5th Look 2023: Update Of The MA Private Passenger Auto Insurance Marketplace

A look at the latest data as of September 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 this “fourth look” of the year, Agency Checklists is publishing the latest market share data as of September 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:

Exposures & Market Share as of September 2023

COMPANYEXPOSURESMARKET SHARE1. COMMERCE758,47720.14%2. GEICO582,56815.47%3. SAFETY294,4367.82%4. ARBELLA289,8717.70%5. PLYMOUTH ROCK273,2717.26%6. PROGRESSIVE266,2057.07%7. LIBERTY MUTUAL248,7776.61%8. STANDARD FIRE178,4654.74%9. U S A A146,4263.89%10. AMICA MUTUAL109,1482.90%11. HANOVER104,3602.77%12. METROPOLITAN97,3952.59%13. QUINCY MUTUAL67,7771.80%14. ALLSTATE67,0011.78%15. NORFOLK AND DEDHAM MUTUAL61,8431.64%16. AMERICAN FAMILY52,8071.40%17. VERMONT MUTUAL43,6811.16%18. STATE FARM17,6240.47%19. PREFERRED MUTUAL15,4930.41%20. GREEN MOUNTAIN14,9500.40%21. FOREMOST13,3360.35%22. PURE10,4070.28%23. BANKERS STANDARD10,3700.28%24. TRUMBULL9,0230.24%25. ELECTRIC7,6450.20%26. CINCINNATI7,2690.19%27. FARM FAMLY6,8260.18%28. MARKEL AMERICAN3,8940.10%29. AMERICAN INTERNATIONAL1,7730.05%30. HARLEYSVILLE WORCESTER1,2250.03%31. MIDDLESEX1,1740.03%32. TOKIO9500.03%33. FIREMEN’S INS CO8990.02%34. AMERICAN FAMILY HOME910.00%35. AMERICAN BANKERS90.00%TOTAL3,765,463100.00%

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