Security is the biggest Industrial Auto Insurer in MA as of December 2024
Our newest “check-up” on the Industrial Auto Insurance coverage market takes a have a look at the state of {the marketplace} within the final month of 2024. As all the time, the info reviewed for this line of insurance coverage is offered courtesy of the Commonwealth Vehicle Reinsurers.
For these readers unfamiliar with the Commonwealth Vehicle Reinsurers, “CAR” is the official statistical agent for motorized vehicle insurance coverage within the Commonwealth of Massachusetts.
Whereas Security and Commerce regularly vie for the highest spot on this line of insurance coverage, as of December 2024, Security claimed the highest spot, albeit by .01%. The next is a listing of all of the Industrial Auto Insurers in Massachusetts together with their corresponding market share.
In keeping with the most recent information from CAR, there are presently 70 insurers energetic within the Industrial Auto insurance coverage market in Massachusetts. The whole premiums for this line of insurance coverage amounted to $1,329,843,529.
Industrial Auto Insurers Ranked by Premiums & Market Share
| Firm | Premiums ($) | Market Share (%) | |
|---|---|---|---|
| 1. | SAFETY | 172,132,708 | 12.94 |
| 2. | COMMERCE | 171,955,880 | 12.93 |
| 3. | ARBELLA | 135,999,437 | 10.23 |
| 4. | PROGRESSIVE | 122,549,984 | 9.22 |
| 5. | TRAVELERS | 89,804,094 | 6.75 |
| 6. | PLYMOUTH ROCK | 63,925,483 | 4.81 |
| 7. | FIREMAN’S | 47,706,362 | 3.59 |
| 8. | TOKIO MARINE & NACHIDO | 46,664,869 | 3.51 |
| 9. | SELECTIVE INSURANCE | 34,721,204 | 2.61 |
| 10. | ZURICH | 34,709,918 | 2.61 |
| 11. | HANOVER | 31,877,767 | 2.40 |
| 12. | TWIN CITY FIRE INS | 27,831,470 | 2.09 |
| 13. | LIBERTY MUTUAL INS | 25,511,188 | 1.92 |
| 14. | UTICA | 24,399,654 | 1.83 |
| 15. | MOBILITAS GENERAL INS. | 24,055,599 | 1.81 |
| 16. | OLD REPUBLIC | 23,902,210 | 1.80 |
| 17. | GREAT AMERICAN | 18,047,463 | 1.36 |
| 18. | GREEN MOUNTAIN | 16,123,411 | 1.21 |
| 19. | FEDERATED MUTUAL | 15,686,919 | 1.18 |
| 20. | AMERICAN CASUALTY | 15,314,064 | 1.15 |
| 21. | NEW HAMPSHIRE | 13,003,729 | 0.98 |
| 22. | ARGONAUT | 12,591,419 | 0.95 |
| 23. | NATIONAL GRANGE | 11,586,315 | 0.87 |
| 24. | FEDERAL | 11,369,828 | 0.85 |
| 25. | N&D MUTUAL | 10,381,153 | 0.78 |
| 26. | EMPLOYERS MUTUAL | 10,272,059 | 0.77 |
| 27. | CINCINNATI | 9,834,755 | 0.74 |
| 28. | CENTRAL MUTUAL INS | 9,651,111 | 0.73 |
| 29. | FARM FAMILY | 9,451,351 | 0.71 |
| 30. | IMPERIUM | 8,342,340 | 0.63 |
| 31. | US FIRE | 7,673,686 | 0.58 |
| 32. | MIDDLESEX INS CO | 7,456,822 | 0.56 |
| 33. | NEW YORK AND GENERAL INS | 6,741,712 | 0.51 |
| 34. | ARCH | 6,519,569 | 0.49 |
| 35. | BANKERS | 6,401,355 | 0.48 |
| 36. | MERCH MUTUAL | 5,560,024 | 0.42 |
| 37. | STARR INDEMNITY | 4,094,859 | 0.31 |
| 38. | QUINCY MUTUAL | 3,965,609 | 0.30 |
| 39. | GEICO | 3,815,825 | 0.29 |
| 40. | PREFERRED MUTUAL | 2,703,805 | 0.20 |
| 41. | LANCER INSURANCE CO. | 2,427,571 | 0.18 |
| 42. | MOTORISTS | 2,160,275 | 0.16 |
| 43. | GREENWICH | 1,895,270 | 0.14 |
| 44. | PROTECTIVE | 1,803,503 | 0.14 |
| 45. | HARLEYSVILLE INS | 1,656,200 | 0.12 |
| 46. | EVEREST NATIONAL | 1,639,095 | 0.12 |
| 47. | SECURITY NATIONAL | 1,540,969 | 0.12 |
| 48. | STATE AUTO | 1,406,408 | 0.11 |
| 49. | ATLANTIC SPECIALTY | 1,338,171 | 0.10 |
| 50. | CHURCH MUTUAL | 1,313,539 | 0.10 |
| 51. | PRIME PROPERTY & CASUALTY | 1,112,888 | 0.08 |
| 52. | PENN MNFCT ASSC INS | 1,046,455 | 0.08 |
| 53. | BERKSHIRE HATHAWAY | 1,040,087 | 0.08 |
| 54. | PENN LUMBERMENS | 900,771 | 0.07 |
| 55. | SOMPO AMERICA | 819,246 | 0.06 |
| 56. | AXIS REINSURANCE | 587,879 | 0.04 |
| 57. | AMERICAN AUTOMOBILE | 547,627 | 0.04 |
| 58. | QBE | 469,778 | 0.04 |
| 59. | FALLS LAKE | 405,685 | 0.03 |
| 60. | RLI | 266,558 | 0.02 |
| 61. | AMERICAN FAMILY | 207,369 | 0.02 |
| 62. | MITSUI SUMITOMO | 207,136 | 0.02 |
| 63. | AMICA MUTUAL | 174,040 | 0.01 |
| 64. | AMERICAN ALTERNATIVE | 128,978 | 0.01 |
| 65. | STARSTONE NATIONAL | 124,893 | 0.01 |
| 66. | STATE FARM | 101,847 | 0.01 |
| 67. | GUIDEONE MUTUAL | 63,294 | 0.00 |
| 68. | CUMIS | 61,800 | 0.00 |
| 69. | ALLIED WORLD SPECIALTY | 51,554 | 0.00 |
| 70. | MARKEL AMERICAN | 7,633 | 0.00 |
| Total | 1,329,843,529 | 100.00 |
Agency Checklists’ Proprietary Retrospective of the Commercial Auto Marketplace
The following are graphs depicting the state of the Commercial Auto Insurance Marketplace over the past 10 years. The first graph shows the top ten Commercial Auto Insurers as of December 2024, compared to Year-End 2023, Year-End 2022, Year-End 2021, and Year-End 2020. Following these comparisons are two more: one from five years ago, Year-End 2019, and the last from ten years ago, Year-End 2014.
Using the sliders, you can compare each year by sliding the window to the left or right on each graph comparison below.
Year-End 2024 v. Year-End 2023
Year-End 2024 v. Year-End 2022
Year-End 2024 v. Year-End 2021
Year-End 2024 v. Year-End 2020
5-Year Comparison
Using the sliders, you can compare each year by sliding the window to the left or right on each graph comparison below.
Year-End 2024 v. Year-End 2023
10-Year Comparison
Using the sliders, you can compare each year by sliding the window to the left or right on each graph comparison below.
