Latest Data as of April 2023
A snapshot of the marketplace as of April 2023
Agency Checklists third update of the year focuses on the current state of the of the Private Passenger Automobile Insurance marketplace as of April 2023, that last date for which complete data is available.
As always, many thanks to the Commonwealth Automobile Reinsurers which acts as the statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts and provides Agency Checklists with all the data presented here.
So, without further ado, a look at the latest data points:
The Private Passenger Auto Insurance Marketplace
Exposures & Market Share as of April 2023
| Company | April 2023 Exposures | April 2023 Market Share |
|---|---|---|
| 1. COMMERCE | 336,834 | 20.05% |
| 2. GEICO | 268,867 | 16.00% |
| 3. SAFETY | 142,385 | 8.47% |
| 4. ARBELLA | 125,242 | 7.45% |
| 5. LIBERTY MUTUAL | 121,166 | 7.21% |
| 6. PROGRESSIVE | 118,652 | 7.06% |
| 7. PLYMOUTH ROCK | 118,422 | 7.05% |
| 8. STANDARD FIRE | 77,721 | 4.63% |
| 9. U S A A | 56,895 | 3.39% |
| 10. AMICA MUTUAL | 44,174 | 2.63% |
| 11. METROPOLITAN | 43,935 | 2.61% |
| 12. HANOVER | 43,604 | 2.59% |
| 13. ALLSTATE | 33,522 | 1.99% |
| 14. QUINCY MUTUAL | 30,331 | 1.81% |
| 15. AMERICAN FAMILY | 25,086 | 1.49% |
| 16. NORFOLK AND DEDHAM MUTUAL | 24,877 | 1.48% |
| 17. VERMONT MUTUAL | 18,121 | 1.08% |
| 18. PREFERRED MUTUAL | 6,907 | 0.41% |
| 19. STATE FARM | 6,365 | 0.38% |
| 20. FOREMOST | 5,927 | 0.35% |
| 21. GREEN MOUNTAIN | 5,882 | 0.35% |
| 22. PURE | 4,849 | 0.29% |
| 23. BANKERS STANDARD | 3,973 | 0.24% |
| 24. TRUMBULL | 3,841 | 0.23% |
| 25. ELECTRIC | 3,520 | 0.21% |
| 26. FARM FAMILY | 2,963 | 0.18% |
| 27. CINCINNATI | 2,513 | 0.15% |
| 28. MARKEL AMERICAN | 1,456 | 0.09% |
| 29. AMERICAN INTERNATIONAL | 703 | 0.04% |
| 30. HARLEYSVILLE WORCESTER | 461 | 0.03% |
| 31. MIDDLESEX | 461 | 0.03% |
| 32. TOKIO | 404 | 0.02% |
| 33. FIREMEN’S INS CO | 290 | 0.02% |
| 1,680,388 | 100.00% |
Agency Checklists’ Proprietary Retrospective of the PPA Marketplace
The following side-by-side comparisons allow our readers to review the state of the Private Passenger Auto Insurance Marketplace from various aspects over the past 10 years.
The first four side-by-side comparisons shows the April 2023 marketplace versus the same marketplace in April 2022, April 2021, April 2020, and April 2019. Following these graphs, are two additional comparisons between the top 10 insurers in April 2023 versus the top 10 insurers five years earlier in 2018, and then again from a decade ago in 2013.
Year-Over-Year Comparisons
Use the arrows to slide over each graph to view them individually or for further comparison.
April 2023 v. April 2022
April 2023 v. April 2021
April 2023 v. April 2020
April 2023 v. April 2019
April 2023 v. April 2018
The Private Passenger Market Share 5 Years Ago
Use the arrows to slide over each graph to view each graph individually or for further comparison.
April 2023 v. April 2018
The Private Passenger Market Share 10 Years Ago
Use the arrows to slide over each graph to view each graph individually or for further comparison.
April 2023 v. April 2013
How to view all of the 2022 updates on the Private Passenger Auto Insurance Marketplace in Massachusetts
2023
- 1st Look 2023: Market Share Update of the MA Private Passenger Auto Insurance Marketplace
- 2nd Look 2023: Market Share Update of the MA Private Passenger Auto Insurance Marketplace
2022
- 1st Look 2022: The Massachusetts Private Passenger Auto Insurance Marketplace
- 2nd Look 2022: The Massachusetts Private Passenger Auto Insurance Marketplace
- 3rd Look 2022: The Massachusetts Private Passenger Auto Insurance Marketplace
- 4th Look 2022: The Massachusetts Private Passenger Auto Insurance Marketplace
- 5th Look 2022 – The Massachusetts Private Passenger Auto Insurance Marketplace
- Final Look 2022: The Massachusetts Private Passenger Auto Insurance Marketplace
