© 2024 Arizent. All rights reserved.
Auto insurance

20 insurers with the largest private passenger auto market share

By Digital Insurance Staff
May 28, 2024 5:30 AM
Complimentary Access Pill
Enjoy complimentary access to top ideas and insights — selected by our editors.

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

Digital Insurance_20 insurers with the largest private passenger auto market share_The_20.jpg
The Hanover Insurance Group ranked 20th with a market share of 0.46%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Sent_19.jpg
Sentry ranked 19th with a market share of 0.49%.
Digital Insurance_20 insurers with the largest private passenger auto market share_The_18.jpg
The Hartford ranked 18th with a market share of 0.67%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Auto_17.jpg
Auto Club Group Michigan ranked 17th with a market share of 0.71%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Merc_16.jpg
Mercury Insurance ranked 16th with a market share of 0.89%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Kemp_15.jpg
Kemper ranked 15th with a market share of 0.93%.
Digital Insurance_20 insurers with the largest private passenger auto market share_CSAA_14.jpg
CSAA ranked 14th with a market share of 1.21%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Erie_13.jpg
Erie Insurance tied for 12th with a market share of 1.34%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Auto_12.jpg
Auto-Owners Insurance tied for 12th with a market share of 1.34%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Auto_11.jpg
Auto Club Enterprises ranked 11th with a market share of 1.53%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Nati_10.jpg
Nationwide ranked 10th with a market share of 1.71%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Trave_9.jpg
Travelers ranked 9th with a market share of 2.08%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Ameri_8.jpg
American Family Insurance ranked 8th with a market share of 2.14%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Farme_7.jpg
Farmers Insurance ranked 7th with a market share of 4.18%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Liber_6.jpg
Liberty Mutual Insurance ranked 6th with a market share of 4.20%.
Digital Insurance_20 insurers with the largest private passenger auto market share_USAA_5.jpg
USAA ranked 5th with a market share of 6.27%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Allst_4.jpg
Allstate ranked 4th with a market share of 10.37%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Berks_3.jpg
Berkshire Hathaway ranked 3rd with a market share of 12.31%.
Digital Insurance_20 insurers with the largest private passenger auto market share_Progr_2.jpg
Progressive ranked 2nd with a market share of 15.24%.
Digital Insurance_20 insurers with the largest private passenger auto market share_State_1.jpg
State Farm ranked 1st with a market share of 18.31%.
Digital Insurance Staff
Auto insurance Insurance Claims Buying Insurance