5th Look 2023: Update Of The MA Private Passenger Auto Insurance Marketplace

A look at the latest data as of September 2023

Published every other month, our regular CAR Update reviews the latest data on the current state of the of the Private Passenger Automobile Insurance marketplace. For this “fifth look” of the year, Agency Checklists is publishing the latest market share data as of September 2023, the latest 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:

Exposures & Market Share as of September 2023

COMPANY	EXPOSURES	MARKET SHARE
1. COMMERCE	758,477	20.14%
2. GEICO	582,568	15.47%
3. SAFETY	294,436	7.82%
4. ARBELLA	289,871	7.70%
5. PLYMOUTH ROCK	273,271	7.26%
6. PROGRESSIVE	266,205	7.07%
7. LIBERTY MUTUAL	248,777	6.61%
8. STANDARD FIRE	178,465	4.74%
9. U S A A	146,426	3.89%
10. AMICA MUTUAL	109,148	2.90%
11. HANOVER	104,360	2.77%
12. METROPOLITAN	97,395	2.59%
13. QUINCY MUTUAL	67,777	1.80%
14. ALLSTATE	67,001	1.78%
15. NORFOLK AND DEDHAM MUTUAL	61,843	1.64%
16. AMERICAN FAMILY	52,807	1.40%
17. VERMONT MUTUAL	43,681	1.16%
18. STATE FARM	17,624	0.47%
19. PREFERRED MUTUAL	15,493	0.41%
20. GREEN MOUNTAIN	14,950	0.40%
21. FOREMOST	13,336	0.35%
22. PURE	10,407	0.28%
23. BANKERS STANDARD	10,370	0.28%
24. TRUMBULL	9,023	0.24%
25. ELECTRIC	7,645	0.20%
26. CINCINNATI	7,269	0.19%
27. FARM FAMLY	6,826	0.18%
28. MARKEL AMERICAN	3,894	0.10%
29. AMERICAN INTERNATIONAL	1,773	0.05%
30. HARLEYSVILLE WORCESTER	1,225	0.03%
31. MIDDLESEX	1,174	0.03%
32. TOKIO	950	0.03%
33. FIREMEN’S INS CO	899	0.02%
34. AMERICAN FAMILY HOME	91	0.00%
35. AMERICAN BANKERS	9	0.00%
TOTAL	3,765,463	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 September 2023 marketplace versus the same marketplace in September 2022, September 2021, September 2020, and September 2019. Following these graphs, are two additional comparisons between the top 10 insurers in September 2023 versus the top 10 insurers five years earlier in 2018, and then again from a decade ago in 2013.