New York Commercial Auto Insurance Profitability (2023)

In 2023, Commercial Auto insurers earned $3.1B in premiums in New York and ran a 92.0% loss ratio — the 3rd-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 York loss ratio

92.0%

17.6% above national

Premiums earned

$3.1B

Underwriting profit

-34.0%

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

Getting Commercial Auto coverage in New York

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

Compare New York Commercial Auto Quotes →

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