State of the Marketplace as of February 2024
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 first look at the state of the marketplace in 2024, Agency Checklists is publishing the latest market share data as of February 2024, 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 February 2024
| COMPANY | EXPOSURES | MARKET SHARE |
|---|---|---|
| 1. COMMERCE | 159,615 | 19.02% |
| 2. GEICO | 113,381 | 13.51% |
| 3. SAFETY | 80,947 | 9.65% |
| 4. PROGRESSIVE | 65,014 | 7.75% |
| 5. PLYMOUTH ROCK | 62,850 | 7.49% |
| 6. ARBELLA | 62,046 | 7.40% |
| 7. LIBERTY MUTUAL | 53,475 | 6.37% |
| 8. STANDARD FIRE | 45,801 | 5.46% |
| 9. U S A A | 32,134 | 3.83% |
| 10. AMICA MUTUAL | 24,633 | 2.94% |
| 11. METROPOLITAN | 21,878 | 2.61% |
| 12. HANOVER | 20,930 | 2.49% |
| 13. QUINCY MUTUAL | 17,538 | 2.09% |
| 14. NORFOLK AND DEDHAM MUTUAL | 16,469 | 1.96% |
| 15. ALLSTATE | 13,752 | 1.64% |
| 16. AMERICAN FAMILY | 9,649 | 1.15% |
| 17. VERMONT MUTUAL | 9,575 | 1.14% |
| 18. FOREMOST | 4,683 | 0.56% |
| 19. PREFERRED MUTUAL | 4,360 | 0.52% |
| 20. GREEN MOUNTAIN | 3,529 | 0.42% |
| 21. STATE FARM | 3,299 | 0.39% |
| 22. PURE | 2,619 | 0.31% |
| 23. TRUMBULL | 2,473 | 0.29% |
| 24. BANKERS STANDARD | 1,845 | 0.22% |
| 25. ELECTRIC | 1,775 | 0.21% |
| 26. FARM FAMILY | 1,656 | 0.20% |
| 27. CINCINNATI | 1,428 | 0.17% |
| 28. MARKEL AMERICAN | 596 | 0.07% |
| 29. AMERICAN INTERNATIONAL | 321 | 0.04% |
| 30. HARLEYSVILLE WORCESTER | 248 | 0.03% |
| 31. FIREMEN’S INS CO | 207 | 0.02% |
| 32. TOKIO | 163 | 0.02% |
| 33. MIDDLESEX | 133 | 0.02% |
| 34. AMERICAN FAMILY HOME | ___ | 0.00% |
| 35. AMERICAN BANKERS | ___ | 0.00% |
| 839,022 | 100.00% |
Agency Checklists’ 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 February 2024 marketplace versus the same marketplace in February 2023, February 2022, February 2021, and February 2020. Following these graphs are two additional comparisons between the top 10 insurers in February 2024 versus the top 10 insurers five years earlier in 2019, and then again from a decade ago in 2014.
Year-Over-Year Comparisons
Use the arrows to slide over each graph to view them individually or for further comparison.
February 2024 v. February 2023
February 2024 v. February 2022
February 2024 v. February 2021
February 2024 v. February 2020
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.
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
How to view all of the 2023 updates on the Private Passenger Auto Insurance Marketplace in Massachusetts
2023
- 1st Look 2023: Market Share Review of the MA Private Passenger Auto Insurance Marketplace
- 2nd Look 2023: Market Share Update of the MA Private Passenger Auto Insurance Marketplace
- 3rd Look 2023: Market Share Update of the MA Private Passenger Auto Insurance Marketplace
- 4th Look 2023: Market Share Update of the MA Private Passenger Auto Insurance Marketplace
- 5th Look 2023: Market Share Update of the MA Private Passenger Auto Insurance Marketplace
- Last Look 2023: Update On The MA Private Passenger Auto Insurance Marketplace
