6th Look 2021: The MA Commercial Auto Insurance Marketplace

Commauto-6th-Look-2021 | Agency Checklists

Our sixth update of the year features the latest CAR data as of September 2021

The following is Agency Checklists’ sixth 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 September 2021. For those unfamiliar with the Commonwealth Automobile Reinsurer, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.

The Current 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 continued to be headquartered in Massachusetts. The following is the complete list of Commercial Auto insurers through September 2021.

INSURER	PREMIUMS	MARKET SHARE
1. COMMERCE	112,326,354	14.56%
2. SAFETY	93,608,825	12.14%
3. ARBELLA	85,387,688	11.07%
4. TRAVELERS	59,599,307	7.73%
5. PROGRESSIVE	55,920,348	7.25%
6. PLYMOUTH ROCK	41,445,360	5.37%
7. TOKIO MARINE & NACHIDO	31,237,575	4.05%
8. FIREMAN’S	27,702,132	3.59%
9. LIBERTY MUTUAL INS	26,160,502	3.39%
10. HANOVER	24,221,164	3.14%
11. ZURICH	21,010,348	2.72%
12. SELECTIVE INSURANCE	17,817,675	2.31%
13. UTICA	14,133,940	1.83%
14. GREAT AMERICAN	12,265,934	1.59%
15. OLD REPUBLIC	11,607,449	1.50%
16. NATIONAL GRANGE	11,584,264	1.50%
17. TWIN CITY FIRE INS	10,766,402	1.40%
18. ARGONAUT INSURANCE COMPANY	7,447,605	0.97%
19. EMPLOYERS MUTUAL	7,354,043	0.95%
20. FEDERATED MUTUAL	7,323,895	0.95%
21. AMERICAN CASUALTY	7,278,480	0.95%
22. GREEN MOUNTAIN	6,977,823	0.90%
23. FARM FAMILY	6,673,946	0.87%
24. NEW HAMPSHIRE	6,352,548	0.82%
25. N&D MUTUAL	6,221,805	0.81%
26. US FIRE	5,535,343	0.72%
27. CENTRAL MUTUAL INS	4,556,167	0.59%
28. BANKERS	4,547,388	0.59%
29. MERCH MUTUAL	3,855,039	0.50%
30. MIDDLESEX INS CO	3,678,938	0.48%
31. ARCH	3,456,628	0.45%
32. QUINCY MUTUAL	3,321,200	0.43%
33. STAR INDEMNITY	3,121,187	0.40%
34. HARLEYSVILLE INS	2,727,267	0.35%
35. GEICO	2,294,666	0.30%
36. NEW YORK AND GENERAL INS	2,272,048	0.29%
37. CINCINNATI	2,090,657	0.27%
38. MOTORISTS	2,090,657	0.26%
39. PREFERRED MUTUAL	1,812,581	0.24%
40. STATE AUTO	1,649,941	0.21%
41. ATLANTIC SPECIALTY	1,134,215	0.15%
42. EVEREST NATIONAL	1,051,242	0.14%
43. LANCER INSURANCE CO.	1,006,109	0.13%
44. PENN MNFCT ASSC INS	840,557	0.11%
45. ALLSTATE	832,294	0.11%
46. CHURCH MUTUAL	669,332	0.09%
47. SOMPO AMERICA	648,827	0.08%
48. SECURITY NATIONAL	611,473	0.08%
49. AMERICAN AUTOMOBILE	566,134	0.07%
50. PRIME PROPERTY	492,888	0.06%
51. ALLIED WORLD SPECIALTY	421,573	0.05%
52. IMPERIUM	419,965	0.05%
53. PENN LUMBERMENS	395,944	0.05%
54. BERKSHIRE HATHAWAY	360,629	0.05%
55. QBE	316,830	0.04%
56. GREENWICH	314,089	0.04%
57. PROTECTIVE	296,217	0.04%
58. AXIS REINSURANCE	287,586	0.04%
59. MITSUI SUMITOMO	257,886	0.03%
60. RLI	219,472	0.03%
61. AMICA MUTUAL	178,394	0.02%
62. STARSTONE NATIONAL	174,652	0.02%
63. HARCO NATIONAL	77,395	0.01%
64. AMERICAN ALTERNATIVE	74,335	0.01%
65. STATE FARM	60,622	0.01%
66. GUIDEONE	52,991	0.01%
67. MARKEL	48,598	0.01%
68. CUMIS	44,099	0.01%
69. FEDERAL	42,089	0.01%
70. HDI GLOBAL	26,383	0.00%
71. T.H.E. INS CO	15,998	0.00%
72. AMERICAN HALLMARK	1,989	0.00%
73. AMERICAN FAMILY	416	0.00%
Totals	771,289,527	100.00%

Historical 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 September 2021, followed by the same graph from five years earlier in September 2016, and then finally from a decade ago in September 2011.

September 2021

September 2016

September 2011

Past Market Share Reports

For those interested in reviewing all of our bi-monthly updates throughout 2020 and 2021, in order to get a sense of how the Commercial Auto Insurance marketplace continues to evolve, please find links to Agency Checklists’ previous updates below: