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:
