Massachusetts is the largest homeowners insurance marketplace in New England
Homeowners insurers wrote more than $8.4 billion in Direct Written Premiums across the six New England states in 2024, with Massachusetts dominating the regional market. The Bay State accounted for nearly 45% of all premiums, or $3.76 billion, reflecting its size and concentration of insured properties. Connecticut ranked second with $2.35 billion, representing almost 28% of the total.
The remaining four states — Rhode Island, Maine, New Hampshire, and Vermont — collectively made up the final 27%, with individual totals ranging from $302 million in Vermont to $688 million in Rhode Island. The figures underscore Massachusetts’ outsized role in shaping competitive trends in the region’s homeowner’s insurance market.
States Ranked by Direct Written Premiums
| State | 2024 Direct Premium Written (000) |
| Massachusetts | $3,756,336 |
| Connecticut | $2,346,422 |
| Rhode Island | $688,172 |
| Maine | $664,813 |
| New Hampshire | $660,838 |
| Vermont | $302,292 |
The Top Ten Multi-Peril Homeowners Insurers in Each New England State
Across New England, the largest homeowners carriers command significant market share, with a handful of national and regional insurers leading in most states. Liberty Mutual holds a top-five position in every New England market and ranks first in New Hampshire and Vermont. MAPFRE, long the dominant homeowners insurer in Massachusetts, remains the largest single writer in the region’s biggest state market. Allstate leads in Rhode Island, while State Farm maintains strong positions across multiple states. Regional players such as Safety, Andover, and Vermont Mutual continue to play an important role in Massachusetts and northern New England, particularly in smaller states where local carriers compete effectively with national brands.
Massachusetts
| Rank | Insurance Group Name | Cumulative Market Share % | Market Share % | 2024 DPW ($) | 2024 DPE ($) | 2024 Loss Ratio % | Loss & Cost Containment Ratio |
|---|---|---|---|---|---|---|---|
| 1 | MAPFRE INS GRP | 10.62% | 10.62% | 399,063 | 413,800 | 30.03% | 31.24% |
| 2 | LIBERTY MUT GRP | 18.68% | 8.06% | 302,612 | 311,879 | 26.96% | 27.70% |
| 3 | SAFETY GRP | 25.72% | 7.04% | 264,313 | 241,908 | 36.33% | 36.85% |
| 4 | ANDOVER GRP | 32.25% | 6.54% | 245,502 | 229,283 | 28.75% | 31.81% |
| 5 | CHUBB LTD GRP | 38.19% | 5.94% | 223,119 | 209,012 | 16.58% | 16.71% |
| 6 | TRAVELERS GRP | 43.98% | 5.79% | 217,516 | 216,694 | 24.91% | 25.66% |
| 7 | ARBELLA INS GRP | 49.34% | 5.36% | 201,300 | 194,463 | 25.02% | 25.81% |
| 8 | UNITED SERV AUTOMOBILE ASSN GRP | 53.51% | 4.17% | 156,735 | 148,088 | 28.48% | 29.07% |
| 9 | PLYMOUTH ROCK INS GRP | 57.47% | 3.95% | 148,487 | 136,011 | 27.66% | 28.57% |
| 10 | AMICA MUT GRP | 61.08% | 3.62% | 135,878 | 136,025 | 20.22% | 21.05% |
| STATE TOTAL | 100.00% | 100.00% | 3,756,336 | 3,608,824 | 27.77% | 28.80% |
Connecticut
| Rank | Insurance Group Name | Cumulative Market Share % | Market Share % | 2024 DPW ($) | 2024 DPE ($) | 2024 Loss Ratio % | Loss & Cost Containment Ratio |
|---|---|---|---|---|---|---|---|
| 1 | TRAVELERS GRP | 10.09% | 10.09% | 236,871 | 210,218 | 43.60% | 44.62% |
| 2 | STATE FARM GRP | 18.29% | 8.20% | 192,318 | 169,865 | 83.03% | 85.40% |
| 3 | CHUBB LTD GRP | 25.82% | 7.52% | 176,565 | 170,067 | 36.30% | 36.77% |
| 4 | ALLSTATE INS GRP | 32.78% | 6.97% | 163,470 | 161,599 | 55.52% | 56.76% |
| 5 | LIBERTY MUT GRP | 39.20% | 6.42% | 150,643 | 153,000 | 47.54% | 48.71% |
| 6 | UNITED SERV AUTOMOBILE ASSN GRP | 45.04% | 5.84% | 136,945 | 128,782 | 49.60% | 50.14% |
| 7 | AMERICAN FAMILY INS GRP | 49.63% | 4.59% | 107,640 | 96,545 | 48.57% | 51.34% |
| 8 | FARMERS INS GRP | 53.98% | 4.35% | 102,122 | 99,746 | 58.51% | 59.40% |
| 9 | AMICA MUT GRP | 58.17% | 4.19% | 98,254 | 94,762 | 42.00% | 43.28% |
| 10 | HARTFORD FIRE & CAS GRP | 61.30% | 3.14% | 73,640 | 67,349 | 42.93% | 43.06% |
| STATE TOTAL | 100.00% | 100.00% | 2,346,422 | 2,183,460 | 55.14% | 56.61% |
Maine
| Rank | Insurance Group Name | Cumulative Market Share % | Market Share % | 2024 DPW ($) | 2023 DPW ($) | 2024 Loss Ratio % | Loss & Cost Containment Ratio |
|---|---|---|---|---|---|---|---|
| 1 | STATE FARM GRP | 11.79% | 11.79% | 78,394 | 74,104 | 21.28% | 22.06% |
| 2 | LIBERTY MUT GRP | 23.08% | 11.29% | 75,054 | 72,856 | 24.53% | 25.05% |
| 3 | ALLSTATE INS GRP | 30.25% | 7.17% | 47,649 | 48,039 | 40.09% | 40.79% |
| 4 | FARMERS INS GRP | 37.38% | 7.13% | 47,402 | 45,250 | 20.52% | 21.11% |
| 5 | UNITED SERV AUTOMOBILE ASSN GRP | 43.73% | 6.35% | 42,212 | 40,246 | 19.82% | 20.08% |
| 6 | THE HANOVER INS GRP | 48.83% | 5.10% | 33,907 | 33,004 | 37.27% | 38.27% |
| 7 | VERMONT MUT GRP | 53.81% | 4.99% | 33,148 | 30,594 | 45.27% | 46.03% |
| 8 | CHUBB LTD GRP | 58.56% | 4.74% | 31,534 | 30,711 | 24.77% | 24.99% |
| 9 | MMG INS CO | 63.17% | 4.61% | 30,657 | 28,835 | 40.43% | 40.97% |
| 10 | AUTO OWNERS GRP | 67.55% | 4.38% | 29,115 | 27,004 | 40.33% | 40.85% |
| STATE TOTAL | 100.00% | 100.00% | 664,813 | 631,969 | 31.25% | 32.03% |
New Hampshire
| Rank | Insurance Group Name | Cumulative Market Share % | Market Share % | 2024 DPW ($) | 202$ DPE ($) | 2024 Loss Ratio % | Loss & Cost Containment Ratio |
|---|---|---|---|---|---|---|---|
| 1 | LIBERTY MUT GRP | 13.64% | 13.64% | 90,160 | 85,661 | 27.43% | 28.25% |
| 2 | STATE FARM GRP | 24.42% | 10.78% | 71,228 | 64,827 | 55.77% | 55.90% |
| 3 | ALLSTATE INS GRP | 32.88% | 8.46% | 55,874 | 52,573 | 29.01% | 29.63% |
| 4 | UNITED SERV AUTOMOBILE ASSN GRP | 40.15% | 7.28% | 48,080 | 45,311 | 37.48% | 37.90% |
| 5 | FARMERS INS GRP | 46.53% | 6.38% | 42,173 | 39,240 | 24.76% | 25.31% |
| 6 | TRAVELERS GRP | 51.58% | 5.04% | 33,331 | 31,821 | 26.82% | 27.21% |
| 7 | VERMONT MUT GRP | 55.86% | 4.28% | 28,295 | 26,705 | 49.53% | 49.83% |
| 8 | ANDOVER GRP | 59.74% | 3.88% | 25,665 | 23,571 | 45.43% | 48.32% |
| 9 | AMERICAN FAMILY INS GRP | 63.55% | 3.81% | 25,150 | 22,114 | 45.72% | 48.43% |
| 10 | AUTO OWNERS GRP | 67.25% | 3.70% | 24,471 | 23,221 | 27.21% | 27.30% |
| STATE TOTAL | 100.00% | 100.00% | 660,838 | 617,963 | 40.08% | 40.82% |
Rhode Island
| Rank | Insurance Group Name | Cumulative Market Share % | Market Share % | 2024 DPW ($) | 2024 DPE ($) | 2024 Loss Ratio % | Loss & Cost Containment Ratio |
|---|---|---|---|---|---|---|---|
| 1 | ALLSTATE INS GRP | 13.13% | 13.13% | 90,366 | 81,940 | 40.74% | 42.10% |
| 2 | AMICA MUT GRP | 26.04% | 12.91% | 88,827 | 88,530 | 36.41% | 37.46% |
| 3 | UNITED SERV AUTOMOBILE ASSN GRP | 33.31% | 7.28% | 50,065 | 46,382 | 32.40% | 33.13% |
| 4 | LIBERTY MUT GRP | 40.01% | 6.70% | 46,110 | 49,030 | 40.71% | 42.01% |
| 5 | ANDOVER GRP | 45.82% | 5.80% | 39,940 | 38,365 | 34.71% | 37.15% |
| 6 | HERITAGE INS HOLDINGS GRP | 50.94% | 5.12% | 35,244 | 34,750 | 42.03% | 47.06% |
| 7 | NATIONWIDE CORP GRP | 56.01% | 5.07% | 34,888 | 33,964 | 39.50% | 40.53% |
| 8 | AMERICAN FAMILY INS GRP | 60.75% | 4.75% | 32,658 | 29,089 | 40.98% | 42.20% |
| 9 | VERMONT MUT GRP | 64.87% | 4.12% | 28,354 | 25,776 | 41.04% | 41.31% |
| 10 | FARMERS INS GRP | 68.81% | 3.93% | 27,059 | 25,237 | 36.22% | 36.93% |
| STATE TOTAL | 100.00% | 100.00% | 688,172 | 646,975 | 38.71% | 39.98% |
Vermont
| Rank | Insurance Group Name | Cumulative Market Share % | Market Share % | 2024 DPW ($) | 2024 DPE ($) | 2024 Loss Ratio % | Loss & Cost Containment Ratio |
|---|---|---|---|---|---|---|---|
| 1 | LIBERTY MUT GRP | 12.87% | 12.87% | 38,898 | 36,634 | 31.35% | 32.21% |
| 2 | VERMONT MUT GRP | 24.85% | 11.98% | 36,216 | 34,097 | 36.19% | 37.18% |
| 3 | CO OPERATIVE INS COS | 34.45% | 9.61% | 29,036 | 28,574 | 47.45% | 48.77% |
| 4 | STATE FARM GRP | 43.33% | 8.88% | 26,836 | 25,000 | 62.78% | 64.27% |
| 5 | TRAVELERS GRP | 49.60% | 6.27% | 18,944 | 17,988 | 34.80% | 35.09% |
| 6 | UNITED SERV AUTOMOBILE ASSN GRP | 55.64% | 6.04% | 18,267 | 17,356 | 45.38% | 46.58% |
| 7 | AUTO OWNERS GRP | 60.69% | 5.05% | 15,275 | 14,857 | 50.99% | 52.97% |
| 8 | CHUBB LTD GRP | 65.54% | 4.85% | 14,651 | 13,854 | 17.50% | 17.26% |
| 9 | ALLSTATE INS GRP | 70.20% | 4.66% | 14,079 | 13,182 | 29.18% | 29.25% |
| 10 | AMERICAN FAMILY INS GRP | 74.30% | 4.11% | 12,414 | 10,973 | 62.56% | 62.91% |
| STATE TOTAL | 100.00% | 100.00% | 302,292 | 285,723 | 43.45% | 44.00% |
