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You are here: Home / Insurance Industry Information | Massachusetts / Market Share | Reports / NAIC Market Share Reports | 2020 / NAIC 2020 Market Share Report: The Top 25 Private Passenger Auto Insurers (U.S.)

NAIC 2020 Market Share Report: The Top 25 Private Passenger Auto Insurers (U.S.)

March 30, 2020 by Agency Checklists

A look at who are the top 25 auto insurers ranked by market share



The National Association of Insurance Commissioners has issued its annual Market Share Data Reports for both the Property & Casualty Insurance Marketplace as well as for the Life & Fraternal Insurance Marketplace. As in the past, the data offered by the NAIC reflects a compiled list of market share data based upon filings of countrywide premium submitted to the NAIC from Property & Casualty insurers as reported on the State Page of the NAIC’s annual statement for insurers for the year 2019 (the latest date for which complete data is available).

The data is then compiled and included in various reports on cumulative market share data for the seven major lines of insurance in the United States:

  1. All Lines,
  2. Personal Auto,
  3. Commercial Auto,
  4. Workers’ Compensation,
  5. Medical Professional Liability,
  6. Homeowners Multi-Peril, and
  7. Other Liability (excluding auto liability)

The state of the P&C insurance marketplace in the U.S.

With approximately 84.62% of Property & Casualty insurers having reported, the Direct Premiums Written for all lines of insurance business in 2019 was $623,639,809,558.

The state of the Private Passenger Auto Insurance marketplace

Of that amount, the Private Passenger Auto Insurance marketplace continues to have the largest amount of direct premiums written in the industry with a total of $ 253,238,614,669 in 2019, representing approximately 36% of all reported written premiums. This amount reflects an increase in Direct Written Premiums of $7,166,220,843 from 2018 which had a total of $246,072,393,826. 

As for Direct Premiums Earned, the amount also increased to $251,011,648,078 versus $242,054,605,219 in 2018.

Of note, the following movements were noted in comparing this year’s list with last year’s:

  • Progressive continues as the third-largest private passenger auto insurer in the U.S. and actually increased its market share to 12.25% from 11.00% in 2018.
  • The market share for Berkshire Hathaway, the second-largest private passenger auto insurer remained did not increase as much rising from 13.44% in 2018 to 13.78% in 2019.
  • The top three insurers in this line of insurance have a combined market share of 42.17%.
  • Three Massachusetts-based insurers continued to make the list this year: Liberty Mutual (#6), MAPFRE (#21), and The Hanover (#22). The Hanover is the only one of the Massachusetts-based insurers to increase its rank moving up a spot from the 23rd to the 22nd largest private passenger auto insurer.

In 2014, the Berkshire Hathaway Group’s GEICO, overtook Allstate as the second-largest private passenger auto insurer in the U.S. and has not relinquished the spot since. While State Farm continues to rank as the largest private passenger auto insurer, it’s market share decreased this year from a 17.05% share in 2018 to 16.14% in 2019.


The Top 25 Private Passenger Auto Insurers

RANKCOMPANY NAMEDIRECT PREMIUMS WRITTENDIRECT PREMIUMS EARNEDMARKET SHARE %
1.State Farm Group 40,878,781,217 40,993,444,273 16.14
Top Insurer in the US Insurance News Massachusetts and US Market Share2.Berkshire Hathaway Group 34,892,003,836 34,479,179,112 13.78
Insurance News Massachusetts and US Market Share3.Progressive Group 31,025,771,905 30,131,624,601 12.25
Insurance News Massachusetts and US Market Share4.Allstate Ins. Group 23,626,742,688 23,433,615,275 9.33
Top Insurer in the US Insurance News Massachusetts and US Market Share5.USAA 15,231,169,153 15,049,871,175 6.01
Top Insurer in the US Insurance News Massachusetts and US Market Share6.Liberty Mutual Group 11,701,810,697 11,678,047,959 4.62
Insurance News Massachusetts and US Market Share7.Farmers Ins. Group 10,533,343,298 10,543,627,288 4.16
Agency Checklists MA Insurance News Mass Insurance News8.Nationwide Corp. Group 6,245,587,637 6,332,699,090 2.47
Insurance News Massachusetts and US Market Share9.American Family Ins. Group 5,776,711,158 5,778,885,966 2.28
Insurance News Massachusetts and US Market Share10.Travelers Group 4,903,032,869 4,786,085,381 1.94
Insurance News Massachusetts and US Market Share11.Auto Club Enterprises Ins. Group 3,621,177,764 3,531,431,558 1.43
Insurance News Massachusetts and US Market Share12.Erie Ins. Group 3,384,277,962 3,305,430,869 1.34
Top Insurer in the US Insurance News Massachusetts and US Market Share13.Kemper Corp. Group 3,379,883,007 3,262,130,212 1.33
Insurance News Massachusetts and US Market Share14.Auto-Owners Group 3,235,050,393 3,097,252,227 1.28
Insurance News Massachusetts and US Market Share15.National General Group 3,151,375,481 3,121,443,759 1.24
Insurance News Massachusetts and US Market Share16.CSAA Ins. Group 2,991,258,464 2,983,520,602 1.18
Top Insurer in the US Insurance News Massachusetts and US Market Share17.Mercury General Group 2,790,375,526 2,728,557,648 1.10
Agency Checklists MA Insurance News Mass Insurance News MetLife Who are the largest insurance companies in Massachusetts Mass insurance companies18.Metropolitan Group 2,467,219,347 2,455,307,535 0.97
Auto Club Group of MI Top 25 Private Passenger Auto Insurers in US 202019.Automobile Club MI Group 2,048,048,895 2,039,993,657 0.81
Agency Checklists MA Insurance News Mass Insurance News The Hartford Hartford Insurance News20.Hartford Fire & Casualty Group 2,028,296,977 2,068,827,351 0.80
Agency Checklists MA Insurance News Mass Insurance News MAPFRE Commerce Who is the largest insurer in Massachusetts21.MAPFRE Ins. Group 1,465,187,448 1,521,926,813 0.58
The top 25 Private Passenger Auto Insurers in the US 202022.The Hanover Ins. Group 1,277,113,995 1,235,842,597 0.50
Insurance News Massachusetts and US Market Share23.Amica Mutual Group 1,255,492,562 1 1,385,434,309
0.50
Insurance News Massachusetts and US Market Share24.Country Ins. & Fin. Service Group 1,213,236,086 1,198,642,681 0.48
Top Insurers in the United States25.Sentry Ins. Group 1,119,009,715 1,103,072,100 0.44
INDUSTRY TOTAL $253,238,614,669 $251,011,648,078 100%

Links to our other NAIC 2020 Market Share Reports:

  • NAIC 2020 Market Share Report: The Top 25 Insurers in the United States – All Lines
  • NAIC 2020 Market Share Report: The Top 25 Homeowners Multi-Peril Insurers
  • NAIC 2020 Market Share Report: The Top 25 Workers’ Compensation Insurers
  • NAIC 2020 Market Share Report: The Top 25 Commercial Auto Insurers
  • NAIC 2020 Market Share Report: The Top 25 Other Liability Insurers

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Filed Under: NAIC Market Share Reports | 2020 Tagged With: Agency Checklists, Agency Checklists' Market Share Reports, insurance in Massachusetts, massachusetts insurance news, New England insurance companies, Top auto insurers in us, Who are the best insurance companies in Massachusetts?, Who are the largest insurance companies in Massachusetts, Who are the largest insurers in the US?

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