Final Look 2022: The Massachusetts Commercial Auto Insurance Marketplace

For the last bi-monthly update on the current state of the Commercial Auto Insurance marketplace in Massachusetts, Agency Checklists is taking a look at state of the marketplace through September 2022. 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 in order for our readers to get a better sense of the trends and movements happening within this line of insurance.

As always, all of the data presented here is provided courtesy of the Commonwealth Automobile Reinsurers. 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
COMMERCE	110,602,131	13.59%
SAFETY	101,724,991	12.50%
ARBELLA	88,814,460	10.92%
PROGRESSIVE	69,136,941	8.50%
TRAVELERS	60,594,993	7.45%
PLYMOUTH ROCK	39,906,890	4.91%
TOKIO MARINE & NACHIDO	32,117,535	3.95%
FIREMAN’S	29,169,378	3.59%
LIBERTY MUTUAL IN	26,913,895	3.31%
HANOVER	22,865,196	2.81%
ZURICH	21,734,757	2.67%
SELECTIVE INSURANCE	19,431,951	2.39%
UTICA	15,777,124	1.94%
OLD REPUBLIC	14,019,149	1.72%
TWIN CITY FIRE INS	12,334,474	1.52%
GREAT AMERICAN	12,270,112	1.51%
NATIONAL GRANGE	11,441,095	1.41%
FEDERATED MUTUAL	8,501,547	1.04%
FEDERAL	8,217,640	1.01%
GREEN MOUNTAIN	8,142,454	1.00%
EMPLOYERS MUTUAL	7,902,759	0.97%
AMERICAN CASUALTY	7,624,865	0.94%
NEW HAMPSHIRE	6,952,646	0.85%
FARM FAMLY	6,759,897	0.83%
N&D MUTUAL	6,475,112	0.80%
CENTRAL MUTUAL INS	6,247,241	0.77%
BANKERS	4,842,761	0.60%
US FIRE	4,615,150	0.57%
MIDDLESEX INS CO	4,205,163	0.52%
MERCH MUTUAL	4,062,383	0.50%
CINCINNATI	3,877,440	0.48%
IMPERIUM	3,207,049	0.39%
ARCH	3,146,309	0.39%
QUINCY MUTUAL	2,903,302	0.36%
HARLEYSVILLE INS	2,744,008	0.34%
NEW YORK AND GENERAL INS	2,313,018	0.28%
PENN LUMBERMENS	2,237,825	0.28%
PREFERRED MUTUAL	1,963,155	0.24%
MOTORISTS	1,750,934	0.22%
LANCER INSURANCE CO.	1,552,916	0.19%
STARR INDEMNITY	1,508,188	0.19%
STATE AUTO	1,431,018	0.18%
EVEREST NATIONAL	1,349,736	0.17%
ATLANTIC SPECIALTY	1,123,690	0.14%
ALLSTATE	921,282	0.11%
SECURITY NATIONAL	852,313	0.10%
CHURCH MUTUAL	764,542	0.09%
PENN MNFCT ASSC INS	726,393	0.09%
ARGONAUT	642,863	0.08%
SOMPO AMERICA	561,852	0.07%
BERKSHIRE HATHAWAY	549,610	0.07%
PRIME PROPERTY & CASUALTY	533,256	0.07%
PROTECTIVE	492,270	0.06%
GEICO	433,623	0.05%
GREENWICH	373,539	0.05%
AXIS REINSURANCE	311,038	0.04%
QBE	286,143	0.04%
ALLIED WORLD SPECIALTY	266,102	0.03%
MITSUI SUMITOMO	245,016	0.03%
AMERICAN AUTOMOBILE	243,229	0.03%
RLI	180,819	0.02%
STARSTONE NATIONAL	159,288	0.02%
AMICA MUTUAL	153,078	0.02%
FALLS LAKE	105,435	0.01%
STATE FARM	60,979	0.01%
GUIDEONE MUTUAL	50,503	0.01%
MARKEL AMERICAN	41,847	0.01%
CUMIS	38,635	0.00%
T.H.E. INS CO	31,776	0.00%
HDI GLOBAL	26,383	0.00%
AMERICAN HALLMARK	17,742	0.00%
COREPOINTE INS CO	5,850	0.00%
AMERICAN BANKERS INS CO	4,684	0.00%
AMERICAN ALTERNATIVE	848	0.00%
AMERICAN FAMILY	762	0.00%
TOTAL	813,594,978	100.00%

A Retrospective on the Top 10 Commercial Auto Insurers Over the Past 10 Years

September 2022

September 2017

September 2012

September 2022/September 2017 Comparison

Use the arrows to slide over each graph to view each graph individually or for further comparison.

September 2022/September 2012 Comparison

Use the arrows to slide over each graph to view each graph individually or for further 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: