5th Look 2022: The Massachusetts Commercial Auto Insurance Marketplace

This is the fifth installment of Agency Checklists’ bi-monthly update on the current state of the Commercial Auto Insurance marketplace in Massachusetts. 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.

As always, all of the data presented here is provided courtesy of the Commonwealth Automobile Reinsurers and represents the state of the market through July 2022. For those unfamiliar with the Commonwealth Automobile Reinsurers, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.

The Commercial Auto Marketplace in Massachusetts as of July 2022

COMPANY	PREMIUMS	MARKET SHARE
1. COMMERCE	87,349,282	13.66%
2. SAFETY	78,551,471	12.28%
3. ARBELLA	70,423,822	11.01%
4. PROGRESSIVE	54,425,310	8.51%
5. TRAVELERS	50,539,821	7.90%
6. PLYMOUTH ROCK	33,363,821	5.22%
7. TOKIO MARINE & NACHIDO	27,493,803	4.30%
8. FIREMAN’S	24,101,423	3.77%
9. LIBERTY MUTUAL INS	20,289,050	3.17%
10. HANOVER	18,775,932	2.94%
11. ZURICH	17,096,886	2.67%
12. SELECTIVE INSURANCE	15,494,652	2.42%
13. UTICA	11,606,641	1.81%
14. TWIN CITY FIRE INS	9,649,134	1.51%
15. NATIONAL GRANGE	9,371,446	1.47%
16. OLD REPUBLIC	7,868,334	1.23%
17. FEDERAL	6,872,169	1.07%
18. GREAT AMERICAN	6,805,878	1.06%
19. EMPLOYERS MUTUAL	6,536,668	1.02%
20. GREEN MOUNTAIN	6,376,581	1.00%
21. FEDERATED MUTUAL	6,339,095	0.99%
22. AMERICAN CASUALTY	6,197,339	0.97%
23. NEW HAMPSHIRE	6,150,080	0.96%
24. FARM FAMLY	5,463,165	0.85%
25. N&D MUTUAL	5,041,545	0.79%
26. CENTRAL MUTUAL INS	4,943,492	0.77%
27. BANKERS	4,238,256	0.66%
28. US FIRE	3,787,772	0.59%
29. MERCH MUTUAL	3,205,808	0.50%
30. MIDDLESEX INS CO	3,171,930	0.50%
31. CINCINNATI	2,922,546	0.46%
32. QUINCY MUTUAL	2,416,972	0.38%
33. ARCH	2,269,896	0.35%
34. HARLEYSVILLE INS	2,137,473	0.33%
35. PREFERRED MUTUAL	1,513,169	0.24%
36. STARR INDEMNITY	1,508,188	0.24%
37. NEW YORK AND GENERAL INS	1,489,804	0.23%
38. IMPERIUM	1,456,969	0.23%
39. MOTORISTS	1,440,662	0.23%
40. STATE AUTO	1,191,255	0.19%
41. LANCER INSURANCE CO.	1,113,981	0.17%
42. ATLANTIC SPECIALTY	968,075	0.15%
43. EVEREST NATIONAL	818,577	0.13%
44. PENN MNFCT ASSC INS	696,165	0.11%
45. ALLSTATE	669,069	0.10%
46. ARGONAUT	587,856	0.09%
47. BERKSHIRE HATHAWAY	531,779	0.08%
48. SECURITY NATIONAL	517,010	0.08%
49. PENN LUMBERMENS	441,379	0.07%
50. GEICO	439,990	0.07%
51. SOMPO AMERICA	434,586	0.07%
52. CHURCH MUTUAL	368,689	0.06%
53. PROTECTIVE	320,874	0.05%
54. GREENWICH	277,513	0.04%
55. ALLIED WORLD SPECIALTY	266,102	0.04%
56. AMERICAN AUTOMOBILE	216,538	0.03%
57. AXIS REINSURANCE	211,556	0.03%
58. MITSUI SUMITOMO	207,494	0.03%
59. QBE	138,976	0.02%
60. RLI	119,553	0.02%
61. AMICA MUTUAL	116,873	0.02%
62. STATE FARM	43,943	0.01%
63. MARKEL AMERICAN	41,878	0.01%
64. GUIDEONE MUTUAL	34,507	0.01%
65. FALLS LAKE	32,806	0.01%
66. CUMIS	27,282	0.00%
67. STARSTONE NATIONAL	26,842	0.00%
68. HDI GLOBAL	26,383	0.00%
69. T.H.E. INS CO	23,314	0.00%
70. AMERICAN HALLMARK	8,477	0.00%
71. AMERICAN FAMILY	381	0.00%

Focus on the Top Ten Commercial Auto Insurers Over the Years

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 July 2022, followed by comparisons of past top ten data from five years earlier in July 2017, and then finally from a decade ago in July 2012.

July 2022/July 2017 Comparison

July 2022/July 2012 Comparison

Past Market Share Reports

For those interested in reviewing all of our bi-monthly updates throughout 2022 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: