As technology continues to advance, the cars of today are lightyears beyond their counterparts from just 10 yearsago. As cars have become expensive, so too has the averagepremium paid for auto insurance in the U.S.
While the market for auto insurance is filled with competingcompanies, select companies enjoy an impressive hold over themarket. But who's leading the pack when it comes to privatepassenger auto insurance?
The National Association of InsuranceCommissioners (NAIC) has released a review of themarket share for private passenger auto insurance in 2017. Directpremiums written among the top 25 companies totaled close to$231 billion. The report is based on filings received by March 26,2018, when an estimated 97.7% of property & casualtyfilings were received.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
