Amica Insurance Reviews: Is it Worth Your Money Or Not?

Want to buy the best in insurance for your car and home? Amica Insurance is maybe what you are looking for. Take a look at the Amica Insurance Reviews and discover the possibilities they have to offer you.

Founded in 1907, Amica, while not the largest insurance company in the country, has 1.6 million policies. It sells more than a dozen insurance products and has great third-party reviews for customer satisfaction and financial strength.

Amica is an established insurer that offers auto insurance that can be customized with a variety of add-ons, discounts, and additional perks not available from many other insurers.

Customers who want to bundle auto and home insurance can find options with Amica and save money. However, Amica doesn’t offer great life insurance, and the company doesn’t have a lot of personal agents.

About Amica Mutual Insurance Company

Amica Mutual Insurance Company, based in Rhode Island, offers a variety of insurance types and is known for their excellent customer service. Amica offers a wide range of insurance options and a range of discounts for policyholders.

Is Amica Insurance Right For You? Take a look at our review of Amica Mutual Insurance Company below to learn more about Amica insurance policies available and overall customer satisfaction.

Amica insurance company car insurance

Amica is best known for its auto insurance offerings as it is the oldest mutual auto insurance company in the country. Amica offers a variety of discounts for additional savings.

Types of Amica insurance coverage

Amica provides all of the basic auto insurance coverage, including:

Personal liability insurance
Accident insurance
Fully comprehensive insurance
Health insurance
Insurance coverage for uninsured / underinsured drivers

Amica sells a variety of optional auto insurance policies that can fill the gaps in your basic policy and provide additional protection. Here are the options:

Protection against personal injury
gap insurance
Full glass cover
Roadside Assistance
Coverage of rental refunds
Forgiveness of accidents
Platinum Choice Auto® Package (Deductible for Glass Repair / Replacement, Credit Monitoring, New Car Replacement Insurance, Rental Car Insurance up to $5,000 per day)

Amica Insurance Company’s car Insurance costs

One of the greatest advantages of Amica car insurance is that the coverage is lower than most of the others. Amica’s average auto insurance premium is $1,378 per year for a fully comprehensive policy, based on Bankrate’s sample rates.

For comparison, the average annual cost of auto insurance in the United States is $1,674 for full insurance.

Amica Insurance company car insurance discounts

If you are looking for car insurance with good discounts, Amica might be a good option. There are many discounts available, including some unique options. Here are the auto insurance discounts you can get from Amica:

Loyalty discount: You receive a lower tariff if you have been with Amica for at least two years.
Policy Bundle Discount: Amica’s Policy Bundling Discount can help you save money when you purchase auto insurance, home, condominium, tenant, life or umbrella insurance through Amica.
Multi-car discount: Drivers can save money by insuring more than one vehicle.
Homeowner Discount: Amica lowers your price when you own a home.
Discount on Young Driver Training: Drivers under the age of 21 who have completed recognized driver training can qualify for a discount.
Good student discount: The good student discount applies to drivers between the ages of 15 and 25 who have at least a GPA “B”.
Student discount: Students who go to school outside the home and leave their car behind can save money on their insurance coverage.
Old customer discount: Drivers fewer than 30 whose parents have had car insurance with Amica for at least five years can receive a lower tariff.
Accident-free discount: If you have no claims on your file in the past three years, you can qualify for a discount.
Defensive driver training discount: Drivers who complete a recognized defensive driver training course can save money with Amica.
Safe vehicle discounts: If your car is equipped with security functions such as theft protection, collision warning system, electronic stability control or adaptive headlights, you can save money.
Payment Discounts: Amica offers discounts for the full payment of your premium, enrolling in autopay, and signing up for paperless billing statements.

Amica Insurance Company Home Insurance

Amica offers home insurance coverage with a variety of insurance options and discounts. In addition, Amica home insurance is offered as a dividend policy, which means that customers have the option of getting part of their premiums back at the end of the year.

Types of insurance

When you take out Amica home contents insurance, it includes all of the standard covers, including:

Housing insurance
Personal property insurance
Personal liability insurance
Health insurance
Loss of use insurance

In addition to basic insurance, Amica also offers a variety of optional policies known as endorsements. Here are the options you can get through Amica:

Assumption of costs for the replacement of the apartment
Cover for replacement costs for personal property
Protection of valuables
Earthquake Insurance
Flood insurance
Identity fraud costs covered
Home business coverage
Platinum Choice® Home (replacement costs for apartment and household items, computer protection, water reserve / sump pump protection, credit card protection, company property protection, extended cover for valuable items, damage reports and extended liability limits)

What does Amica Insurance Company’s home insurance cost?

The average cost of home insurance in the United States is $1,312 for a policy with a $250,000 coverage limit for residential buildings, according to data from Bankrate’s mobile operator in 2021.

Amica says its home insurance policies are on par with the national median rate, but the cost depends largely on the state, policy coverage limits, deductible, and the homeowner’s personal profile.

Amica Insurance Company Home Insurance Discounts

When it comes to discounts, Amica offers most of the standard savings offered by the major providers, as well as a few others. Here are the discounts you can get:

Loyalty discount: Customers who have been insured with Amica for at least two years can qualify for a discount.
Multi-policy discount: Policyholders can save up to 30% when they take out household contents insurance, as well as car, condominium, tenant, life or umbrella insurance through Amica.
No claims discount: Homeowners who have not had any claims in the last three years can receive a lower tariff.
Autopay Discount: You can get a lower premium by signing up for automatic payments.
Discount for electronic statements of account: Amica will reduce your tariff if you opt for electronic policy statements and invoices.
New / Remodeling Discount: If your home has been newly built or recently remodeled, you can get a discount on your insurance policy.
Alarm system discount: You can save money if your house has intrusion alarm systems, sprinkler systems or fire alarms.
Auto Detection Device Discount: Homeowners who have a temperature monitoring system, water leak or gas leak detection system in their home can get a lower price.

Amica Insurance Company Life insurance

Amica’s life insurance options are not as robust as what a large life insurance provider would offer. However, each policy includes a free incurable disease passenger, which usually costs extra.

Types of insurance

Amica offers two types of life insurance. Here’s what they each cover:

Term Life Insurance: Amica sells term life insurance for 10, 15, 20, 25 or 30 year periods with coverage of up to $5 million. It has tiered premiums, a guaranteed death benefit, and a conversion option.

A medical examination may not be required depending on your age and general health. Financial experts usually recommend term life insurance.

Life Insurance: Life insurance offers life insurance and you can get between $ 25,000 and $ 1 million or even more. It has a guaranteed death benefit, tiered premiums and a cash value component.

Amica sells three life insurance policies – Whole 20, Whole 65 and Whole 100.

Cost of Amica Insurance Company Life Insurance

Life insurance premiums are personalized based on factors such as age, gender, state, and general health. To give you a better understanding of Amica’s life insurance premiums, we received a sample offer for a 35-year-old woman who lives in Rhode Island who is generally healthy, bears no debt, and has an income of $65,000 per year.

For a 20-year term life insurance policy with $100,000 coverage, Amica quoted about $112 per year.

Amica Insurance Company Life insurance discounts

Like most life insurance companies, Amica does not offer discounts. However, you may be able to save money on your Amica car insurance if you also get life insurance with the company.

Insurance reviews from the Amica insurance company

Overall, Amica has received excellent third-party reviews from industry-leading research organizations such as J.D. Power, the National Association of Insurance Commissioners (NAIC), and AM Best.

In the US Property Claims and Auto Claims Satisfaction studies by J.D. Power in 2020, Amica took first and second place respectively. Amica also has excellent financial strength ratings from AM Best.

What are the advantages of Amica insurance company?

Excellent Customer Service Ratings: Amica scored in J.D. Power the top spot in the New England region. 1
Multiple discounts available: Amica offers a wide range of discounts on its auto insurance products, including loyalty discounts, great student discounts, savings for a great driving record, and more.
Premium coverage available: Amica offers a Platinum Choice auto coverage option with upgrades such as credit monitoring, new vehicle replacement insurance, no daily limit rental car coverage, and glass repair or replacement with no deductible.
Live chat available: Customers can get help or questions thanks to Amica’s live chat facility. To be able to use this function, you have to log into your account as an Amica customer.

What are the disadvantages of Amica insurance company?

Discounts Not Available in All States: The Amica Terms and Conditions state that “Discounts are not available in all states and may vary.”
Few local offices and no agent experience: Amica does not use agents to sell its insurance products and its physical locations are limited.
No Carpooling: Amica does not currently offer carpooling insurance, which is an important consideration if you are planning to make extra money driving for Uber or Lyft.

Conclusion

If you are in the insurance market, Amica can be a good provider. The company has excellent ratings and customer ratings, a wide variety of policies, discounts, and generally affordable premiums.

However, if you are looking for quick, personal help, Amica may not be the company for you.

References

nerdwallet.com – Amica Auto Insurance Review 2022: Pros and Cons
moneygeek.com – Amica Home Insurance Review: Pros & Cons, Ratings, & More

What is Cyber Insurance? Overview and Coverage