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You are here: Home / Latest News / 1st Look 2022: The Commercial Auto Insurance Marketplace in Massachusetts

1st Look 2022: The Commercial Auto Insurance Marketplace in Massachusetts

February 14, 2022 by AC Editor


The following is Agency Checklists’ first bi-monthly update of the year, presenting data 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 November 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.

Turning to the most active commercial auto insurers in the state, seven of the top 10 commercial auto carriers operating in the Commonwealth continue to be headquartered in Massachusetts. The following is the complete list of Commercial Auto insurers with a major market share in Massachusetts through November 2021.

Highlights from this latest report are as follows:

  • The top three commercial insurers have a 37.27% share of the marketplace, however, each of the three have a bit smaller market share percentage this year as opposed to this time last year.
  • For example, number one commercial auto insurer MAPFRE/Commerce has a 14.70% market share this year versus 15.28% as of November 2020; while number two Safety Insurance has a 12.02% market share versus 12.80% at this time last year, and Arbella has a 10.55% share versus 10.88% last November.
  • Progressive, on the other hand, has moved up a spot from September to November and now occupies the fourth spot with a 7.61% market share. It also has improved its market share from the same time last year where it had a 5.91% market share.
  • As for the top ten commercial auto insurers, the have a combined 72.13% market share.

The following is the most current list of insurers ranked by premiums and market share:

INSURERPREMIUMSMARKET SHARE
1. COMMERCE138,458,08714.70%
2. SAFETY113,207,23012.02%
3. ARBELLA99,418,54110.55%
4. PROGRESSIVE71,663,1957.61%
5. TRAVELERS71,663,1957.60%
6. PLYMOUTH ROCK52,990,4615.62%
7. TOKIO MARINE & NACHIDO35,497,3513.77%
8. FIREMAN’S34,371,1273.65%
9. LIBERTY MUTUAL INS32,737,3553.47%
10. HANOVER29,563,3433.14%
11. ZURICH26,291,7862.79%
12. SELECTIVE INSURANCE22,464,8222.38%
13. UTICA17,333,0371.84%
14. NATIONAL GRANGE13,997,1461.49%
15. TWIN CITY FIRE INS13,106,3291.39%
16. GREAT AMERICAN12,996,9091.38%
17. OLD REPUBLIC11,635,8151.24%
18. FEDERATED MUTUAL9,318,1880.99%
19. FEDERAL9,081,6690.96%
20. EMPLOYERS MUTUAL8,933,3540.95%
21. GREEN MOUNTAIN8,591,5030.91%
22. AMERICAN CASUALTY8,543,9100.91%
23. FARM FAMILY7,839,3220.83%
24. ARGONAUT INSURANCE COMPANY7,672,3200.81%
25. N&D MUTUAL7,544,8980.80%
26. NEW HAMPSHIRE7,494,0830.80%
27. US FIRE6,928,2910.74%
28. BANKERS5,935,6290.63%
29. CENTRAL MUTUAL INS5,466,3110.58%
30. MERCH MUTUAL4,580,1660.49%
31. MIDDLESEX INS CO4,255,6690.45%
32. QUINCY MUTUAL3,945,0470.42%
33. HARLEYSVILLE INS3,606,7070.38%
34. ARCH3,456,6280.37%
35. STAR INDEMNITY3,121,1870.33%
36. GEICO2,744,8460.29%
37. NEW YORK AND GENERAL INS2,502,0850.27%
38. MOTORISTS2,320,0200.25%
39. PREFERRED MUTUAL2,188,9080.23%
40. CINCINNATI2,090,6570.22%
41. STATE AUTO2,057,5970.22%
42. ALLSTATE1,299,5290.14%
43. ATLANTIC SPECIALTY1,255,3200.13%
44. IMPERIUM1,218,2910.13%
45. LANCER INSURANCE CO.1,118,6830.12%
46. EVEREST NATIONAL1,051,2420.11%
47. PENN MNFCT ASSC INS993,6490.11%
48. GREENWICH880,0140.09%
49. CHURCH MUTUAL669,3320.07%
50. SOMPO AMERICA648,8270.07%
51. AMERICAN AUTOMOBILE626,4740.07%
52. SECURITY NATIONAL611,4730.06%
53. PENN LUMBERMENS567,2250.06%
54. PRIME PROPERTY492,8880.05%
55. PROTECTIVE424,5290.05%
56. ALLIED WORLD SPECIALTY421,5730.04%
57. QBE371,4850.04%
58. BERKSHIRE HATHAWAY367,6560.04%
59. AXIS REINSURANCE287,5860.03%
60. MITSUI SUMITOMO257,8860.03%
61. RLI219,4720.02%
62. AMICA MUTUAL212,6010.02%
63. STARSTONE NATIONAL174,6520.02%
64. HARCO NATIONAL77,3950.01%
65. AMERICAN ALTERNATIVE74,3350.01%
66. STATE FARM70,1490.01%
67. GUIDEONE52,9910.01%
68. MARKEL48,5980.01%
69. CUMIS44,0990.00%
70. HDI GLOBAL26,3830.00%
71. T.H.E. INS CO15,9980.00%
72. AMERICAN HALLMARK1,9890.00%
73. AMERICAN FAMILY4160.00%
942,100,140100.00%

Historical shifts & trends in the Commercial Auto Insurance Marketplace

In order to give some perspective on the shifts in the Marketplace, the three graphs below present the Top Ten Commercial Auto insurers for the month of November 2021, followed by comparisons of past top ten data from five years earlier in November 2016, and then finally from a decade ago in November 2011.

November 2021


November 2016

Novembe 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:

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
  • 4th Look 2021: The Commercial Auto Insurance Marketplace in Massachusetts
  • 5th Look 2021: The Commercial Auto Insurance Marketplace in Massachusetts

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

  • 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

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

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