1st Look 2024: The MA Private Passenger Auto Insurance Marketplace

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 last look of the year, Agency Checklists is publishing the latest market share data as of February 2024, the latest date for which complete data is available. It also marks our first look at the state of the marketplace in 2024.

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

COMPANYEXPOSURESMARKET SHARE1. COMMERCE159,61519.02%2. GEICO113,38113.51%3. SAFETY80,9479.65%4. PROGRESSIVE65,0147.75%5. PLYMOUTH ROCK62,8507.49%6. ARBELLA62,0467.40%7. LIBERTY MUTUAL53,4756.37%8. STANDARD FIRE45,8015.46%9. U S A A32,1343.83%10. AMICA MUTUAL24,6332.94%11. METROPOLITAN21,8782.61%12. HANOVER20,9302.49%13. QUINCY MUTUAL17,5382.09%14. NORFOLK AND DEDHAM MUTUAL16,4691.96%15. ALLSTATE13,7521.64%16. AMERICAN FAMILY9,6491.15%17. VERMONT MUTUAL9,5751.14%18. FOREMOST4,6830.56%19. PREFERRED MUTUAL4,3600.52%20. GREEN MOUNTAIN3,5290.42%21. STATE FARM3,2990.39%22. PURE2,6190.31%23. TRUMBULL2,4730.29%24. BANKERS STANDARD1,8450.22%25. ELECTRIC1,7750.21%26. FARM FAMILY1,6560.20%27. CINCINNATI1,4280.17%28. MARKEL AMERICAN 5960.07%29. AMERICAN INTERNATIONAL3210.04%30. HARLEYSVILLE WORCESTER2480.03%31. FIREMEN’S INS CO2070.02%32. TOKIO1630.02%33. MIDDLESEX1330.02%34. AMERICAN FAMILY HOME___0.00%35. AMERICAN BANKERS___0.00%839,022100.00%An estimated data adjustment was made to Amica Mutual.

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.