--- title: How Are Leading Auto Insurance Companies Still Gaining Market Share? description: How Are Leading Auto Insurance Companies Still Gaining Market Share? image: https://dealerpolicy-3811296.hs-sites.com/hubfs/Landing%20Page%20Images/auto%20insurance%20company%20marketshare.jpeg --- [![DealerPolicy](https://dealerpolicy-3811296.hs-sites.com/hs-fs/hubfs/DP_Logo_Horizontal_2Color_Charcoal_RGB-1.png?width=1648&height=129&name=DP_Logo_Horizontal_2Color_Charcoal_RGB-1.png "DealerPolicy")](https://dealerpolicy-3811296.hs-sites.com/) [![DealerPolicy Insurance](https://dealerpolicy-3811296.hs-sites.com/hs-fs/hubfs/Logos/Dealer%20Policy%20Logo/Horizontal%20Red%20and%20Grey_TM.png?width=383&name=Horizontal%20Red%20and%20Grey_TM.png)](https://dealerpolicy-3811296.hs-sites.com/dealerpolicyinsuranceagency) [Login](https://app.dealerpolicy.com/) [![Raise my F&I Gross](https://no-cache.hubspot.com/cta/default/3811296/532ab2c1-7ae1-495a-8d7e-e8c317fdae6a.png)](https://cta-redirect.hubspot.com/cta/redirect/3811296/532ab2c1-7ae1-495a-8d7e-e8c317fdae6a) [Login](https://app.dealerpolicy.com/) [![Raise my F&I Gross](https://no-cache.hubspot.com/cta/default/3811296/532ab2c1-7ae1-495a-8d7e-e8c317fdae6a.png)](https://cta-redirect.hubspot.com/cta/redirect/3811296/532ab2c1-7ae1-495a-8d7e-e8c317fdae6a) Posted on: January 17, 2019 # How Are Leading Auto Insurance Companies Still Gaining Market Share? Posted by: [DealerPolicy](https://dealerpolicy-3811296.hs-sites.com/blog/author/dealerpolicy) Share this: [mailto:?subject=Check%20out%20https://dealerpolicy-3811296.hs-sites.com/blog/auto-insurance-company-marketshare](mailto:?subject=Check%20out%20https://dealerpolicy-3811296.hs-sites.com/blog/auto-insurance-company-marketshare) ![auto insurance company marketshare](https://dealerpolicy-3811296.hs-sites.com/hs-fs/hubfs/Landing%20Page%20Images/auto%20insurance%20company%20marketshare.jpeg?width=1000&name=auto%20insurance%20company%20marketshare.jpeg) A few short decades ago, the only players in the auto insurance industry were the insurance companies themselves. Over the last few years, however, many insurance-adjacent tech startups have been cropping up, offering everything from driver safety monitoring systems to [insurance quote comparison](https://www.dealerpolicy.com/) tools. These innovations have dramatically altered the market dynamic, and the insurance providers that have thrived are the ones that continually adapt to changing technological advances. Take **Progressive Auto**, for instance. When *Fortune *ranked Progressive among its “Best Places to Work,” the publication noted the company’s “startup” vibe, which includes “hackathons and an innovation ‘garage’ that functions as an employee-run think tank and experimental lab.” This adaptive, agile approach has earned the 81-year-old insurance company a 50% stock value increase, a doubling in profits, a faster sales growth rate than Apple and Microsoft, and the distinction of third-largest auto insurer in the nation. Large insurance carriers can learn a thing or two from **Progressive Auto** about keeping up with modern technology. [A *Fortune *profile](http://fortune.com/2018/11/15/progressive-insurance-ceo-tricia-griffith/) on CEO Tricia Griffith highlighted the executive’s push for A.I.-powered technology. Last year, she helped Progressive roll out a mobile app for [Snapshot](https://www.progressive.com/auto/discounts/snapshot/), the company’s usage-based insurance program that determines insurance premiums based on a person’s individual driving style. Since the app launched, the company has collected more than 1.5 billion miles of driving data. True to its innovative nature, Progressive used that data to create an algorithm that measures distracted driving based on variables like handheld phone use and frequency of talking. As *Fortune *author Aric Jenkins notes, the auto insurance industry is “relatively staid and stable.” If insurance companies want to continue growing market share, they need leaders like Griffith, who are willing to take risks and partner with today’s leading technology startups and in-house talent. “The world is changing, so we have to change with it,” said Griffiths.   [![Horizontal CTA | 2019 Auto Dealership Income 2019 Ebook - NB UPDATED](https://no-cache.hubspot.com/cta/default/3811296/95620791-9d47-4606-bb1f-a2f58d0883be.png)](https://cta-redirect.hubspot.com/cta/redirect/3811296/95620791-9d47-4606-bb1f-a2f58d0883be) Topic(s): ## [DealerPolicy](https://dealerpolicy-3811296.hs-sites.com/blog/author/dealerpolicy) ## Recent Posts [ Posted on February 24, 2022 By DealerPolicy Polly Delivers First Personalized Insurance Enrollment Integrated Into The Auto Retail Experience ](https://dealerpolicy-3811296.hs-sites.com/blog/polly-announces-dealer-com-integration) [ Posted on January 11, 2022 By DealerPolicy DealerPolicy Announces New Strategic Partnership with APCO Holdings ](https://dealerpolicy-3811296.hs-sites.com/blog/dealerpolicy-announces-new-strategic-partnership-with-apco-holdings) [ Posted on December 21, 2021 By DealerPolicy DealerPolicy Appoints Insurance Industry Veteran Tom Super as Head of Agency Solutions ](https://dealerpolicy-3811296.hs-sites.com/blog/dealerpolicy-appoints-insurance-industry-veteran-tom-super-as-head-of-agency-solutions) ## Subscribe to our blog. ## Contact DealerPolicy [** sales@dealerpolicy.com](mailto:sales@dealerpolicy.com) [** 1.800.564.0900](tel:18005640900) ## Company [For Automotive Retailers](https://dealerpolicy-3811296.hs-sites.com/for-dealerships) [For Insurance Carriers](https://dealerpolicy-3811296.hs-sites.com/for-carriers) [Leadership Team](https://dealerpolicy-3811296.hs-sites.com/leadership) [Newsroom](https://dealerpolicy-3811296.hs-sites.com/blog/tag/newsroom) ## Our Blog [Blog Home](https://www.dealerpolicy.com/blog) [F&I](https://www.dealerpolicy.com/blog/tag/fi) [Digital Retailing](https://www.dealerpolicy.com/blog/tag/digital-retailing) [Newsroom](https://www.dealerpolicy.com/blog/tag/newsroom) ## Learn More [Contact Us](https://dealerpolicy-3811296.hs-sites.com/contact-us) [Careers](https://dealerpolicy-3811296.hs-sites.com/careers) [Login](https://app.dealerpolicy.com/) [DealerPolicy Insurance](https://www.dealerpolicyinsurance.com) [![Book a Demo](https://no-cache.hubspot.com/cta/default/3811296/d13752e9-bd0e-48e0-a4d3-0ee4b23f21e8.png)](https://cta-redirect.hubspot.com/cta/redirect/3811296/d13752e9-bd0e-48e0-a4d3-0ee4b23f21e8) DealerPolicy Insurance Agency is a licensed agency and a wholly owned subsidiary of DealerPolicy. 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