Car Insurance Market Share
The top 20 insurers enjoy a 90 1 share of the.
Car insurance market share - The total direct written premium for all 52 insurers in the private passenger auto insurance marketplace in 2017 was 5 188 109 343. Rank group company direct premiums written 1 market share 2 1. Market share and direct written premium information for private auto insurance was gathered from the national association of insurance commissioners naic and s p global a financial data resource for the insurance industry.
Richard attanasio vice president of property casualty ratings for a m. 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. State farm mutual automobile insurance.
State farm has over an 80 percent greater market share than the 2nd largest car insurance company allstate and more than twice the market share of geico progressive and farmers. The total all lines market share in this publication represents total line as reported on annual statement 35 age 19 and p. Iag and suncorp s control of the market share of the home and motor vehicle sectors in particular fell from about 61 in 2009 to 57 this year.
Best notes that there are similar situations in most states. 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. We collected minimum coverage auto insurance quotes across 50 states and washington d c.
India car insurance market size market share and india car insurance market future analysis 2025 by vehicle type by type third party insurance comprehensive insurance by source insurance broker agency online by premium type competition forecast opportunities. Some more data that you might find useful in understanding the private passenger auto insurance marketplace. With greater clarification over the ogden rate providers will be more confident in their pricing strategies.
Premium and market share for this line of business.
