3rd Look 2023: Market Share Update of the MA Private Passenger Marketplace

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.