Industry database / Private Passenger Auto Liability
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Private Passenger Auto Liability

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Ledger-supported line of business

Auto insurance provides drivers and passengers financial protection from accidents or other vehicle-related accidental occurrences. It is a legal contract between the policyholder and insurer indemnifying against listed perils and risks within the specified policy term and coverage limits. Each state sets their own auto insurance laws, but most require a minimum level of auto insurance coverage. Vehicle owners frequently purchase auto coverages beyond the minimum amount set by the state. The premium vehicle owners pay to insurers to be insured reflects the policy’s level of coverage and risk factors.

U.S. market size
$147B
Loss ratio
69.76%

Top 10 Private Passenger Auto Liability writers

RankCompanyPremium EarnedIncurred Accident Year Loss Ratio
1
State Farm State Farm
$23B71.3%
2
Progressive Progressive
$22B61.5%
3
Berkshire Hathaway Inc. Berkshire Hathaway Inc.
$22B80.6%
4
Allstate Corp Allstate Corp
$14B67.8%
5
USAA USAA
$8.7B77%
6
Liberty Mutual Liberty Mutual
$7.4B69.1%
7
Farmers Insurance Farmers Insurance
$5.3B63.4%
8
American Family Insurance American Family Insurance
$3.5B65.5%
9
Travelers Travelers
$3.4B64.6%
10
Nationwide Nationwide
$3.2B65.4%

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