• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Contact Us

Agency Checklists

Massachusetts Insurance News & Job Opportunities

You are here: Home / Latest News / 2nd Look 2023: The MA Commercial Auto Insurance Marketplace

2nd Look 2023: The MA Commercial Auto Insurance Marketplace

May 2, 2023 by AC Editor


Agency Checklists’ first update of the year, with respect to the current state of the Commercial Auto Insurance marketplace in Massachusetts, reviews the data for this line of insurance as of February 2023, the latest date for which complete data is currently available.

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.

So, without further ado, a look at a couple of data points from this bi-monthly update:

  • Commerce and Safety continue to claim over a quarter of the Commercial Auto insurance marketplace in Massachusetts with a combined market share of just over 30%.
  • As of February 2023, Tokio Marine is now listed as a top five commercial auto insurers in Massachusetts with a 5.18% market share, surpassing both Progressive and Plymouth Rock.

The Commercial Auto Marketplace in Massachusetts

Exposures & Market Share as of February 2023

COMPANYPREMIUMSMARKET SHARE
COMMERCE29,999,31516.98%
SAFETY24,778,93214.03%
ARBELLA21,516,67012.18%
TRAVELERS15,257,1528.64%
TOKIO MARINE & NACHIDO9,155,3285.18%
PROGRESSIVE8,985,4015.09%
PLYMOUTH ROCK7,654,5764.33%
FIREMAN’S7,246,3844.10%
HANOVER5,237,9742.97%
SELECTIVE INSURANCE4,811,0802.72%
ZURICH4,642,6912.63%
TWIN CITY FIRE INS4,080,1202.31%
LIBERTY MUTUAL INS3,322,9201.88%
UTICA2,673,6901.51%
AMERICAN CASUALTY2,596,5061.47%
NATIONAL GRANGE2,386,1141.35%
EMPLOYERS MUTUAL2,127,6861.20%
FEDERATED MUTUAL2,020,9171.14%
FARM FAMILY1,982,0151.12%
GREEN MOUNTAIN1,910,5531.08%
FEDERAL1,789,3441.01%
N&D MUTUAL1,770,3061.00%
CENTRAL MUTUAL INS1,295,3300.73%
NEW HAMPSHIRE1,266,4950.72%
BANKERS1,090,9340.62%
MERCH MUTUAL1,037,9050.59%
US FIRE772,1250.44%
MIDDLESEX INS CO689,2180.39%
GREAT AMERICAN493,3700.28%
QUINCY MUTUAL484,1860.27%
MOTORISTS482,4410.27%
HARLEYSVILLE INS425,7730.24%
PREFERRED MUTUAL400,1180.23%
OLD REPUBLIC348,9230.20%
PENN MNFCT ASSC INS279,3860.16%
ATLANTIC SPECIALTY257,3130.15%
GEICO220,7170.12%
LANCER INSURANCE CO.218,7600.12%
NEW YORK AND GENERAL INS201,4580.11%
STATE AUTO197,7960.11%
ALLSTATE150,3000.09%
PENN LUMBERMENS95,9760.05%
GREENWICH71,8820.04%
AMERICAN AUTOMOBILE48,3030.03%
BERKSHIRE HATHAWAY41,6760.02%
PROTECTIVE41,0750.02%
SECURITY NATIONAL31,6780.02%
AMICA MUTUAL29,5800.02%
STATE FARM4,3190.00%
QBE1,0880.00%
TOTAL176,623,799100.00%

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

The following are graphs depicting the state of the Commercial Auto Insurance Marketplace over the past 10 years. The first graph shows the top 10 Commercial Auto Insurers as of February 2023, followed by the top 10 insurers five years earlier in February 2018, and then the top 10 from a decade ago in February 2023. Below these three graphs, there is now an additional side-by-side comparisons (viewed by sliding the arrows over the graphs) which allows for further comparisons. 

February 2023

February 2018

February 2013

Side-by-Side Comparisons

February 2023/February 2018 Comparison

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

February 2023/February 2013 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:

2023 Market Share Reports

  • 1st Look 2023: The MA Commercial Auto Insurance Marketplace

2022 Market Share Reports

  • 1st Look 2022: The Commercial Auto Insurance Marketplace In Massachusetts
  • 2nd Look 2022: The Commercial Auto Insurance Marketplace In Massachusetts
  • 3rd Look 2022: The Commercial Auto Insurance Marketplace In Massachusetts
  • 4th Look 2022: The Massachusetts Commercial Auto Insurance Marketplace
  • 5th Look 2022: The Massachusetts Commercial Auto Insurance Marketplace
  • Final Look 2022: The Massachusetts Commercial Auto Insurance Marketplace

Primary Sidebar

New Episode

MA Insurance Lawyers

SPONSORED

Career News

Davis & Towle Insurance Group Announces Christopher Nicolopoulos to be CEO: Other Leadership Changes

AAU Announces Hire of Roderiques in Boston, MA

AAU Announces Hire of Roderiques in Boston, MA

MIB Elects New Chair, Vice Chair, and Directors to its Board

Plymouth Rock Home Assurance Corporation Names Colleen Finn as Chief Marketing Officer 

Plymouth Rock Home Assurance Corporation Names Colleen Finn as Chief Marketing Officer 

View More Career News

In Memoriam

In Memoriam: Cheryl Ann (Rounsevell) Kuechler, 1945-2025

In Memoriam: Howard Shea, 1937-2025

In Memoriam: Rita Julia Messier, 1936-2025

In Memoriam: Rita Julia Messier, 1936-2025

Company News

RMV, AAA Northeast Promote Safe Driving for Teens Ahead of Summer

Arbella Insurance Foundation Launches Annual “Let’s Drive Out Hunger” Program to Raise Funds for Hunger Relief Programs Across New England

Arbella Insurance Foundation Launches Annual “Let’s Drive Out Hunger” Program to Raise Funds for Hunger Relief Programs Across New England

Progressive Drives Small Business Forward with $1 Million in Commercial Vehicle Grants

Agency Checklists, MA Insurance News, Mass. Insurance News, MA Life Insurance Companies, Boston Mutual

Boston Mutual Life Insurance Company’s Making An Impact Program Celebrates Seven Years of Giving Back

Footer

Agency Checklists

Contact us

We offer a variety of ways to get help promote your company or product.

Announcements
Email Sponsorships
Partnerships
Custom Collaborations

*Affiliate Disclosure

Please note that any of Agency Checklists’ articles might contain one or more affiliate links. This means that any subsequent purchase resulting from these links may result in a commission for us, but at no additional cost to you. For example, as an Amazon Associate, Agency Checklists earns a commission from all qualifying purchases. By working with affiliates we can continue to keep Agency Checklists subscription free. Thank you for your support.

Explore Our Archives

Copyright © 2025 · Agency Checklists · All rights reserved.

 

Loading Comments...