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You are here: Home / DOI News / Who Are The Top Commercial Auto Insurance Companies in Massachusetts?

Who Are The Top Commercial Auto Insurance Companies in Massachusetts?

April 3, 2018 by Julia Ybarra

Agency Checklists, MA Insurance News, Mass. Insurance News, Who are the top commercial auto insurers in Massachusetts, commercial auto insurance MassachusettsThis list is based on data compiled by the DOI for 2016, the last year for which complete data is available.

This week we turn to review who are the top commercial automobile insurance companies in the Commonwealth. The information reprinted here was provided by The Massachusetts Division of Insurance based on data collected during the calendar year 2016, the last year for which complete information is available.

There are currently 212 companies writing this line of insurance in Massachusetts

Two hundred and twelve (212) companies currently write Commercial Auto in Massachusetts claiming Total Direct Premium of $835,082,080 dollars.

Six out of the top 20 Commercial Automobile Insurance Companies are Massachusetts-based

The top 20 Commercial Auto insurance companies in the Commonwealth have a combined total of $547,057,695 dollars in Direct Written Premium. This amount represents a 65.5% share of the market.

Out of the top 20 companies writing this line of insurance, six are based in Massachusetts.

They are as follows:

  1. MAPFRE/Commerce;
  2. Arbella Protection Ins. Co.;
  3. Safety Insurance Co.;
  4. Safety Ind. Ins. Co.;
  5. Citation Ins. Co.; and
  6. Pilgrim Ins. Co.

The remaining 192 companies writing commercial auto here have Direct Written Premium totaling $288,023,385 dollars representing a 34.5% share of the market.

Premium Written and MA Market Share of the top 20 Commercial Auto Insurers

Company Name

State

Premium Written in MA

Market Share in MA

Commerce Ins. Co.

MA

 103,674,495

12.41%

Arbella Protection Ins Co

MA

$81,370,355

9.74%

Safety Ins Co

MA

$78,787,332

9.43%

Charter Oak Fire Ins Co

CT

$58,341,308

6.99%

Safety Ind Ins Co

MA

$35,832,464

4.29%

Philadelphia Ind Ins Co

PA

$28,280,748

3.39%

Allmerica Fin Benefit Ins Co

MI

$14,960,223

1.79%

Liberty Mut Fire Ins Co

WI

$13,429,035

1.61%

Travelers Cas Ins Co Of Amer

CT

$13,421,794

1.61%

NGM Ins Co

FL

$12,774,248

1.53%

Acadia Ins Co

NH

$12,618,456

1.51%

Pilgrim Ins Co

MA

$12,443,677

1.49%

Citation Ins Co

MA

$12,156,690

1.46%

New Hampshire Ins Co

IL

$11,857,827

1.42%

Progressive Cas Ins Co

OH

$11,366,096

1.36%

Zurich Amer Ins Co

NY

$11,316,055

1.36%

Travelers Ind Co

CT

$10,358,271

1.24%

National Interstate Ins Co

OH

$8,318,932

1.00%

Union Ins Co

IA

$7,901,866

0.95%

National Union Fire Ins Co Of Pitts

PA

$7,847,823

0.94%

 

Filed Under: DOI News, Insurer News, Top Massachusetts Insurers Tagged With: commercial auto insurance Massachusetts, ma insurance news, Mass. Insurance News, Top insurers in Massachusetts, Top Private Passenger Auto Companies in MA, Who are the top commercial auto insurers in Mass?

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