3rd Look 2024: The MA Private Passenger Auto Insurance Marketplace

State of the Marketplace as of August 2024

Published every other month, our regular CAR Update reviews the latest data on the current state of the Private Passenger Automobile Insurance marketplace. For our second look at the marketplace in 2024, Agency Checklists is publishing the latest market share data as of August 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.

Below are the latest data points:

Company Name	Exposures	Market Share
COMMERCE	647,492	18.97%
GEICO	436,518	12.79%
SAFETY	330,803	9.69%
PROGRESSIVE	316,016	9.26%
PLYMOUTH ROCK	264,246	7.74%
ARBELLA	248,068	7.27%
LIBERTY MUTUAL	187,022	5.48%
STANDARD FIRE	172,190	5.05%
U S A A	138,935	4.07%
AMICA MUTUAL	108,218	3.17%
HANOVER	89,644	2.63%
METROPOLITAN	85,467	2.50%
NORFOLK AND DEDHAM MUTUAL	66,376	1.95%
QUINCY MUTUAL	64,008	1.88%
ALLSTATE	54,059	1.58%
VERMONT MUTUAL	39,362	1.15%
AMERICAN FAMILY	39,084	1.15%
FOREMOST	20,578	0.60%
PREFERRED MUTUAL	17,190	0.50%
STATE FARM	15,901	0.47%
GREEN MOUNTAIN	14,496	0.42%
TRUMBULL	9,997	0.29%
PURE	9,658	0.28%
BANKERS STANDARD	9,495	0.28%
CINCINNATI	8,231	0.24%
FARM FAMLY	6,109	0.18%
MARKEL AMERICAN	4,049	0.12%
ELECTRIC	3,284	0.10%
FIREMEN’S INS CO	1,538	0.05%
AMERICAN INTERNATIONAL	1,506	0.04%
MIDDLESEX	1,198	0.04%
HARLEYSVILLE WORCESTER	943	0.03%
TOKIO	877	0.03%
AMERICAN FAMILY HOME	78	0.00%
AMERICAN BANKERS	5	0.00%

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 over the past decade.

The first four side-by-side comparisons show the August 2024 marketplace versus the same marketplace in August 2023, August 2022, August 2021, and August 2020. Following these graphs are two additional comparisons between the top 10 insurers in August 2024 versus the top 10 insurers five years earlier in 2019 and then again from a decade ago in 2014.