The largest discounts from Amica are: Multi-Policy Discount, Home Renovation Discount, Claims-Free Discount
|Discount Type||Discount %|
|Multi-Policy Discount||up to 15%|
|Home Renovation Discount||Varies|
|Smart Home Discount||Varies|
|Protective Devices Discount||Varies|
Amica Mutual Insurance Company was founded in Rhode Island in 1907, making it the oldest mutual insurer in the United States. Amica provides personal insurance with auto, homeowners, personal excess liability, and marine coverages. Amica is currently headquartered in Lincoln, Rhode Island.
Amica is a mutual insurance company, which means they’re owned by their policyholders rather than stockholders or investors. This means they offer dividend policies. A dividend policy costs more up front; however, it will also lower the overall cost of your insurance policy over time.
At the end of your policy term, a dividend is offered back to you. On average, a typical dividend payment can be about 20% of your annual premium.
Amica operates under three subsidiaries including Amica Life Insurance Company; Amica Property and Casualty Insurance Company; and Amica General Agency, Inc. and has 44 offices nationwide.
Amica does not employ insurance agents. Trained Amica representatives provide fast, direct service to their 1.6 million customers.
Amica has an A+ (superior) financial strength rating from A.M. Best.
Amica ranks For 17 years in a row, Amica Mutual has ranked highest for customer satisfaction in the homeowners insurance segment according to the J.D. Power 2018 U.S. Home Insurance Study.
Amica holds about $5.1 billion in assets as of December 2016.