Amica Insurance Review: Auto, Homeowners, Renters, Pet and Life Insurance – Business Insider

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Bottom line: Amica offers auto, homeowners, renters, pet, and life insurance. It’s been around since 1907, making it the oldest auto insurance carrier in the US. Amica is known for high customer satisfaction in homeowners and auto insurance but does not rank for life insurance. 

Amica insurance pros and cons

Amica auto insurance review

Amica was founded by A.T. Vigneron in 1907, making it the oldest automotive insurer in the US.

Amica ranks #4 in J.D. Power’s auto claims satisfaction survey. It has a wide array of discount opportunities so that you can save on your premiums. Amica also offers multiple student discounts and vehicle safety discounts. Like most carriers, Amica provides discounts for bundling your

auto insurance

with other insurance products.

There are four types of insurance coverage: liability insurance (required by most states), comprehensive, collision, and full car coverage. Your lender may require comprehensive and collision coverage if you lease or finance your car.

The difference between the various coverage types is outlined in the table below:

Amica auto insurance features and discounts

Loyalty discount — Receive a discount if you’ve had an auto insurance policy with any carrier for at least two years. Homeownership discount — Get a discount if you own a home.Multi-policy discount — Receive up to 30% off your policy when you combine your auto insurance with other insurance products.Multi-car discount — Get up to 25% when you insure two or more cars. Young driver training discount — Receive a discount if you’re under 21 and have completed an approved driver training program. Good student discount — Get a discount if you are a high school or college student, age 15 to 25, with a “B” average or higher.Student away at school discount — Receive a discount if you have a full-time student included on your policy, away at school, and left their car at home. Legacy discount — Get a discount if you’re under 30 and have parents on an auto policy with Amica for at least 5 years. Accident-free discount — Recieve a discount if you’ve been claim-free for three years. Defensive driver training discount — Get a discount if you’ve taken an approved driver safety course. Anti-theft — Get a discount for installing your vehicle with anti-theft devicesElectronic stability control — Receive a discount if your vehicle has electronic stability control. Passive restraints — Get a discount if your vehicle is equipped with passive restraints like airbags. Forward-collision warning — Receive a discount if your car has collision avoidance.Adaptive headlights — Get a discount if your car has adaptive headlights.Pay in full discount — Recieve a discount if you pay your entire policy upfront. Autopay  — Get a discount if you enroll in autopay. Paperless discount — Get a discount when you sign up for electronic billing and e-delivery. 

Amica homeowners insurance review

Amica ranks No.1 on J.D. Power’s homeowners insurance customer satisfaction survey. It’s also on Insider’s top pick for best homeowners insurance.

Amica offers homeowners, condo, and renters insurance. It also offers flood insurance. Amica gives customers home safety, loyalty, and bundling discounts and offers policies that pay dividends on payments you’ve made on your insurance. 

Homeowners insurance protects your dwelling, personal belongings, and offers personal liability coverage for injuries that happen on your property. Standard homeowners insurance looks like the table below, but coverage varies depending on your provider:

*Available as add-on coverage if not part of policy

**Flood insurance is available through the NFIP and approved insurers

***If you live in hurricane or tornado areas, additional windstorm rider may be required

Amica homeowners insurance discounts and features

Loyalty discount — Receive a discount if you’ve had an auto insurance policy with any carrier for at least two years. Multi-policy discount — Receive up to 30% off your policy when you combine your auto insurance with other insurance products.Claim free discount — Recieve a discount if you’ve been claim-free for three years. Autopay — Get a discount if you enroll in autopay. Paperless discount — Get a discount when you sign up for electronic billing and e- delivery. Alarm system discount — Get a discount for a home with burglar alarms, sprinkler systems, or fire alarms. Automatic detection devices discount — Receive a discount if your home has a temperature monitoring system and if you have a water or gas leak detection system installed. New/remodeled home credit — Get credit for your new or remodeled home. Home insurance dividends — Amica offers a dividend policy to return a portion of the money to you that you’ve already paid towards your policy.

Amica renters insurance review

Amica doesn’t rank in J.D. Power’s renters insurance customer satisfaction survey. 

According to the Insurance Information Institute, the average annual premium for renters insurance is $179. Amica starts at $4 per week or $208 per month, making it a pricier option for renters insurance customers.  

Amica offers discounts for bundling your renters and car policy. It offers additional savings for loyalty, autopay, and going paperless.

Renters insurance will cover your personal property in the event of damage and theft. Your landlord is responsible for insuring the building and structure. A renters insurance policy has three main parts: personal property coverage, personal liability coverage, and “loss of use” coverage.

Personal property covers lost, damaged, or stolen belongings. Personal liability protects you if your pet injuries a guest, if someone is injured in your unit, or if you are sued for damages. “Loss of use” coverage assists you with relocation costs if your rental becomes unlivable due to damage.

*Available as add-on coverage

**Flood insurance is separate coverage

Data from Hippo Insurance

Amica renters insurance discounts

Loyalty discount — Receive a discount if you’ve had an auto insurance policy with any carrier for at least two years. Multi-policy discount — Receive up to 30% off your policy when you combine your auto insurance with other insurance products.Claim free discount — Recieve a discount if you’ve been claim-free for three years. Autopay — Get a discount if you enroll in autopay. Paperless discount — Get a discount when you sign up for electronic billing and e- delivery. 

Amica life insurance review

Pros

Offers level term and whole life policy
Discount and bundling oppurtunities
Available in all 50 states

Cons

Limited add-on coverage options
No universal policies

Amica life insurance didn’t rank in J.D. Power’s life insurance customer satisfaction survey. 

Amica offers level term policies, where you can pick between 10 to 30 years, and premiums stay throughout your term. However, your rates may increase after your term is up. Amica also offers a whole life policy, where the rate stays the same throughout your life. It pays out a death benefit and accumulates cash value. 

The two types of life insurance are permanent life and term life. Term life insurance will only cover a specific period. When your policy is up, you can reapply for coverage. However, premiums will most likely increase as you age.

Permanent life insurance never expires, has a death benefit for your beneficiaries, and a cash value you can use during your lifetime. Some financial advisors recommend a combination of term and permanent life insurance.

Amica life insurance features

Level Term — A policy where you can select a 10, 15, 20, 25, or 30- year term with payments that stay the same throughout the entire period. Whole life – Type of permanent policy where rates stay the same throughout your life. It also accumulates cash value and pays out death benefits. 

Amica pet insurance review

Pros

Covers pre-existing conditions
Covers older pets

Cons

Not available in all 50 states

Amica offers accident and illness coverage, as well as accident-only coverage. Amica also covers curable pre-existing conditions if your pet is symptom and treatment-free for 12 consecutive months. 

Pet insurance usually offers two types of coverage: accident-only and accident and illness coverage. Wellness plans are usually available for additional purchase. 

Accident-only coverage only reimburses the cost of injuries your pet suffers as a result of an accident. Accident and illness policies cover both accidents and sickness or diseases your pet develops after your policy begins. No pet insurance carrier covers pre-existing conditions. 

*Curable pre-existing conditions may qualify for coverage 

Amica pet insurance features

Nose-to-tail pet insurance — Covers your dog or cat’s (non-routine) medical fees and reimburses you for 90% on your pet’s bills.Accident only — Provides coverage for accidents and prescription medication to treat covered accident/illness (covers pets 15 and older). Covers curable conditions — Covers pre-existing conditions if your pet is symptom and treatment-free for 12 months. 

 

Amica insurance vs. the competition

Amica, Erie Insurance, and American Family insurance are regional carriers that offers auto, homeowners, life, renter, and pet insurance. While Amica doesn’t rank for life insurance, it’s No.1 in homeowners insurance customer satisfaction and #4 in auto claims satisfaction.

Is Amica trustworthy?

We checked the NAIC Complaint Index for complaints against Amica Insurance. Amica has significantly more complaints filed against it compared to other top insurers.

Amica’s financial stability is strong with an A.M. Best’s rating of A+ (Superior). While Amica is a legitimate insurance provider, it’s important to do your own research to ensure that Amica is the right insurance company for you. 

Frequently asked questions

What states does Amica cover? 

Amica auto insurance is available in all states except for Hawaii. Homeowners and renters insurance is available in all states except for Alaska and Hawaii. Life insurance is available in all states. 

How do I get a quote from Amica? 

You get a quick quote from Amica’s quoting tool. You can also call 800-242-6422 to get in touch with one of Amica’s insurance agents. 

How do you make payments at Amica? 

You can make payments online — enrolling in autopay helps you avoid installment charges and you could get a discount for doing so. You can also make payments by phone by calling 800-492-6422, or by mail. 

Alani Asis

Personal Finance Reviews Fellow

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