Founded in Rhode Island in 1907, Amica is an auto and home insurance company offering many policy options. The company is a mutual insurance provider, meaning that its customers own the company instead of stockholders. This creates a partnership that is focused on meeting customer needs and providing an excellent service. Amica home insurance reviews often focus on the company’s excellent customer service and a strong reputation for financial stability. The company is rated A++ by AM Best and was the top-ranked insurer in the 2021 J.D. Power US Homeowner Insurance Study. Amica also offers a money-back dividend that pays policyholders after an accident or loss.
Many people choose Amica home insurance for the company’s flexible coverage options and a variety of discounts. They offer a loyalty discount for homeowners who have been with the company for two years and provide a variety of other discounts, such as for alarm systems and automatic detection devices. Additionally, homeowners who haven’t filed a claim in three years may qualify for a claims-free discount.
The company’s home policies include standard coverages, as well as a number of additional options like loss assessment plan and a property loss warranty. In addition, Amica offers an online quote process that determines your policy price based on the amount of dwelling coverage you input. It also allows you to customize other coverage options like other structures, personal property, and loss of use coverage limits.
Is Amica Homeowners Insurance Good?
Amica has a good reputation for customer service and its claim handling. Its claims department has a virtual adviser who can walk you through the process of filing and tracking your claim, and it offers flexible payout options. In addition, it pays out more than the industry average for home repair contractors.
Amica also offers a variety of discounts that help reduce your home insurance premium. These include multi-policy, claim-free, and auto-pay discounts. It also has an e-discount that lets you receive your bills and policy information electronically. And a dividend program allows you to invest part of your premium, which can be refunded at the end of your policy term. This option isn’t available in all states.
In addition to standard homeowners coverage, Amica offers optional upgrades like dwelling replacement and personal property protection coverage. It also offers enhanced renters insurance that covers things your condo association’s policy may not, such as valuable items.
The company has a solid financial strength rating from AM Best and a low complaint ratio based on the number of complaints regulators receive relative to a company’s market share. It’s a great choice for those who want a reliable home insurer with competitive rates and a strong reputation for customer service.