New Jersey Commercial Auto Insurance Profitability (2023)

In 2023, Commercial Auto insurers earned $2.0B in premiums in New Jersey and ran a 87.6% loss ratio — the 4th-highest of 51 states (one of the highest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

New Jersey loss ratio

87.6%

13.2% above national

Premiums earned

$2.0B

Underwriting profit

-24.4%

Nationally, Commercial Auto ran a 74.4% loss ratio in 2023, so New Jersey is above the national average. See how every state compares on the Commercial Auto market page.

Getting Commercial Auto coverage in New Jersey

See recent New Jersey rate filings on the New Jersey rate page, learn how Commercial Auto works in our Commercial Auto guide, then compare real quotes for your business.

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Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.