Virginia Commercial Auto Insurance Profitability (2023)

In 2023, Commercial Auto insurers earned $837.3M in premiums in Virginia and ran a 59.3% loss ratio — the 37th-highest of 51 states (one of the lowest loss ratio for the line).

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

Virginia loss ratio

59.3%

15.1% below national

Premiums earned

$837.3M

Underwriting profit

7.7%

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

Getting Commercial Auto coverage in Virginia

See recent Virginia rate filings on the Virginia 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.