Auto, Homeowners, Renters, Pet and Life Insurance

Sara G. Norris

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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 homeowners insurance review


JD Power Customer Satisfaction Rating


No. 1


AM Best Financial Strength Rating


A+ (Superior)


JD Power Customer Satisfaction Rating


No. 1


AM Best Financial Strength Rating


A+ (Superior)

More Information

  • Ranked No. 1 in J.D. Power’s homeowners insurance customer satisfaction survey.
  • Loyalty discount, automatic detection devices discount, alarm system discount, claim free discount.
  • Offers home insurance dividends on your policy.

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 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 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 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 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. 

https://www.businessinsider.com/personal-finance/amica-insurance-review

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