Top 10 Best Car Insurance Dealers 2022


The National Association of Insurance Commissioners has released a new in-depth report on the 2021 market share of property & casualty insurers. A total of 33 business lines have been analyzed at the national and state level. In response to the release of this data, Agency Checklists is releasing a distillation report in the coming weeks that has top insurers in various markets in Massachusetts and New England.

The NAIC states that the in-depth report can serve a variety of purposes for the benefit of individuals and organizations by providing them with “an understanding of market dynamics”. In addition, the NAIC believes it can help:

  • Analyze the insurance competition
  • Create benchmarks to compare companies
  • Get to know the best writers
  • Analyze the overall market size
  • Learn more about premium brands
  • Assess market penetration potential
  • Analyze the market effects after the merger

High Market Share

The following is a reprinted graph from the NAIC Property & Casualty Market Share Reports 2021 that shows the trend in Premium over the past decade. According to the NAIC, Direct Written Premium increased by 9.44% from 2020 for all businesses.

Graph Source: NAIC

Top 10 Insurance Brokers in the World

COMPANY NAME SUBSCRIBE (000) HELPFUL TIPS (000) CHANGE OF LOCATION LOSS & CONTAINMENT RATIO MARKET SHARE CUMULATIVE MARKET SHARE
1. PROGRESSIVE GRP 6,699,493 5,836,812 69.80% 74.25 % 16.17 % 16.17 %
2. TRAVELERS GRP 2,315,056 2,270,564 57.58 % 63.19 % 5.59 % 21.76 percent
3. OLD REPUBLIC GRP 1,547,892 1,543,040 68.53 % 80.91 % 3.74 % 25.50%
4. LIBERTY MUT GRP 1,351,781 1,352,028 68.06 % 73.84 % 3.26 % 28.76 percent
5. BERKSHIRE HATHAWAY GRP 1,336,634 1,304,668 59.06 % 69.92 % 3.23 % 31.99 %
6. NATIONWIDE CORP GRP 1,316,345 1,316,221 65.65 % 69.56 % 3.18 % 35.17 percent
7. ZURICH INS GRP 1,237,537 1,197,758 72.47 % 83.32 % 2.99 % 38.16 %
8. ENYI GRP 1,009,414 940,495 60.40% 67.75 percent 2.44 % 40.59 percent
9. ALLSTATE INS GRP 910,296 885,134 87.77 % 96.02 % 2.20 % 42.79 percent
10. CHUBB LTD GRP 894,678 872,573 68.72 percent 74.40 % 2.16 % 44.95 %

Top 10 Car Dealerships – Massachusetts

COMPANY NAME SUBSCRIBE (000) HELPFUL TIPS (000) CHANGE OF LOCATION LOSS & CONTAINMENT RATIO MARKET SHARE CUMULATIVE MARKET SHARE
1. MAPFRE INS GRP 104,556 103,787 53.08 % 54.63 percent 12.96 % 12.96 %
2. SECURITY GRP 86,794 84,829 45.91 percent 48.47 percent 10.76 % 23.71 percent
3. ARBELLA INS GRP 78,580 76,969 34.54 percent 38.44 % 9.74 % 33.45 %
4. TRAVELERS GRP 58,118 56,020 37.54 % 38.82 % 7.20 % 40.65 %
5. LIBERTY MUT GRP 56,144 66,635 55.97 % 60.96 % 6.96 % 47.61 percent
6. TRAINING GRP 53,763 46,520 44.34 percent 46.77 percent 6.66 % 54.27 percent
7. PLYMOUTH ROCK INS GRP 42,658 43,524 17.20% 23.22% 5.29 % 59.56 %
8. TOKYO MARINE HOLDINGS INC GRP 29,459 29,804 44.77 percent 45.51 % 3.65 % 63.21 %
9. WR BERKLEY CORP GRP 27,402 26,228 34.29 percent 37.09 % 3.40 % 66.60 %
10. ZURICH INS GRP 24,746 24,508 29.87 percent 35.00 % 3.07 % 69.67 %
***STAND ALL*** 806,960 789,449 41.16 percent 44.46 percent 100.00 % 69.67 %

Top 10 Car Dealerships – New England

Connecticut

COMPANY NAME SUBSCRIBE (000) HELPFUL TIPS (000) CHANGE OF LOCATION LOSS & CONTAINMENT RATIO MARKET SHARE CUMULATIVE MARKET SHARE
1. PROGRESSIVE GRP 54,833 48,247 55.86 % 59.00% 12.36 % 12.36 %
2. TRAVELERS GRP 31,883 32,124 46.70 percent 49.09 % 7.19 % 19.55 %
3. LIBERTY MUT GRP 30,941 31,035 71.70 % 78.13 % 6.98 % 26.53 percent
4. WR BERKLEY CORP GRP 22,866 20,425 57.52 % 60.90% 5.16 % 31.69 percent
5. HARTFORD FIRE & CAS GRP 22,234 21,431 47.95 % 51.03 % 5.01 % 36.70%
6. SELECTING INS GRP 19,475 18,325 70.54 % 73.74 % 4.39 % 41.09 %
7. ZURICH INS GRP 18,221 17,355 73.84 % 85.06 % 4.11 % 45.20%
8. UTICA GRP 15,858 15,582 55.45 % 62.08 % 3.58 % 48.78 percent
9. AMERICAN FAMILY INS GRP 15,312 15,338 102.95 % 112.81 % 3.45 % 52.23 %
10. NATIONWIDE CORP GRP 13,802 13,705 27.65 % 29.37 percent 3.11 % 55.34 %
***STAND ALL*** 443,482 425,023 60.11 % 66.39 percent 100.00 % 55.34 %

Maine

COMPANY NAME SUBSCRIBE (000) HELPFUL TIPS (000) CHANGE OF LOCATION LOSS & CONTAINMENT RATIO MARKET SHARE CUMULATIVE MARKET SHARE
1. WR BERKLEY CORP GRP 20,410 18,954 32.85 % 33.78 percent 16.10 % 16.10 %
2. TRAINING GRP 12,641 12,300 44.96 percent 46.30 % 9.97 % 26.07 %
3. THE HANOVER INS GRP 10,391 10,333 62.49 percent 64.41 % 8.20 % 34.26 percent
4. LIBERTY MUT GRP 9,664 9,956 72.35 % 76.75 % 7.62 % 41.88 percent
5. TRAVELERS GRP 9,505 9,275 52.95 % 55.00% 7.50 % 49.38 %
6. FRANKENMUTH GRP 7,523 7,290 26.90 % 28.66 percent 5.93 % 55.31 %
7. MMG INS CO 7,141 6,867 40.80% 43.14 percent 5.63 % 60.95 %
8. ZURICH INS GRP 3,716 3,697 N/A N/A 2.93 % 63.88 %
9. ACUITY A MUT INS CO 3,409 3,021 27.69 percent 28.66 percent 2.69 % 66.56 percent
10. OLD REPUBLIC GRP 3,235 2,940 33.28 % 37.96 % 2.55 % 69.12 %
***STAND ALL*** 126,794 121,898 50.02 % 52.94 % 100.00 % 69.12 %

New Hampshire

COMPANY NAME SUBSCRIBE (000) HELPFUL TIPS (000) CHANGE OF LOCATION LOSS & CONTAINMENT RATIO MARKET SHARE CUMULATIVE MARKET SHARE
1. WR BERKLEY CORP GRP 21,762 20,857 26.54 percent 28.76 percent 16.95 % 16.95 %
2. TRAINING GRP 10,365 9,763 27.66 percent 28.86 percent 8.08 % 25.03 %
3. LIBERTY MUT GRP 10,185 10,162 54.58 % 58.40% 7.94 % 32.97 percent
4. TRAVELERS GRP 7,207 6,877 26.79 percent 27.40% 5.62 % 38.58 percent
5. THE HANOVER INS GRP 5,030 4,977 13.78 % 18.46 % 3.92 % 42.50%
6. ZURICH INS GRP 4,483 4,009 N/A N/A 3.49 % 45.99 %
7. MMG INS CO 4,386 4,293 31.24 % 34.32 percent 3.42 % 49.41 %
8. AMERICAN FINANCIAL GR 3,972 3,541 N/A N/A 3.09 % 52.50 %
9. PROTECTION OF GRP 3,962 3,815 112.45 % 115.86 percent 3.09 % 55.59 percent
10. CHUBB LTD GRP 3,914 3,837 36.66 percent 39.34 % 3.05 % 58.64 %
***STAND ALL*** 128,354 123,276 30.66 percent 32.61 % 100.00 % 58.64 %

Rhode Island

COMPANY NAME SUBSCRIBE (000) HELPFUL TIPS (000) CHANGE OF LOCATION LOSS & CONTAINMENT RATIO MARKET SHARE CUMULATIVE MARKET SHARE
1. PROGRESSIVE GRP 18,094 16,019 41.70% 43.01 % 15.80 % 15.80 %
2. SELECT INS GRP 7,443 6,915 60.73 percent 62.78 % 6.50 % 22.29%
3. TRAVELERS GRP 6,703 6,939 51.79 % 51.97 % 5.85 % 28.15 %
4. EMC INS CO GRP 6,661 6,554 33.34 percent 37.29 percent 5.82 % 33.96 percent
5. LIBERTY MUT GRP 5,858 5,778 49.41 % 55.17 % 5.11 % 39.08 %
6. ARBELLA INS GRP 5,352 5,041 31.06 % 32.19 % 4.67 % 43.75 percent
7. NATIONWIDE CORP GRP 4,489 4,559 40.53 percent 41.85 % 3.92 % 47.67 percent
8. AMERICAN FAMILY INS GRP 4,310 4,358 75.45 % 79.09 % 3.76 % 51.43 percent
9. ALLSTATE INS GRP 4,261 4,059 106.74 % 116.78 percent 3.72 % 55.15 %
10. TOKYO MARINE HOLDINGS INC GRP 3,922 3,866 78.35 % 83.70% 3.42 % 58.58 %
***VIEW ALL*** 114,541 109,517 50.98 % 54.11 % 100.00 % 58.58 %

Vermont

COMPANY NAME SUBSCRIBE (000) HELPFUL TIPS (000) CHANGE OF LOCATION LOSS & CONTAINMENT RATIO MARKET SHARE CUMULATIVE MARKET SHARE
1. PROGRESSIVE GRP 6,902 6,832 68.30% 71.76 percent 12.27 % 12.27 %
2. WR BERKLEY CORP GRP 6,383 6,114 39.95 % 40.47 percent 11.35 % 23.62 percent
3. TRAVELERS GRP 4,678 4,382 49.98 % 50.16 % 8.32 % 31.94 %
4. LIBERTY MUT GRP 4,219 4,438 50.69 percent 54.11 % 7.50 % 39.44 percent
5. NATIONWIDE CORP GRP 2,812 2,744 52.05 % 53.75 % 5.00 % 44.44 percent
6. MMG INS CO 2,499 2,452 24.06 % 24.50% 4.44 % 48.88 percent
7. CINCINNATI FIN GRP 2,343 2,261 15.49 percent 17.45 % 4.17 % 53.05 %
8. ZURICH INS GRP 1,803 1,743 N/A N/A 3.21 % 56.25 %
9. FRANKENMUTH GRP 1,789 1,700 15.01 % 19.21 % 3.18 % 59.44 %
10. BERKSHIRE HATHAWAY GRP 1,683 1,673 34.05 % 35.99 % 2.99 % 62.43 percent
***VIEW ALL*** 56,241 54,378 33.79 percent 35.91 percent 100.00 % 62.43 percent

Other New England Market Share reports

The following is a list of other New England market reports for selected lines of business as published in the NAIC report.

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