Amica
Founded in 1907 in Providence, Rhode Island, the Automobile Mutual Insurance Co. of America (Amica) started by offering three coverages: auto, fire and theft. Roughly three decades later, Amica opened its first branch in Boston. In 1956, the insurer expanded its offerings to home, marine and personal liability excess coverage. In 2007 Amica celebrated its 100th anniversary.
Today, Amica is headquartered in Lincoln, Rhode Island, and services 1.5 million policies as of December 2020.
Amica operates in Washington, D.C., and all states except Hawaii.
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Average annual rate for good drivers:
$1,878
Average annual rate for drivers with a speeding ticket:
$1,933
Complaint level:
High
Pros
- Offers accident forgiveness, which can prevent a rate increase after an auto accident.
- Amica’s Platinum Choice policy packages together a nice group of coverage offerings, such as rental car coverage, credit monitoring and new car replacement.
- Amica received a high letter grade (B+) from collision repair professionals for its claims service.
- Offers gap insurance, which is helpful to those buying a financed or leased car.
Cons
- Average rates are higher than most when compared to top competitors.
- Amica has a higher than industry average number of complaints logged in against it with state insurance regulators. Most complaints are surrounding surcharges (rate increases) and delays in claim handling.
Details:
Grade from Collision Repair Professionals:
B+
Accident Forgiveness:
Yes
New Car Replacement:
No
Gap Insurance:
Yes
Diminishing Deductible:
No
SR-22s:
No
Usage-Based Insurance:
No
Pay-Per-Mile Insurance:
No
Discounts:
- Loyalty discount for drivers who have been with Amica for two years or more.
- Bunding discount when you combine two insurance policies such as home and auto.
- Multi-car discount when you insure more than one car with Amica.
- Young driver training discount for drivers under age 21 who complete an accredited driver training program.
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