South Carolina Commercial Auto Insurance Profitability (2023)

In 2023, Commercial Auto insurers earned $654.8M in premiums in South Carolina and ran a 74.0% loss ratio — the 11th-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.

South Carolina loss ratio

74.0%

≈ national average

Premiums earned

$654.8M

Underwriting profit

-9.9%

Nationally, Commercial Auto ran a 74.4% loss ratio in 2023, so South Carolina is in line with the national average. See how every state compares on the Commercial Auto market page.

Getting Commercial Auto coverage in South Carolina

See recent South Carolina rate filings on the South Carolina 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.