Auto Insurance Market Share By State
Company market share in 2018 direct premiums written in 2018.
Auto insurance market share by state. Rank groupcompany direct premiums written 1 market share 2 1. 31 2018 the landscape of personal lines auto insurance is dominated by large players with the top five insurers controlling more than 50 percent of the market and the top 10 controlling 70 percent nationally. According to the final 2018 market share report from the national association of insurance commissioners naic the top five private passenger auto insurers however increased their share to 5657 percent up 13 percent from 5583 in 2017. By the late 1990s the nonstandard market accounted for about one fifth of the total private passenger auto insurance market.
State farm geico progressive and allstate are the largest auto insurance companies. Progressive held the most market share in 4 states and american family in just 1. A 2008 conning study found that in 2006 auto insurers specializing in nonstandard private passenger auto insurance had direct premiums written of 369 billion representing 22 percent of the total. State farm mutual automobile insurance.
There are also geographical differences when it comes to the price of auto insurance. The largest car insurance companies by state. State farm is the largest insurer in 35 states and washington dc. Market share reports for the top 125 accident and health insurance companies and groups by state and countrywide combines data from all four statements to provide complete market share information for that line.
See rankings of the 50 largest auto insurance companies in the us with market share for each. National association of insurance commissioners. After state farm geico was most frequently the largest insurer taking the top market share spot in 10 states. This has held steady.
Even more interesting is the five car insurance companies which make up the bottom of the top 10 list hold a collective market share of 171 percent still less. Since 2010 the top five are up 551 points in market share a 108 percent increase from 5106. Largest auto insurance companies in. For instance the most expensive state for auto insurance in the united states was michigan.