Disclaimer: We are not Amica Car Insurance Company. This Amica Car Insurance Review is designed to bring you information to help you make an informed decision about purchasing car insurance coverage.
The Amica Car Insurance Review is roughly a 7-min read.
Amica Mutual Insurance Company is the oldest and longest-standing mutual insurance company offering auto insurance in the United States.
In our full review of Amica Mutual Insurance Company, we will hit on topics including car insurance coverages offered, discounts available and the pros and cons of working with Amica car insurance.
We have also provided navigational links directly below that will allow you to skip to any specific section of this post that you need/want further information about:
- Our Amica Mutual Car Insurance Review
- Amica Mutual Car Insurance History and Background
- Amica Car Insurance Financial Strength
- Amica Car Insurance Company BBB Ratings and Complaints
- Amica Car Insurance Coverage Options
- What Makes Amica Car Insurance Unique?
- Dividends With Amica Mutual Car Insurance Company
- Discounts Available with Amica Car Insurance
- Cost of Amica Car Insurance
- Who Should Consider Amica Car Insurance?
- Rideshare Coverage with Amica Mutual Insurance Co.
- Pros of Choosing Amica Car Insurance Company
- Cons of Choosing Amica Car Insurance Company
- Final Thoughts on Amica Car Insurance Company
We also wanted to make sure that we provided a quick summary of Amica Mutual Car Insurance Company for anyone here that is in a hurry.
Here is that brief overview for you.
Amica is one of the highest-rated car insurance companies in the country when it comes to customer service and customer satisfaction.
Additionally, Amica is known to be a fierce competitor when it comes to pricing, offering one of the cheapest rates for car insurance rates in the country.
Amica also has some of the most generous discounts to help save additional money on coverage.
On the flip side, Amica doesn’t necessarily have the best online or technology-driven platforms.
If you are in the market to find the cheapest car insurance with excellent perks and customer service, Amica is a company worth running a car insurance quote with.
No question about it.
That was the fast summary of Amica Car Insurance.
If you have a few minutes to spare and need further information, we recommend reading further below and checking out our full review on Amica.
Here are the details.
Our Amica Mutual Car Insurance Review
Amica is known for offering a variety of different insurance coverages including auto insurance, homeowner’s insurance, and life insurance.
Amica is primarily known for its top-notch customer service and customer satisfaction in addition to including excellent free perks that come included with your basic car insurance coverages.
Amica is also known for offering almost unbeatable rates on car insurance coverage which little to no car insurance companies can compete with.
It’s been said that other car insurance companies such as Geico are the only companies that can give Amica a run for its money when it comes to finding the most affordable car insurance in your area.
Here’s how it all began for Amica Mutual Car Insurance Company.
Amica Mutual Car Insurance History and Background
Amica was initially founded in 1907 by A.T. Vigneron in Rhode Island where it remains a mutual car insurance company offering the lines of insurance we discussed previously.
Initially, when Amica was founded, they only offered auto insurance, fire insurance, and theft insurance.
Since it’s humble beginnings, Amica has expanded into the primary lines that they offer today such as auto, home, and life insurance coverage.
It wasn’t until 1941 that Amica opened its first branch office which was in Boston, Massachusetts and now has an additional 43 branch offices located Nationwide.
In 1956, Amica added boat (marine) insurance in addition to umbrella insurance to their offerings in addition to homeowner’s insurance coverage.
In 1994, Amica moved its corporate headquarters back to Providence Rhode Island to provide for a larger campus.
2007 was Amica’s 100 Year Anniversary, and as of 2019, Amica has officially been offering insurance coverage to consumers for 112 years.
Not a small accomplishment by any means.
Amica Car Insurance Financial Strength
Financial strength ratings are nothing that Amica needs to worry about.
Currently, as of 1/24/2019 Amica is being rated as an A+ (Superior) by A.M. Best and currently has total assets in access of 5.4 billion dollars and more than 1.6 million policyholders.
Amica has also had three additional subsidiaries that include the following:
Amica Life Insurance Company- Subsidiaries of Amica directly offering life insurance and annuity products in addition to a few health and specialty products.
Amica Property and Casualty- Subsidiary providing auto insurance to select states in the U.S.
Amica General Agency LLC- Subsidiary of Amica that offers specialty insurance products to Amica consumers since 1987.
Amica Car Insurance Company BBB Ratings and Complaints
Customer satisfaction is something that Amica takes extremely seriously.
They are consistently recognized for having some of the best service and customer satisfaction in the industry for both car insurance coverage and homeowner’s coverage according to insurance customer satisfaction surveys published by a leading consumer publication.
According to the BBB, Amica is being provided the highest rating possible with an A+ rating and had a less than average amount of complaints filed by consumers for typical issues such as billing, products, and claims.
If customer service is something you put at the top of your priority list when purchasing car insurance, Amica may be one of the best options for car insurance coverage you can find.
Amica Car Insurance Coverage Options
When it comes to coverages offered, Amica is going to offer the same coverages you will find with many other major car insurance providers in the country.
Here’s a look at those basic car insurance coverages:
- Liability Coverage
- Medical Expenses
- Uninsured Motorist Coverage
- Comprehensive Coverage
- Collision Coverage
In addition to these coverage options with Amica, you also have some secondary car insurance coverage options in addition to some unique perks included with the basic car insurance coverage.
Here’s a look at those:
Glass Coverage- This coverage comes included with your comprehensive coverage with Amica.
It helps to avoid replacing windshields or other glass breaks without requiring a deductible.
Roadside Assistance Coverage- This will cover all towing and labor charges that can be incurred for items such as flat tires, dead batteries or other mechanical breakdowns.
Rental Reimbursement Coverage- If you are involved in an auto accident, Amica will cover all charges incurred for needing a rental vehicle while waiting for your primary vehicle to be replaced or repaired.
Prestige Rental Coverage- This coverage with Amica is going to allow up to 5,000 towards a comparable vehicle for you rent while your car is being repaired.
This coverage can continue to be used until your car is repaired or until you have hit the maximum of 5,000 in coverage used.
Identity Fraud Monitoring
The other additional perks you can enjoy with Amica auto insurance that you don’t find with many other car insurance companies would include the following:
- Free Lock Replacement for Lost Keys
- Free Repair of All Glass Breaks or Damage
- Free Replacement for Deployed Air Bags
- No Depreciation for Vehicles When Totaled In An Accident
- Lost Income Replacement if Accidents Result in Injury
- 1000 in Coverage to Cover Bail Bonds.
What Makes Amica Car Insurance Unique?
Amica car insurance is unique in a few ways.
First and foremost, few companies can boast that they have some of the cheapest car insurance rates in the marketplace.
Additionally, Amica is a car insurance company with outstanding customer service track records and a long-standing and stable history in the car insurance industry in general.
Dividends with Amica Mutual Car Insurance Company
Another item not to forget is that Amica is a mutual insurance company.
With Amica, your dividend payment from the company due to you being a policyholder can help you save money on your annual rates, which can range from 5-20%.
If you desire to make a switch from your current car insurance company, Amica is undoubtedly an auto insurance provider worth looking at.
Discounts Available with Amica Car Insurance
Amica does offer some discounts that can help you save money on your monthly premiums.
Here’s a look at them.
Multi-Line Discount- Allows you to bundle your insurance needs such as homeowners and car insurance to save money on your premiums.
Claim Free Discount- Requires 3 years with no claims filed but any claim involved locks or glass do not apply to this discount.
Multiple Vehicle Discount- Applied if you have more than 1 vehicle insured with Amica.
Loyalty Discount- Can be applied if you have been with Amica Auto Insurance for more than 2 years.
Paid in Full Discount- Applies if you pay your first year’s premiums before the first due date.
Auto-Payment Discount- Applied if you allow your premiums to deduct from the account automatically
E-Discount- Applied if you elect to take policy documents via online and via email opposed to through the mail.
In addition to those discounts above which would be considered “policy discounts” you can also be eligible for two other categories of discounts with Amica.
Vehicle-Related Discounts with Amica Car Insurance
- Anti-Theft Discount
- Electronic Discount
- Passive Restraint Discount
- Forward-Collision Warning Discount
- Adaptive Headlight Discount
Driver Related Discounts with Amica Car Insurance Company
- Defensive Driver Discount
- Driver Training Discount for Ages 21 and Under
- Good Student Discount
- Student Away from Home Discount
Cost of Amica Car Insurance
Compared to most car insurance companies, Amica is going to be one of the cheapest options you can choose.
Like stated previously, it’s a known fact that in most circumstances and for good drivers, Amica may be the cheapest car insurance company in the marketplace outside of Geico Car insurance company in some circumstances.
With how competitive the market can be for car insurance, you are definitely not wasting any time at least running a quote with Amica to see what kind of savings you could potentially enjoy.
Plain and simple.
Who Should Consider Amica Car Insurance?
Amica makes sense for anyone who enjoys a company with strong customer service and who has been in the industry for a long time standing.
Additionally, considering Amica is perhaps one of the best and cheapest options in the market, anyone who feels they are overpaying for car insurance would enjoy making the switch to Amica.
Rideshare Coverage with Amica Mutual Car Insurance Company
When looking through Amica’s website and checking other sources, this appears to be one of the weaknesses with Amica car insurance company.
Currently, Amica is not offering any particular car insurance for uber and lyft drivers.
If you do drive for these rideshare services, it’s imperative you speak to an agent before deciding about the best car insurance for you.
Pros of Choosing Amica Car Insurance Company
All car insurance companies will undoubtedly have unique strengths and weaknesses.
During our review of Amica car insurance, here’s what we believe to be the most significant advantages.
- Top-Notch Customer Service and Satisfaction Rankings
- Top-Notch Financial Strength Ratings
- Additional Perks with Coverage for The Top Pricing Available
Cons of Choosing Amica Car Insurance Company
On the flip side, we wanted to be sure to include what we believe to be the most significant downfall of Amica Mutual Car Insurance Company.
- Not the Most Technology Innovative Car Insurance Company
- Geico May Be Cheaper for Specific Drivers
- Limited to No Ride Share Coverage Availability
Final Thoughts on Amica Car Insurance Company
Amica is certainly a car insurance company that you should be running a quote with before purchasing car insurance with any available companies.
The fact that only Geico typically competes with their car insurance rates is a reason of its own to give them a shot at providing you with your car insurance coverage.
Ultimately, unbiased reviews such as this Amica Car insurance review and running rates with multiple car insurance companies is the only way to ensure you are getting the best possible rates for your car insurance.
May the Best Price Win.