charts list the total market share for the majority of commercial auto insurance writers in Massachusetts, followed by the top ten writers by market share as of September 2016.
They are provided for those interested in comparing today’s market leaders with a similar graph from 2006 to see how the Massachusetts commercial automobile insurance market has shifted over the last ten years.
Changes at the top of the top 20 commercial automobile insurers list
The most interesting take-away from this latest look at the state of the 2016 commercial automobile insurance marketplace in Massachusetts, is that Safety has claimed the number one spot from Commerce.
At the start of 2016, Commerce held the top spot with 15.72% of the market share. The insurer, however, has slipped to second place as of September 2016, the latest date for which complete information is available, with 14.54% of the market share. In comparison Safety began 2016 in second place with 14.06% of the market and now claims the top spot with a total market share of 14.73%.
Aside from the top two Commercial auto carriers, the following is a list of the total market share of the top 20 carriers. Please note that while there are more than 20 carriers that write commercial auto in the Commonwealth, we decided to provide data for only the top 20.
| COMPANY | PREMIUMS | MARKET SHARE |
| 1. Safety | 88,344,108 | 14.73% |
| 2. Commerce | 87,240,255 | 14.54% |
| 3. Travelers | 78,435,813 | 13.08% |
| 4. Arbella | 70,584,735 | 11.77% |
| 5. Liberty Mutual Ins. | 28,894,141 | 4.82% |
| 6. Toko Marine & Nachido | 23,544,663 | 3.92% |
| 7. Hanover | 22,939,008 | 3.82% |
| 8. Fireman’s | 20,252,649 | 3.38% |
| 9. Progressive | 17,904,949 | 2.98% |
| 10. Zurich | 15,780,577 | 2.63% |
| 11. Plymouth Rock | 13,219,463 | 2.20% |
| 12. New Hampshire | 11,281,663 | 1.88% |
| 13. Selective Insurance | 10,304,384 | 1.72% |
| 14. Utica | 10,176,517 | 1.70% |
| 15. National Grange | 9,715,271 | 1.62% |
| 16. Twin City Fire Insurance | 9,212,098 | 1.54% |
| 17. Great American | 7,526,034 | 1.25% |
| 18. Harleysville Insurance | 7,010,284 | 1.17% |
| 19. American Casualty | 6,461,946 | 1.08% |
| 20. Argonaut Insurance Company | 5,734,946 | 0.96% |
A look at the market share for the top 10 companies writing commercial auto insurance in Massachusetts
September 2016
2011
Now compare above with the top ten commercial auto insurance companies in Massachusetts a decade ago (2006)
