Last Look 2023: Update on the MA Private Passenger Auto Insurance Marketplace

A look at the latest data as of November 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 our last look of the year, Agency Checklists is publishing the latest market share data as of November 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:

Exposure and Market Share as of November 2023

COMPANY	EXPOSURES	MARKET SHARE
1. COMMERCE	907,379	19.96%
2. GEICO	685,603	15.08%
3. SAFETY	394,394	8.67%
4. ARBELLA	345,227	7.59%
5. PLYMOUTH ROCK	326,968	7.19%
6. PROGRESSIVE	324,029	7.13%
7. LIBERTY MUTUAL	291,149	6.40%
8. STANDARD FIRE	215,959	4.75%
9. U S A A	175,523	3.86%
10. AMICA MUTUAL	131,820	2.90%
11. HANOVER	125,969	2.77%
12. METROPOLITAN	115,901	2.55%
13. ALLSTATE	88,970	1.96%
14. QUINCY MUTUAL	80,599	1.77%
15. NORFOLK AND DEDHAM MUTUAL	74,552	1.64%
16. AMERICAN FAMILY	60,675	1.33%
17. VERMONT MUTUAL	52,676	1.16%
18. STATE FARM	21,269	0.47%
19. PREFERRED MUTUAL	19,055	0.42%
20. GREEN MOUNTAIN	18,224	0.40%
21. FOREMOST	16,617	0.37%
22. BANKERS STANDARD	12,855	0.28%
23. PURE	11,994	0.26%
24. TRUMBULL	11,082	0.24%
25. CINCINNATI	9,016	0.20%
26. ELECTRIC	8,872	0.20%
27. FARM FAMILY	8,250	0.18%
28. MARKEL AMERICAN	4,632	0.10%
29. AMERICAN INTERNATIONAL	2,137	0.05%
30. HARLEYSVILLE WORCESTER	1,567	0.03%
31. MIDDLESEX	1,237	0.03%
32. FIREMEN’S INS CO	1,157	0.03%
33. TOKIO	1,083	0.02%
34. AMERICAN FAMILY HOME	144	0.00%
35. AMERICAN BANKERS	9	0.00%
TOTAL	4,546,593	100.00%

Agency Checklists’s 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 November 2023 marketplace versus the same marketplace in November 2022, November 2021, November 2020, and November 2019. Following these graphs, are two additional comparisons between the top 10 insurers in November 2023 versus the top 10 insurers five years earlier in 2018, and then again from a decade ago in 2013.