Amica Insurance vs. Travelers Insurance

The main Travelers NAIC number is 25658. Travelers's NAIC number is the five-digit code given by the National Association of Insurance Commissioners (NAIC), which assigns numbers to authorized insurance providers in order to track customer complaints and ethics violations across state lines.

With Travelers's NAIC number, anyone can learn more about the company's financial data, the kinds of complaints that have been filed by customers, and any enforcement actions taken against the company. Customers will need Travelers's NAIC number to report fraud or file an insurance claim, as well.

Although the main Travelers NAIC number is 25658, the NAIC has assigned a separate code for each of Travelers's affiliate companies, which are listed below. You can find the number that applies to your particular policy on your Travelers insurance card. 

Travelers NAIC Numbers

Travelers's NAIC number is not the same thing as the three-digit code assigned by each state's department of motor vehicles. These numbers, issued by state insurance commissioners, are given to the companies that have been authorized to sell insurance policies in a particular state. However, they are not standardized across state lines, like NAIC numbers are.

To cancel Travelers insurance, the policyholder must call a representative at 1-800-842-5075, cancel by mail, or cancel in person. The cancellation can be arranged for a future date or set to take effect immediately. You will need your name, policy number, and the date you want your policy to end.

• Cancel by phone by calling 1-800-842-5075.
• Cancel by mail by writing a letter that includes your name, policy number, and the date you want your policy to end. Sign, date, and mail your letter to: Travelers / P.O. Box 5600 / Hartford, CT 06102.
• Cancel in person by visiting your local Travelers agent.

If you've already paid your premium for the policy period in full, Travelers will refund the unused portion. Travelers does not impose a cancellation fee or penalty for early termination.

It's important to remember that you don't need to cancel your policy just because you're going through some life changes. For example, you should have Travelers update your mailing address or vehicle information if you're moving or buying a new car.

If you're canceling your current policy in order to switch to another company, be sure to activate your new policy before canceling the old one. This prevents a lapse in coverage, which would lead to higher premiums in the future.

A Travelers umbrella policy covers claims beyond the limits of an existing auto or home insurance policy, adding $1 million to $10 million in additional liability coverage. Travelers umbrella insurance may also cover claims that aren't covered by a standard liability policy, like slander, libel, and psychological harm.

What Travelers Umbrella Policies Cover

• Certain lawsuits, like slander, defamation or invasion of privacy
• Defense costs
• Injuries to other people if you're at fault
• Damage to other people's property if you're at fault

Travelers's umbrella policies are a good choice for customers with a high net worth who want extra coverage for property damage, injuries, and possible lawsuits that could result from various types of incidents. To be eligible, you will also need an auto policy from Travelers.

You can get a quote for Travelers umbrella insurance by contacting a local Travelers agent.

Amica insurance rates go up by an average of 23% after an accident. Drivers who have Amica accident forgiveness will not see their car insurance rates go up at all after their first accident in a certain number of years, however. Policyholders accumulate “good driver rewards” for each year of good driving and can use them to lower their deductibles or prevent their premiums from going up after an accident. Even if the accident can't be forgiven, it will only affect your insurance rate for 3-5 years, depending on your state.

The exact amount that premiums go up after an accident depends on a few factors, including who was at fault, how much damage was caused, and the policyholder's driving and claims history. In general, at-fault accidents or severe accidents that lead to expensive insurance claims increase rates more than minor or not-at-fault wrecks. Repeat offenders also see relatively large rate hikes.

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 Insurance Ratings

• WalletHub Editors: 3.4
• A.M. Best: A+
• J.D. Power: 4.3
• NAIC: 1.95
• BBB: A+
• Average User Rating on WalletHub: 3.6 /5

To learn more, check out WalletHub's complete Amica car insurance review.

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.

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.

To learn more, check out WalletHub's Amica insurance review

Yes, Travelers offers accident forgiveness, which forgives one at-fault accident every three years. Travelers accident forgiveness is available as part of the company's Responsible Driver Plan and Premier Responsible Driver Plan, which are optional protection plans customers can buy. Prices for these plans vary depending on your location, as well as other factors like your driving history and the coverage options on your policy.

In addition to accident forgiveness, the Travelers Responsible Driver Plan includes a minor violation forgiveness benefit that forgives one small infraction (like a traffic ticket) every three years. The Premier Responsible Driver Plan also offers accident forgiveness and minor violation forgiveness benefits, as well as a decreasing deductible benefit and a total deductible loss waiver.

Although accident forgiveness is not an automatic benefit with Travelers, it may be worth it if you're worried about your rate going up in the event of a mishap on the road. It will keep your insurance premiums from rising, even though the accident will still be recorded on your driving record. However, accident forgiveness and violation forgiveness are not available in California.

An Amica umbrella policy covers claims beyond the financial limits of an existing auto or home insurance policy. An umbrella policy from Amica costs about $100-$400 per year, and it can add $1 million, $2 million, or $5 million in additional liability coverage.

What Amica Umbrella Policies Cover

• Personal injury liability settlements
• Liability from a car accident beyond your auto policy limits
• Dog bites
• Liability from a car accident in a different country
• Defense against charges of libel, slander and defamation of character

Amica's umbrella policies are a good choice for customers with a high net worth who want extra coverage for property damage, injuries, and possible lawsuits that could result from various types of accidents. Umbrella policies may also cover claims that might not be covered by standard liability policies, like slander, libel, and psychological harm.

You can get a quote for Amica umbrella insurance by calling (800) 242-6422. To be eligible, you will also need an auto policy from Amica.

Travelers is owned by its shareholders, as it is a publicly traded company. The biggest shareholders are The Vanguard Group, BlackRock, and State Street Corp which have a combined ownership stake of almost 25%, according to public records, as of Q1 2020.

Travelers was founded in 1864. For more information, check out WalletHub's full Travelers review.

Yes, Travelers offers gap insurance for approximately 5% of the car's comprehensive and collision premium. Travelers gap insurance pays the difference between a totaled car's value and the policyholder's loan or lease balance, though it's worth noting that Travelers gap coverage does not pay the policyholder's deductible.

Travelers gap insurance is usually a better investment than purchasing this coverage from a dealership, where the cost is often rolled into your loan and charged interest. And you can cancel Travelers gap insurance once your car is worth more than your loan or lease balance.

For more information, check out WalletHub's complete guide to gap insurance.