Security is the biggest Business Auto Insurer in MA as of December 2024
Our newest “check-up” on the Business 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 supplied courtesy of the Commonwealth Automobile Reinsurers.
For these readers unfamiliar with the Commonwealth Vehicle Reinsurers, “CAR” is the official statistical agent for motorcar insurance coverage within the Commonwealth of Massachusetts.
Whereas Security and Commerce frequently 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 an inventory of all of the Business Auto Insurers in Massachusetts together with their corresponding market share.
In response to the newest information from CAR, there are at present 70 insurers energetic within the Business Auto insurance coverage market in Massachusetts. The whole premiums for this line of insurance coverage amounted to $1,329,843,529.
Business Auto Insurers Ranked by Premiums & Market Share
| Firm | Premiums ($) | 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 |
| Whole | 1,329,843,529 | 100.00 |
Company Checklists’ Proprietary Retrospective of the Business Auto Market
The next are graphs depicting the state of the Business Auto Insurance coverage Market over the previous 10 years. The primary graph exhibits the highest ten Business Auto Insurers as of December 2024, in comparison with 12 months-Finish 2023, 12 months-Finish 2022, 12 months-Finish 2021, and 12 months-Finish 2020. Following these comparisons are two extra: one from 5 years in the past, 12 months-Finish 2019, and the final from ten years in the past, 12 months-Finish 2014.
Utilizing the sliders, you possibly can evaluate every year by sliding the window to the left or proper on every graph comparability under.
12 months-Finish 2024 v. 12 months-Finish 2023
12 months-Finish 2024 v. 12 months-Finish 2022
12 months-Finish 2024 v. 12 months-Finish 2021
12 months-Finish 2024 v. 12 months-Finish 2020
5-12 months Comparability
Utilizing the sliders, you possibly can evaluate every year by sliding the window to the left or proper on every graph comparability under.
12 months-Finish 2024 v. 12 months-Finish 2023
10-12 months Comparability
Utilizing the sliders, you possibly can evaluate every year by sliding the window to the left or proper on every graph comparability under.
