• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Contact Us
  • Sponsor An Email
  • Post A Job
  • Merger & Acquisition Services

Agency Checklists

Massachusetts Insurance News & Job Opportunities

You are here: Home / Latest News / 5th Look 2021: The MA Commercial Auto Insurance Marketplace

5th Look 2021: The MA Commercial Auto Insurance Marketplace

October 18, 2021 by AC Editor

Our fifth update of the year features the latest CAR data as of July 2021

The following is Agency Checklists’ fifth bi-monthly update on the current state of the Commercial Auto Insurance marketplace. 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.

All of the data presented here is provided courtesy of the Commonwealth Automobile Reinsurers and represents the state of the market through July 2021. For those unfamiliar with the Commonwealth Automobile Reinsurer, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.


An overview of the U.S. commercial auto insurance marketplace as a whole

Per the latest data from The National Association of Insurance Commissioners and outlined in our 2021 report, the Commercial Auto Insurance marketplace is the seventh-largest line of insurance in the U.S. As of March 2021, the Direct Written Premium for the top 25 commercial auto insurers in the U.S. was approximately $45,788,021,304.

Of this group of the nation’s largest commercial auto insurers, Liberty Mutual was the only company based in Massachusetts who made the list. The Boston-based insurer is the fourth-largest writer by market share. In 2020, it reported $1,689,377,411 in Direct Premiums Written and $1,762,177,865 in Direct Premiums Earned nationwide, representing a 3.69% share of the enitre U.S. Commercial Auto insurance marketplace.


An overview of the Commercial Auto insurance marketplace

According to the latest data on the Commercial Auto Insurance marketplace in the Commonwealth, there are currently 193 companies that are licensed to write commercial auto insurance here.

Seven of the top 10 commercial auto carriers operating in the Commonwealth are headquartered in Massachusetts. The following is the complete list of Commercial Auto insurers through July 2021. Of note, Arbella is now the second largest commercial auto writer after MAPFRE/Commerce.

InsurerPremiumsMarket Share
1. COMMERCE90,115,92315.51%
2. ARBELLA67,872,52411.68%
3. SAFETY53,831,5499.26%
4. TRAVELERS49,578,2578.53%
5. PROGRESSIVE43,967,0377.57%
6. PLYMOUTH ROCK33,831,6555.82%
7. TOKIO MARINE & NACHIDO26,098,0404.49%
8. FIREMAN’S23,787,3374.09%
9. LIBERTY MUTUAL INS19,826,9723.41%
10. HANOVER18,332,9233.15%
11. ZURICH16,791,3302.89%
12. SELECTIVE INSURANCE14,417,5042.48%
13. UTICA10,051,6211.73%
14. NATIONAL GRANGE9,277,8731.60%
15. TWIN CITY FIRE INS8,762,6351.51%
16. GREAT AMERICAN6,796,4101.17%
17. AMERICAN CASUALTY5,949,4211.02%
18. EMPLOYERS MUTUAL5,752,5710.99%
19. FEDERATED MUTUAL5,649,4530.97%
20. GREEN MOUNTAIN5,443,8840.94%
21. FARM FAMILY5,347,4890.92%
22. NEW HAMPSHIRE5,211,8280.90%
23. N&D MUTUAL4,890,3310.84%
24. US FIRE4,819,5610.83%
25. OLD REPUBLIC4,450,3070.77%
26. BANKERS4,164,3130.72%
27. CENTRAL MUTUAL INS3,635,1620.63%
28. MERCH MUTUAL3,030,1390.52%
29. QUINCY MUTUAL2,780,9900.48%
30. MIDDLESEX INS CO2,754,0720.47%
31. STAR INDEMNITY 2,737,1730.47%
32. ARCH2,361,0460.41%
33. HARLEYSVILLE INS2,152,3960.37%
34. GEICO1,706,0630.29%
35. CINCINNATI1,551,7100.27%
36. MOTORISTS1,482,2820.26%
37. NEW YORK AND GENERAL INS1,462,4600.25%
38. PREFERRED MUTUAL1,423,6540.24%
39. STATE AUTO1,290,8360.22%
40. ATLANTIC SPECIALTY1,001,0470.17%
41. PENN MNFCT ASSC INS910,1250.16%
42. LANCER INSURANCE CO.694,0870.12%
43. EVEREST NATIONAL541,0700.09%
44. SOMPO AMERICA466,4510.08%
45. STARSTONE NATIONAL463,5670.08%
46. AMERICAN AUTOMOBILE456,5460.08%
47. BERKSHIRE HATHAWAY337,4350.06%
48. SECURITY NATIONAL313,9630.05%
49. CHURCH MUTUAL306,2820.05%
50. QBE280,2360.05%
51. ALLIED WORLD SPECIALTY236,9810.04%
52. MITSUI SUMITOMO236,0190.04%
53. PENN LUMBERMENS204,8010.04%
54. AXIS REINSURANCE204,6800.04%
55. GREENWICH202,8310.03%
56. PROTECTIVE176,2230.03%
57. RLI149,0360.03%
58. AMICA MUTUAL139,2740.02%
59. ARGONAUT INSURANCE COMPANY92,4790.02%
60. IMPERIUM79,7640.01%
61. HARCO NATIONAL76,7710.01%
62. AMERICAN ALTERNATIVE57,8430.01%
63. STATE FARM50,2000.01%
64. GUIDEONE36,3550.01%
65. CUMIS29,3100.01%
66. T.H.E. INS CO12,6370.00%
67. MARKEL7,1920.00%
68. AMERICAN HALLMARK1,9890.00%
69. HDI GLOBAL3750.00%
TOTALS581,152,300100.00%

Shifts & trends in the Commercial Auto Insurance Marketplace

The following three graphs show the evolution of this marketplace over the past decade.

The goal is to present a side-by-side comparison on how this Marketplace has shifted during this highlighted period.

In order to give some perspective on the shifts in the Marketplace, the three graphs depict the Top Ten Commercial Auto insurers for the month of July 2021, followed by the same graph from five years earlier in July 2016, and then finally from a decade ago in July 2011.

July 2021


July 2016


July 2011

2021 Market Share CAR Commercial Auto Reports

  • 1st Look 2021: The Commercial Auto Insurance Marketplace in Massachusetts
  • 2nd Look 2021: The Commercial Auto Insurance Marketplace In Massachusetts
  • 3rd Look 2021: The Commercial Auto Insurance Marketplace in Massachusetts

Compare all of our 2020 CAR Commercial Auto Market Share Update Reports

For those interested in reviewing all of our bi-monthly updates throughout 2020 to get a sense of how the Commercial Auto Insurance marketplace has evolved over the past year, please find links to Agency Checklists’ five other updates below:

  • 1st Look 2020: The Commercial Auto Insurance Marketplace In Massachusetts
  • 2nd Look 2020: The Commercial Auto Insurance Marketplace In Massachusetts
  • 3rd Look 2020: The Commercial Auto Insurance Marketplace In Massachusetts
  • 4th Look 2020: The Commercial Auto Insurance Marketplace In Massachusetts
  • 5th Look 2020: The Commercial Auto Insurance Marketplace In Massachusetts
  • Last Look 2020: The Commercial Auto Insurance Market Share In Massachusetts
Print Friendly, PDF & Email

Filed Under: Latest News, Massachusetts Auto Insurance News | Commonwealth Automobile Reinsurers Tagged With: Agency Checklists, Commercial auto insurers Massachusetts, Mass. Insurance News, massachusetts insurance news, New England Insurance News

Primary Sidebar

Sponsored

Sponsored

MA Division of Insurance Announcements

Latest Agency Sales

Salem Five Insurance Acquires Cavanaugh Insurance Agency

Insurance Agency Mergers & Acquisitions in Massachusetts | Q3-2022

More Agency Sales

Career News

Michael Percy Appointed To Concord Group Board of Directors

Michael Percy Appointed To Concord Group Board of Directors

Layoffs At Two Boston-Based Insurtechs

Layoffs At Two Boston-Based Insurtechs

Massachusetts insurance news, MA Insurance News, Mass. Commissioner of Insurance Gary Anderson, NAIC 2019 Appointments

NAIC Names Its 2023 Committee Leadership

View More Career News

In Memoriam

In Memoriam: Nancy L. Perocchi, 1937-2022

In Memoriam: Peter J. Nobile, Jr., 1931-2022

In Memoriam: Nancy Jane A. Vajcovec, 1947-2022 | Agency Checklists

In Memoriam: Nancy Jane A. Vajcovec, 1947-2022

CAR News

Outgoing Gov Baker Signs Catalytic Converter Bill on Way Out

Road Safety Analysts Put Mass. In “Danger” Zone

Final Look 2022: The Massachusetts Private Passenger Auto Insurance Marketplace

View More CAR News

Massachusetts Law Updates

Insured’s $2 Million Claim For Loss Prevention Costs Scuttled By The Supreme Judicial Court

A look at the Supreme Judicial Court of Massachusetts’ ruling on Ken’s Foods’ common law reimbursement claim.

An Insured’s Underpayment of Loss Lawsuit Over Brookline Building Backfires

The Appeals Court recently affirmed a decision in Anwar Faisal et al. v. United National Insurance Company that reminds one of the saying, “Be careful what you ask for. You may get it.” In this case, the insured sued to get more money on a property damage claim, asking the court to rule on his […]

Failed Foray Into Massachusetts Ends In A Lawsuit For New York Agency Over Its Producer’s Understanding of Salary v. Draw

A case in point about what can go wrong when an agency, its officers, and a producer being onboarded, come to loggerheads and litigation ensues.

Harvard College Sues Zurich to Overturn A Late Notice Denial of A $15 Million Policy Claim

Late Policy Notice to Zurich Leads To Harvard’s Loss of $15 Million in Coverage

Summary Judgement for Zurich effectively dismissed Harvard’s lawsuit by The Court.

More Mass. Law Updates

DOI News

Facts & Figures For New England Insurance Departments & Insurance Producers | 2023

Massachusetts Insurance Commissioner Honored for Exceptional Leadership

DOI: Insurance Companies Must Renew MA Appointments by October 14th

The 2022 Home Insurance Report Part III | Policy Numbers by Massachusetts County

View More DOI News

Insurance Fraud

Walmart Will Pay $500k For Its Failure To Follow Workers’ Comp. Prescription Pricing Procedures

Former Insurance Adjuster Indicted in Connection with Stealing Identities of Four Victims of Merrimack Valley Gas Explosions

Phony Pumpkin Assault Claim Gets 3 Years For Insurance Fraud

Edgartown Masonry Company Owner Indicted for Workers’ Compensation Fraud

More Insurance Fraud News

Footer

Agency Checklists

Contact us

14 Summer Street
Suite 102
Malden, MA 02148
617-598-3800

Advertise on Agency Checklists

We offer a variety of ways to get help promote your company or product.

Announcements
Email Sponsorships
Partnerships
Custom Collaborations

*Affiliate Disclosure

Please note that any of Agency Checklists’ articles might contain one or more affiliate links. This means that any subsequent purchase resulting from these links may result in a commission for us, but at no additional cost to you. For example, as an Amazon Associate, Agency Checklists earns a commission from all qualifying purchases. By working with affiliates we can continue to keep Agency Checklists subscription free. Thank you for your support.

SEARCH OUR SITE

Explore Our Archives

Copyright © 2023 · Agency Checklists · All rights reserved.

 

Loading Comments...