Texas Commercial Auto Insurance Profitability (2023)
In 2023, Commercial Auto insurers earned $5.6B in premiums in Texas and ran a 79.1% loss ratio — the 8th-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.
Nationally, Commercial Auto ran a 74.4% loss ratio in 2023, so Texas is above 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 Texas commercial auto rates up and thin the field of carriers competing for the business; a lower one signals a more profitable, more competitive market. With a 17.3% underwriting loss, Texas carriers relied on investment income to make the line work in 2023 — a sign of rate pressure ahead. Counting investment income, carriers earned a -6.7% profit on commercial auto insurance transactions in Texas 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.
Texas's $5.6B in commercial auto premiums is the 2nd-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; Texas's 79.1% places it 8th 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, Texas is about 13.6% of the $40.9B national commercial auto market, and its loss-ratio rank places it in the toughest quartile of states for carrier profitability — context that shapes how aggressively carriers compete for Texas commercial auto business.
Key takeaways
- Texas commercial auto: $5.6B in 2023 premiums at a 79.1% loss ratio (NAIC).
- That ranks Texas 8th of 51 states by loss ratio for the line — carriers struggle here.
- 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 Texas
See recent Texas rate filings on the Texas 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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