Amica was founded in Rhode Island in 1907 and provides personal personal insurance with auto, homeowners, personal excess liability and marine coverages.
Amica is a mutual company, which means they’re owned by their policyholders, not stockholders or investors. This means they offer dividend policies.
A dividend policy costs more upfront, however they 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 use insurance agents, but trained Amica representatives that provide fast, direct service to their 1.6 million customers.
Amica has excellent financial strength and holds about $5.1 billion in assets.
|Length Options: 10, 15, 20, 25, 30 Years||Subtypes: Guaranteed|
|Available Riders: Living/Accelerated Death Benefit, Cost of Living Increase, Conversion Option|
|Premium Options: Level Premiums|