No, Amica is not cheaper than Geico for car insurance. A minimum-coverage car insurance policy with Amica costs $1,476 per year, on average, while a minimum-coverage policy with Geico costs an average of $693 per year. Full coverage from Geico costs less than Amica’s coverage, too.
Average Annual Cost of Car Insurance From Amica vs. Geico
$1,670 per year
$1,254 per year
$5,868 per year
$3,412 per year
$762 per year
$613 per year
$1,572 per year
$1,308 per year
Note: Rates are an annual approximation based on a driver with a clean driving record in Massachusetts. Actual rates will vary.
Yes, Amica is a good insurance company, offering car, home and life insurance to people in 49 states. Amica has earned A+ ratings from insurance industry watchdogs like the BBB and A.M. Best, and it has an average user rating of 3.5/5 on WalletHub. Amica does have more customer complaints than average, however, according to the National Association of Insurance Commissioners.… read full answer
Amica Mutual Insurance Company, as it’s officially known, is based in Lincoln, Rhode Island, and it has been in operation since 1907. It currently offers a variety of insurance policies for cars, boats and homes, as well as coverage for pets, special events and small businesses. You can save by bundling Amica Insurance policies, too.
Why Amica Insurance Is a Good Company:
Has been in business since 1907
A+ rating with the Better Business Bureau
A+ rating with A.M. Best
Averages 3.5/5 among user ratings on WalletHub
You can get a free Amica Insurance quote online or by contacting an agent at 1-800-242-6422.
Amica Insurance is rated 3.4 out of 5 by WalletHub’s editors, based on factors such as customer reviews and watchdog-group ratings. For example, Amica has a rating of 1.95 from he National Association of Insurance Commissioners (NAIC), meaning it has more customer complaints than the average insurer its size.
Amica is a mutual insurance company, meaning it is owned entirely by its policyholders. Amica policyholders get coverage without a large markup for profits, and they share in the earnings from investments and premiums by receiving dividends. Amica is the oldest mutual insurer of cars in the United States.
It is important to note that Amica’s auto coverage, dividend policies, and other types of insurance are not available in every state. Below, you can see the company’s average rates in New Jersey—which is one of the largest states in which Amica operates. Amica’s prices are relatively low, in part, because of its ownership structure.… read full answer
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