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Auto insurance

20 insurers with the largest private passenger auto market share

ByDigital Insurance Staff
May 28, 2024 5:30 AM
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The top five insurance companies in the ranking have an average private passenger auto market share of 12.5% as of December 31, 2023.

The combined direct premiums written by the top five was more than $197 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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The Hanover Insurance Group ranked 20th with a market share of 0.46%.
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Sentry ranked 19th with a market share of 0.49%.
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The Hartford ranked 18th with a market share of 0.67%.
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Auto Club Group Michigan ranked 17th with a market share of 0.71%.
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Mercury Insurance ranked 16th with a market share of 0.89%.
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Kemper ranked 15th with a market share of 0.93%.
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CSAA ranked 14th with a market share of 1.21%.
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Erie Insurance tied for 12th with a market share of 1.34%.
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Auto-Owners Insurance tied for 12th with a market share of 1.34%.
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Auto Club Enterprises ranked 11th with a market share of 1.53%.
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Nationwide ranked 10th with a market share of 1.71%.
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Travelers ranked 9th with a market share of 2.08%.
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American Family Insurance ranked 8th with a market share of 2.14%.
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Farmers Insurance ranked 7th with a market share of 4.18%.
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Liberty Mutual Insurance ranked 6th with a market share of 4.20%.
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USAA ranked 5th with a market share of 6.27%.
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Allstate ranked 4th with a market share of 10.37%.
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Berkshire Hathaway ranked 3rd with a market share of 12.31%.
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Progressive ranked 2nd with a market share of 15.24%.
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State Farm ranked 1st with a market share of 18.31%.
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