2nd Look 2025: Market Share For MA Auto Market

Commerce continues to be the biggest Personal Passenger Auto Insurer in MA

Printed each different month, Company Checklists’ CAR Updates overview the newest information on the present state of the Personal Passenger Vehicle Insurance coverage market. For our re-evaluation of the 12 months, this replace evaluations the market share information as of October 2024, the newest date for which full information is accessible.

When it comes to what the information exhibits, as of December 2024, Commerce continues to carry the biggest share of the non-public passenger auto insurance coverage market, with 19.02% market share and 936,254 exposures, sustaining a powerful lead over its rivals. GEICO follows with a 12.61% market share and 620,576 exposures, whereas Progressive (9.78%) and Security (9.63%) stay shut rivals, every with over 470,000 exposures. Notably, Plymouth Rock (7.70%) and Arbella (7.25%) additionally maintain vital positions available in the market.

The highest ten insurers collectively dominate the sector, accounting for greater than 75% of whole exposures. Hanover, Metropolitan, and Norfolk and Dedham Mutual spherical out the center tier, every controlling between 2% and three% of the market, whereas smaller carriers resembling Inexperienced Mountain, Trumbull, and Bankers Commonplace every maintain lower than 0.5% market share. The whole market exposures quantity to 4,921,462, highlighting the aggressive nature of the Massachusetts auto insurance coverage sector, with a transparent focus of enterprise among the many main insurers. The whole market exposures stand at 4,921,462 as of the final month of 2024.

As at all times, many because of the Commonwealth Vehicle Reinsurers, which acts as the statistical agent for motorcar insurance coverage within the Commonwealth of Massachusetts and supplies Company Checklists with all the information offered right here.

Personal Passenger Auto Insurers Ranked by Premiums & Market Share

Firm Title	Exposures	Market Share
COMMERCE	936,254	19.02%
GEICO	620,576	12.61%
PROGRESSIVE	481,494	9.78%
SAFETY	474,013	9.63%
PLYMOUTH ROCK	379,043	7.70%
ARBELLA	356,676	7.25%
LIBERTY MUTUAL	259,444	5.27%
STANDARD FIRE	256,772	5.22%
U S A A	203,543	4.14%
AMICA MUTUAL	148,228	3.01%
HANOVER	127,838	2.60%
METROPOLITAN	121,993	2.48%
NORFOLK AND DEDHAM MUTUAL	96,868	1.97%
QUINCY MUTUAL	88,819	1.80%
ALLSTATE	76,952	1.56%
AMERICAN FAMILY	52,334	1.06%
VERMONT MUTUAL	51,659	1.05%
FOREMOST	32,217	0.65%
PREFERRED MUTUAL	25,174	0.51%
STATE FARM	23,934	0.49%
GREEN MOUNTAIN	21,521	0.44%
TRUMBULL	14,251	0.29%
BANKERS STANDARD	14,014	0.28%
PURE	12,691	0.26%
CINCINNATI	12,593	0.26%
FARM FAMILY	8,669	0.18%
INCLINE	6,134	0.12%
MARKEL AMERICAN	5,748	0.12%
ELECTRIC	3,175	0.06%
FIREMEN’S INS CO	2,374	0.05%
AMERICAN INTERNATIONAL	2,181	0.04%
HARLEYSVILLE WORCESTER	1,539	0.03%
MIDDLESEX	1,395	0.03%
TOKIO	1,176	0.02%
AMERICAN FAMILY HOME	164	0.00%
AMERICAN BANKERS	8	0.00%

Company Checklists’ Retrospective of the PPA Market

The next side-by-side comparisons enable our readers to overview the state of the Personal Passenger Auto Insurance coverage Market over the previous decade.

The primary 4 side-by-side comparisons present the December 2024 market versus the identical market in Yr-Finish 2023, Yr-Finish 2022, Yr-Finish 2021, and Yr-Finish 2020.

Following these graphs are two extra comparisons between the highest 10 insurers in December 2024 versus the highest 10 insurers 5 years earlier in 2019 after which once more from a decade in the past in 2014.