Best’s News & Research Service - August 01, 2025 10:05 AM (EDT)
Best's Rankings: US Private Passenger Auto No Fault Direct Premiums Rise 3.3%
OLDWICK, N.J. //BestWire// - The industry’s U.S. private passenger automobile no fault insurance 2024 direct premiums written rose 3.3% to about $18.39 billion, according to a new Best’s Rankings report.
The top five no fault auto writers all maintained their positions from the previous year, with No. 1-placed Progressive Insurance Group's DPW rising 8.8% to $3.57 billion in 2024.
Second place Berkshire Hathaway Insurance’s DPW fell 0.7% to $3.12 billion during the year. State Farm Group stayed at No. 3 with DPW of $2.91 billion, which fell 1.6% from the prior year, according to the ranking report. Allstate Insurance Group was fourth with DPW of $1.87 billion in 2024, up 7.9%. USAA Group took the No. 5 spot with DPW of $695.69 million, an increase of 1.1%
The report measured 2024 DPW for the top 100 U.S. private passenger auto no fault writers; percent change from 2023; market share for 2022, 2023 and 2024; adjusted loss ratios for those three years; and auto DPW as a percentage of company premiums.
Subscribers can access the report and data here.
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AM Best data sourced from Best's Financial Suite, US.
(By Terrence Dopp, senior associate editor, Best’s Review: Terry.Dopp@ambest.com)