Shopping for auto insurance is generally thought of as an easy process. That is until the person shopping begins to realize how many companies there are to choose from. There are a ton of auto insurance companies in the U.S. to shop with but some, like Amica Auto Insurance, stand out among the rest.
In this article, we’ll discuss Amica Auto Insurance in general. We’ll talk about the products they offer (we’ll focus on auto insurance), we’ll look at the company’s financial status, find out what customers are saying about them, and then compare Amica with other highly-rated carriers who all want your business.
Note: We are not Amica Mutual Insurance Company. If you need to contact a representative at Amica, you can call them at (800) 242-6422 24 a day or you can visit their website and use the “live chat” feature.
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About Amica Auto Insurance
Amica prides itself on being the oldest mutual car insurer in the U.S. The company has vast experience with other personal lines as well like home insurance, boat insurance, personal umbrella insurance, and life insurance.
Amica was founded in 1907 and currently are headquartered in Lincoln, RI. During the company’s century of growth, they have established themselves as a leading auto insurer while adhering to a well-established mission statement:
Our mission is to create peace of mind and build enduring relationships.
It’s easy to see how Amica continually to gather accolades for service and satisfaction when the company’s mission is based on building enduring relationships rather than just taking orders for car insurance.
Additionally, it’s important to note that Amica is a mutual insurance company rather than a publicly held company which means the company is owned by its policyholders and does not answer to Wall Street.
Amica Mutual’s Financial Stability
Almost every auto insurance shopper agrees that low rates are what drives people to a particular insurance company. But the problem with putting “low rates” first is that often, the companies who sell cheap car insurance earn lower consumer ratings than companies who focus on customer service and financial stability.
Let’s face it, what difference does it make if you’ve got the lowest car insurance rates possible if your insurance company drags its feet on paying a claim or is suffering financially and does everything possible to not pay a claim at all?
Companies like Amica get very high financial ratings because they are in business to stay in business and to do that, your balance sheet must be pristine.Here are the current ratings for Amica Auto Insurance:
|A.M. Best||A+ Superior|
|J.D. Power Claims Service Rating||887 out of 1,000|
|Better Business Bureau||A+|
|Consumer Reports||96 out of 100|
Amica Mutual’s Product List
Amica is more than just an auto insurer. In fact, when it comes to personal lines, Amica has a comprehensive product list which helps them be your one-stop-shop insurance company.
By offering other insurance products that most people will need, shoppers will easily qualify for a multi-policy discount with Amica. For example, if an insured also purchases home insurance, they will qualify for a discount on both auto and home insurance.
The company is currently offering the following personal line products at competitive rates:
- Auto Insurance
- Home Insurance
- Renters and Condo Insurance
- Boat Insurance
- Motorcycle Insurance
- Personal Umbrella Insurance
- Small Business Coverage
- Life Insurance
- Wedding and Event Coverage
Amica Auto Insurance
Auto insurance from Amica can fit into the budget of young drivers, older married couples, and even drivers whose records are tarnished.
The company uses the Personal Auto Policy (PAP) form which is a package of insurance coverages that an applicant can pick and choose from based on their circumstances and monthly budget.Here are the traditional coverages that Amica Auto Insurance offers:
|Bodily Injury Liability||Pays for injuries to other drivers or passengers in an at-fault accident subject to the limits in the policy.|
|Property Damage Liability||Pays for repairs or replacement of another person's vehicle or property during an at-fault accident subject to the limits of the policy.|
|Medical Payments||Medical Payments covers medical expenses for you and other passengers in your vehicle in an accident no matter who's at fault. This coverage will even cover you for injuries sustained in another person's vehicle or as a pedestrian up to the limit in the policy.|
|Personal Injury Protection (PIP)||PIP covers the driver, all passengers, or a pedestrian involved in an accident no matter who's at fault. PIP helps pay for medical expenses, lost wages, loss of services, and funeral expenses up to the policy limits. This coverage is typically mandatory in "no-fault" states.|
|Uninsured/Underinsured Motorist||Uninsured/Underinsured motorist covers your medical expenses if the other driver (at-fault) is uninsured or underinsured. Some states also allow uninsured/underinsured property damage that covers your vehicle as well.|
|Comprehensive Coverage||Comprehensive coverage pays to repair or replace your vehicle after a non-collision event such as fire, vandalism, theft, or acts of nature subject to your deductible.|
|Collision Coverage||Collision coverage pays to repair or replace your vehicle after an accident that involves another vehicle or object subject to your deductible.|
|Emergency Roadside Assistance||Roadside assistance is available if you are locked out of your vehicle or required roadside assistance like a tire change or fuel for an empty tank. Your coverage for each event is subject to the limit you purchased on your policy.|
|Rental Reimbursement||Rental reimbursement helps pay for rental expenses if you are in an at-fault accident or|
hit by an uninsured driver. Most policies will have a limit per-day and per-accident.
Additionally, Amica gives applicants the option of purchasing additional coverages to broaden the policy:
|Optional Coverage||Coverage Benefit|
|Full Glass Coverage||Pays complete glass repair or replacement without a deductible required.|
|Roadside Assistance||Covers the cost of services like flat-tire repair, fuel delivery, locksmith, towing, and jump start.|
|Rental Reimbursement||Coverage the cost of a rental car while your car is under repair due to an accident. Daily limits apply.|
|Platinum Choice Auto®||This is a package of benefits that include accident forgiveness, identity fraud monitoring, and prestige rental coverage.|
How Amica Auto Insurance Compares with Others
Although customer service and claims service is vitally important in the decision-making process, it’s critical that insurance shoppers find car insurance rates that they can afford.
Auto insurance companies calculate your insurance rates by taking into consideration various underwriting data about the vehicle(s) you want to insure and the driver(s) that you need listed on your policy. Without this information, it’s impossible to make an apple- to- apple comparison.
We can, however, provide an indication based on national averages how Amica Auto Insurance compares with its primary competitors in the marketplace.Here’s what we found:
|Insurance Company||22-year-old Male||25-year-old Female||28-year-old Married Couple|
What Amica’s Customers are Saying
It’s always a good move the check out what a company’s current and former customers are saying about their insurance company. Feedback should play a part in your decision-making process:
- NerdWallet – 4.5 out of 5 stars
- ValuePenguin – 4.5 out 5 stars
- Better Business Bureau – A+
- Yelp – 3 out 5 Stars (134 reviews)
- D. Power – 4 out of 5 stars for Overall Satisfaction
The Bottom Line