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You are here: Home / Research / Top 10 U.S. Auto Insurers Had Over 76% Market Share in 2022

Top 10 U.S. Auto Insurers Had Over 76% Market Share in 2022

March 30, 2023 By CollisionWeek Editor

Progressive moves into second place on the list of top 10 private passenger auto insurers. NAIC reports auto insurance premiums earned up nearly 5% in 2022.

Total direct premiums earned on private passenger auto insurance were $270.26 billion in the U.S., up 4.86% from 57.7 billion in 2021 according to final data released March 28 by the National Association of Insurance Commissioners (NAIC). In 2021, earned premiums were up 3.08%, a return to growth following the approximate $1 billion decline in 2020 due to the pandemic.

In 2020, as a result of the reduction in driving due to pandemic restrictions,

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Filed Under: Research Tagged With: Auto Insurance, National Association of Insurance Commissioners

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