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Auto insurance

20 insurers with the largest commercial auto market share

By Editorial Staff
June 5, 2024 5:30 AM
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The top five insurance companies in the ranking have an average commercial auto market share of 6.4% as of December 31, 2023.

The combined direct premiums written by the top five was more than $20 billion.

Scroll through to see which insurance companies are in the top 20 and how they fared through the end of December 2023.

Source: National Association of Insurance Commissioners

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Cincinnatio Financial ranked 20th with a market share of 1.37%.
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Erie Insurance ranked 19th with a market share of 1.39%.
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Sentry ranked 18th with a market share of 1.46%.
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Tokio Marine Holdings ranked 17th with a market share of 1.52%.
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Fairfax Financial tied for 15th with a market share of 1.58%.
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Selective Insurance tied for 15th with a market share of 1.58%
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American Financial Group ranked 14th with a market share of 1.63%.
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AIG ranked 13th with a market share of 1.79%.
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The Hartford ranked 12th with a market share of 1.88%.
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Chubb tied for 10th with a market share of 1.94%.
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Nationwide ranked 10th with a market share of 1.94%.
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W.R. Berkley Corporation ranked 9th with a market share of 2.13%.
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State Farm ranked 8th with a market share of 2.62%.
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Auto-Owners Insurance ranked 7th with a market share of 2.88%.
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Berkshire Hathaway ranked 6th with a market share of 3.05%.
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Zurich ranked 5th with a market share of 3.28%.
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Old Republic ranked 4th with a makret share of 3.91%.
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Liberty Mutual Insurance ranked 3rd with a market share of 4.24%.
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Travelers ranked 2nd with a market share of 5.38%.
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Progressive ranked 1st with a market share of 15.18%.
Editorial Staff
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