Amica, based in Rhode Island, started in early nineties as the Automobile Mutual Insurance Company of America. It then expanded into various forms of insurance and financial products and changed its name to Amica Mutual Insurance Co. Amica now has three subsidiaries that provide insurance for automobiles, houses, life, renters, condominiums, boats, motorcycles, personal liability, and companies.
Based on experts, Amica might be a great alternative for drivers seeking comprehensive coverage. Amica house insurance provides detailed coverage options and excelled in customer service, gaining second place in the J.D. Power 2023 U.S. house Insurance Study. However, the company’s Amica Insurance Review 2024 suffered since its average premiums were higher than expected.
Amica Insurance Review 2024
- It is ranked 2nd among the best homeowners insurance providers. Alarm systems, protection devices, multi-policy, claims-free, loyalty, and autopay are all examples of discounts that may help you save money. You’ll find all of the typical coverages here, including habitation, personal property, loss of use, personal liability, and guest medical coverage. Amica is the lowest of the top-rated homes insurance providers.
- It also provides a Platinum Choice insurance, which includes everything in the regular policy as well as enhancements such as replacement cost coverage, water backup, and greater limits for jewelry, credit cards, personal liability, and guest medical expenses.
- If you live in Alaska or Hawaii, you will be unable to obtain a homes coverage via this firm. If you do not have the Platinum Choice Home coverage, you will have to pay more for benefits like as water backup and home and personal item replacement.
- You can also pick a dividend-paying plan. Amica does not guarantee dividend payments, although according to its website, they are typically between 5-20% of your yearly premiums.
Amica car insurance cost
According to experts, the AAC of vehicle insurance in 2024 for a full coverage policy is USD 2,348. A minimal annual coverage insurance costs $639. Amica vehicle insurance costs an average of USD 2,894 for full coverage and $738 for minimal coverage. Auto insurance companies compute your rate using a variety of rating elements, one of which is your driving history.
Companies, however, assign varying weights to each sort of occurrence. For example, if you are at fault in an accident or get a speeding citation, you will normally pay extra for your auto insurance. It’s crucial to note that not all companies will provide coverage to drivers with major crimes on their record, like as a DUI.
Amica’s Claims Handling
Amica is top-rated homes insurer for claims processing, with a 4.8 out of 5 score. The average company rating in this category is 4.1. Just over 63% of our poll respondents indicated they were entirely pleased with the convenience of submitting a claim with the insurance, with only Nationwide having a greater proportion. In addition, 74% reported they were satisfied or fully happy with how their issue was settled.
According to three years of statistics from the National Association of Insurance Commissioners, Amica received much fewer home insurance complaints to state regulators than was expected given its size. (NAIC house insurance complaints also apply to other types of home insurance policies, such as mobile home, renters, and condominium insurance.)
Amica’s Customer Service/Loyalty
- Amica is fifth on this list of the best home insurance companies for customer service, with a score of 4.1 out of 5 – the average for firms in that category. On average, 75% of survey respondents indicated they were happy or fully satisfied with the convenience of obtaining an insurance from the provider. However, a somewhat larger number, little over 59%, assigned the same rating to the actual service given.
- Amica is ranked second in our customer loyalty rating, with a score of 4.6 out of 5; the rating average is 4.2. Almost 97% of poll respondents indicated they were likely or very likely to renew their homeowners insurance, with slightly more than 53% stating they were extremely likely to renew.
Everything You Need to Know
Amica does provide a great overall product, including two different homeowners insurance policies and the chance to earn profits. It is both the cheapest homeowners insurance provider in our rating and the one with the best claims handling record. Amica is in the centre of our customer service ratings and on the lower end of perceived value.
Amica is one of top home insurance carriers, thanks to its high customer satisfaction and diverse coverage options. Amica also provides savings for paperless invoicing and automated payments, which are reasonably simple to achieve.
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