Progressive Tops U.S. Auto Insurance Market in 2024 with 16.4% Share

In 2024, Progressive Insurance Group reclaimed the top position in the U.S. total automobile insurance market, which includes both private passenger and commercial insurance segments. Progressive achieved a 16.4% market share, slightly surpassing State Farm Group, which held 16.2%. Progressive's direct premium written (DPW) increased by 22.2% to $70.84 billion, while State Farm's DPW rose by 17% to $69.76 billion. This shift follows the reversal in 2023 when State Farm moved ahead of Progressive, illustrating the competitive dynamics at the top tier of the U.S. auto insurance industry. The ranking and premium growth figures reflect industry trends in market share acquisition and underwriting expansion. Key competitors such as Allstate, GEICO, and USAA remain significant players in the space but did not displace the top two positions.