Skip to content

TOP 50 Largest U.S. Passenger Auto Liability Insurance Companies

TOP 50 U.S. Private Passenger Auto Liability Insurers

Direct premiums written in the U.S. private passenger automobile liability market grew 13% to $162 bn. Many leading companies maintained their top 10 positions, according to AM Best. Beinsure Media analyzed the report of the rating agency and selected the most important.

Starting with the Top 25 Insurers, these companies collectively wrote direct premiums amounting to $143.8 bn.

This group experienced a 12% increase in premiums compared to the previous year, commanding an 88% share of the market.

Expanding to the Top 50 Insurers, the direct premiums written increased to $153.7 bn. Similar to the top 25, this segment also saw a 12% growth in premiums. These 50 companies collectively held a 95% market share, slightly higher than the top 25 alone, showing the dominance of these firms in the market.

The adjusted loss ratio for this group remained consistent at 77%, suggesting a uniform risk management and claims handling approach across these additional firms.

Performance of the Top insurers

TOPDirect Premiums Written, $ bnMarket Share, %
Top 25143.888
Top 50153.795
Top 100159.698
Total Industry161.9100
© A.M. Best Company, Inc. — used by permission

When considering the Top 100 Insurers, the direct premiums written reached $159.6 billion, maintaining the 12% increase in premiums. This group encompassed 98% of the market, further emphasizing the concentration of market power within the top 100 companies. The adjusted loss ratio for this group stayed steady at 77%.

Looking at the Total U.S. Private Passenger Auto Liability Insurance Industry, which includes all companies in this sector, the direct premiums written totaled $162 bn. This overall market also experienced a 12% growth in premiums.

State Farm Group led with a 17.5% market share, increasing DPW by 21.5%. Progressive Insurance Group ranked second with a 16% market share and a 22% increase in DPW.

Berkshire Hathaway Insurance, Allstate Insurance Group, and USAA followed, with market shares of 12.3%, 10.7%, and 6.2%, respectively. Liberty Mutual Insurance dropped from sixth to seventh place, experiencing a 5.8% decrease in DPW. Farmers Insurance Group rose to sixth place despite a 0.4% decline in DPW.

Top 50 Private Passenger Auto Liability Insurers by premiums

RankInsurance CompanyDirect Premiums Written, $ mnAdjusted Loss Ratios, %
1State Farm Group28,35986
2Progressive Ins Group25,64767
3Berkshire Hathaway19,93173
4Allstate Ins Group17,30484
5USAA Group9,98376
6Farmers Ins Group6,96865
7Liberty Mutual Ins Cos6,64077
8Travelers Group3,54971
9Amer Family Ins Group3,53975
10Auto Club Enterprises2,99986
11Nationwide P&C Group2,71075
12Erie Ins Group1,88190
13Auto-Owners Ins Group1,86586
14CSAA Ins Group1,85085
15Kemper PC Companies1,581101
16Mercury Casualty Group1,54371
17Hartford Ins Group1,23784
18Sentry Ins Group1,00261
19Alfa Ins Group82769
20Auto Club Group80570
21Amica Mutual Group74382
22COUNTRY Financial PC Group74071
23MAPFRE North America Group71275
24Southern Farm Bureau Cas71074
25Shelter Ins Cos67275
26NJM Ins Group65489
27Redpoint County Mutual62986
28Home State Ins Group62582
29Hanover Ins Group Prop & Cas51878
30Root Ins Group47058
31Texas Farm Bureau Ins Group46383
32Loya Ins Group45173
33Old Amer Capital Group43580
34North Carolina Farm Bureau43271
35TN Farmers Ins Cos41480
36Consumers County Mutual39885
37Chubb INA Group38678
38Cincinnati36957
39Markel Ins Group35462
40Plymouth Rock33969
41Palisades Group33273
42KY Farm Bureau Group33285
43BAMR US PC Group32673
44Safeway Ins Group30969
45First Acceptance Ins Group30857
46Farm Bureau P&C Group29494
47Grange Ins Pool29466
48Safety Group27073
49Arbella Ins Group26573
50Aspire Gen24956
© A.M. Best Company, Inc. — used by permission

This uniformity in the growth rate of premiums and stability in the adjusted loss ratios across different segments underscores a robust and steady industry performance.

The consistent loss ratio of 77% across all categories highlights effective risk management and claims processing practices, contributing to the financial health and operational stability of the U.S. Private Passenger Auto Liability Insurance market.

FAQ

What was the total direct premiums written (DPW) in the U.S. private passenger automobile liability market?

The total DPW in the U.S. private passenger auto liability market reached $162 bn, showing a 13% growth.

How did the Top 25 Insurers perform in terms of DPW and market share?

The Top 25 Insurers wrote $143.8 bn in DPW, representing an 88% market share and a 12% year-over-year increase in premiums.

What was the market share and DPW for the Top 50 Insurers?

The Top 50 Insurers generated $153.7 bn in DPW, holding a 95% market share and also reporting a 12% growth in premiums.

What is the significance of the adjusted loss ratio among the top insurers?

The adjusted loss ratio remained steady at 77% for the top 25, 50, and 100 insurers, indicating consistent risk management and claims handling practices across the industry.

Who are the leading companies in the private passenger auto liability market?

State Farm Group leads with a 17.5% market share, followed by Progressive Insurance Group at 16%. Berkshire Hathaway, Allstate, and USAA round out the top five insurers.

Which companies saw notable changes in their rankings?

Liberty Mutual dropped from sixth to seventh place with a 5.8% decrease in DPW, while Farmers Insurance Group rose to sixth despite a 0.4% decline.

What overall growth trends were observed across the U.S. private passenger auto liability market?

The industry experienced uniform growth in DPW at 12% across different insurer segments, supported by stable loss ratios, highlighting a strong, steady market performance.

………………..

Edited & Fact-checked by Oleg Parashchak – CEO Finance Media & Editor-in-Chief at Beinsure Media and Insurance TOP Ratings (23+ years of professional experience in Rankings, Insurance & Media) by AM Best Data.