3rd Look 2024: The MA Commercial Auto Insurance Marketplace

Agency Checklists’ latest “check-up” on the current state of the Commercial Auto Insurance marketplace takes a look at the state of the marketplace as of August 2024. As always, the data reviewed for this line of insurance is provided courtesy of the Commonwealth Automobile Reinsurers.

For those readers unfamiliar with the Commonwealth Automobile Reinsurers, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.

State of the Marketplace as of August 2024

The following graph takes a look at the current largest commercial auto insurances in the Commonwealth as ranked by premium.

The following is a list of all the insurers currently working within the Commercial Automobile Insurance marketplace in Massachusetts as ranked by premiums and market share.

Company Name	Premiums	Market Share
COMMERCE	118,372,298	13.12%
SAFETY	112,675,144	12.49%
ARBELLA	95,017,819	10.53%
PROGRESSIVE	83,212,174	9.22%
TRAVELERS	63,654,701	7.05%
PLYMOUTH ROCK	43,775,928	4.85%
TOKIO MARINE & NACHIDO	36,979,444	4.10%
FIREMAN’S	32,254,865	3.57%
ZURICH	25,253,017	2.80%
MOBILITAS GENERAL INS.	24,055,599	2.67%
SELECTIVE INSURANCE	22,457,658	2.49%
HANOVER	20,999,195	2.33%
TWIN CITY FIRE INS	18,619,390	2.06%
LIBERTY MUTUAL INS	18,562,629	2.06%
UTICA	15,365,243	1.70%
GREAT AMERICAN	11,456,410	1.27%
ARGONAUT	11,094,106	1.23%
GREEN MOUNTAIN	10,632,435	1.18%
FEDERATED MUTUAL	10,290,664	1.14%
NATIONAL GRANGE	9,432,308	1.05%
AMERICAN CASUALTY	9,105,884	1.01%
NEW HAMPSHIRE	8,529,407	0.95%
OLD REPUBLIC	8,422,082	0.93%
FEDERAL	8,046,411	0.89%
EMPLOYERS MUTUAL	7,017,259	0.78%
FARM FAMILY	6,730,947	0.75%
CENTRAL MUTUAL INS	6,585,136	0.73%
N&D MUTUAL	6,535,125	0.72%
CINCINNATI	5,666,657	0.63%
NEW YORK AND GENERAL INS	5,658,746	0.63%
US FIRE	5,125,102	0.57%
BANKERS	5,097,953	0.56%
MIDDLESEX INS CO	5,022,446	0.56%
MERCH MUTUAL	3,812,513	0.42%
ARCH	3,179,156	0.35%
QUINCY MUTUAL	2,516,231	0.28%
GEICO	2,340,808	0.26%
IMPERIUM	2,076,854	0.23%
MOTORISTS	1,676,151	0.19%
PREFERRED MUTUAL	1,661,123	0.18%
LANCER INSURANCE CO.	1,509,784	0.17%
GREENWICH	1,242,749	0.14%
HARLEYSVILLE INS	1,139,612	0.13%
ATLANTIC SPECIALTY	1,109,567	0.12%
STATE AUTO	1,034,249	0.11%
BERKSHIRE HATHAWAY	980,927	0.11%
SECURITY NATIONAL	905,292	0.10%
STARR INDEMNITY	879,874	0.10%
PROTECTIVE	814,054	0.09%
EVEREST NATIONAL	584,172	0.06%
SOMPO AMERICA	544,302	0.06%
PENN LUMBERMENS	511,446	0.06%
AMERICAN AUTOMOBILE	387,937	0.04%
CHURCH MUTUAL	348,940	0.04%
PENN MNFCT ASSC INS	326,347	0.04%
AXIS REINSURANCE	228,363	0.03%
QBE	226,694	0.03%
MITSUI SUMITOMO	180,352	0.02%
FALLS LAKE	160,823	0.02%
RLI	136,813	0.02%
STATE FARM	69,101	0.01%
ALLIED WORLD SPECIALTY	43,109	0.00%
CUMIS	34,004	0.00%
GUIDEONE MUTUAL	32,146	0.00%
AMERICAN FAMILY	29,561	0.00%
STARSTONE NATIONAL	21,358	0.00%
AMERICAN ALTERNATIVE	20,406	0.00%
MARKEL AMERICAN	2,103	0.00%
Totals	902,471,103	100.00%

Agency Checklists’ Proprietary Retrospective of the Commercial Auto Marketplace

The following are graphs depicting the state of the Commercial Auto Insurance Marketplace over the past 10 years. The first graph shows the top ten Commercial Auto Insurers as of August 2024, compared to August 2023, August 2022, August 2021, and August 2020. Following these comparisons are two more: one from five years ago, August 2019, and the last from ten years ago, August 2014.