Maryland Commercial Auto Insurance Profitability (2023)
In 2023, Commercial Auto insurers earned $739.6M in premiums in Maryland and ran a 61.1% loss ratio — the 34th-highest of 51 states (a mid-range loss ratio for the line).
Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.
Nationally, Commercial Auto ran a 74.4% loss ratio in 2023, so Maryland is below the national average. See how every state compares on the Commercial Auto market page.
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A higher loss ratio means carriers paid out more of each premium dollar in claims, which tends to push Maryland commercial auto rates up and thin the field of carriers competing for the business; a lower one signals a more profitable, more competitive market. A 7.7% underwriting profit means the line stood on its own in Maryland without leaning on investment income. Counting investment income, carriers earned a 12.5% profit on commercial auto insurance transactions in Maryland in 2023 — NAIC's broadest profitability measure for the line. Either way, these are industry aggregates — your own commercial auto rate depends on your business, and the only way to see it is to compare filed rates and real quotes.
Maryland's $740M in commercial auto premiums is the 20th-largest of the 51 states NAIC reports for the line. Across those states, loss ratios span from 99.1% in California — the toughest market for carriers — down to 40.1% in Hawaii, the most profitable; Maryland's 61.1% places it 34th of 51. For buyers, a state near the top of that spread usually means firmer commercial auto pricing and fewer competing carriers, while a state near the bottom tends to run softer and more competitive. By premium, Maryland is about 1.8% of the $40.9B national commercial auto market, and its loss-ratio rank places it in the more profitable half of states for carrier profitability — context that shapes how aggressively carriers compete for Maryland commercial auto business.
Key takeaways
- Maryland commercial auto: $740M in 2023 premiums at a 61.1% loss ratio (NAIC).
- That ranks Maryland 34th of 51 states by loss ratio for the line — a mid-pack market.
- These are industry aggregates, not a quote — your commercial auto rate depends on your business; compare filed rates and real quotes.
Getting Commercial Auto coverage in Maryland
See recent Maryland rate filings on the Maryland rate page, learn how Commercial Auto works in our Commercial Auto guide, see typical commercial auto costs, then compare real quotes for your business.
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