How Does Amica Compare with Other Renters Insurance Companies? (Overview, Cheapest Renters, Amica vs. State Farm, Allstate)

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How Does Amica Compare with Other Renters Insurance Companies: Find Your Best Fit.!!!

An image illustration of Amica Mutual Renters Insurance
“Comparing Amica with Other Renters Insurance Providers: Find Your Best Fit”

Before you decide on renters’ insurance with Amica, let’s take a look at how they stack up against two of their main competitors, State Farm and Allstate.

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The Cheapest Basic Renters Insurance by Provider

Company National Monthly Average Sample Rate
Lemonade $9.57
State Farm $10.83
USAA $13.70
Allstate $15.17
Amica Mutual $16.35
Liberty Mutual $16.38
Progressive $21.01
Travelers $22.14
GEICO $29.37

Amica Renters Insurance

Amica vs. State Farm

Absolutely!

When it comes to comparing Amica and State Farm for renters’ insurance, both are reputable companies with great financial and customer service ratings.

One key difference between them lies in their coverage areas!

Amica operates in 48 states and Washington D.C., excluding only Alaska and Hawaii, whereas State Farm is available in 48 states and D.C., with Massachusetts and Rhode Island being the exceptions.

When it comes to discounts, Amica offers a wider variety, with five available, whereas State Farm only offers two:

  • Bundling.
  • And a discount for home protective devices.

However, State Farm tends to have slightly lower costs, with an average monthly premium of $10.83 compared to $16.35 for Amica.

State Farm also shines in terms of additional coverage options, offering protection against earthquakes, inflation, cyber-attacks, pet incidents, and personal liability umbrella policies.

Regarding coverage limits, both companies have no maximum limit on personal property coverage!

But State Farm goes a step further by having no limit on loss of use coverage, while Amica caps it at 20% of the personal property limit.

When it comes to deductibles, Amica offers lower options starting from $100, while State Farm’s lowest deductible is $500.

Both companies provide excellent customer service, but State Farm utilizes agents, whereas Amica does not.

Lastly, it’s worth noting that Amica is a mutual company that pays dividends to policyholders, whereas State Farm is not.

Read a full State Farm renters insurance review.

Amica vs. Allstate

Certainly!

Let’s break down how Amica and Allstate compare in the world of renters insurance.

Allstate, like Amica, is a prominent player in the insurance game. However, there are some key differences between the two.

While Allstate renters’ insurance is available across all 50 states and the District of Columbia, Amica has yet to set foot in Alaska and Hawaii.

When it comes to discounts, Amica takes the lead, offering five compared to Allstate’s three, which include bundling, autopay, and a special discount for retirees over 55.

Amica also shines in terms of personal property coverage, boasting no maximum limit, while Allstate caps it at $150,000.

Both companies excel in customer support, but Amica pulls ahead with its wide array of support options, including:

  • Live chat
  • Telephone
  • Email
  • Mobile
  • And in-person assistance.

Allstate, on the other hand, offers telephone, mobile, and agent support.

Coverage limits present a mixed picture!

Amica wins in personal property limits with its unlimited coverage, but Allstate surpasses with unlimited loss-of-use coverage.

Lastly!

When it comes to costs, Allstate comes out on top with an average monthly premium of $15.17, compared to Amica’s average of $16.35.

Read a full Allstate renters insurance review.

The Bottom Line

Absolutely! Here’s a rundown of our review of Amica’s renters’ insurance and our final thoughts.

After looking into Amica’s renters’ insurance, it’s clear they’re a reputable company with a strong financial foundation, earning top ratings from A.M. Best.

Their customer service ratings also indicate they handle issues well, with fewer complaints than average.

We like that Amica doesn’t limit personal property coverage and offers up to $1,000,000 in personal liability coverage, along with low deductibles starting at $100.

Their range of customer support options is impressive, though it would be nice if they offered 24/7 assistance for all inquiries, not just claims.

Filing claims is straightforward, whether online, over the phone, via live chat, or through their mobile app, which users seem to appreciate.

However, we’d love to see more resources on their website and an expansion of add-on coverages, such as earthquake protection and pet insurance.

Overall, Amica is a solid choice for renters seeking reliable and affordable coverage, especially those who need high policy limits to safeguard their belongings.

As always, we recommend getting quotes from at least three different carriers to compare costs and coverage before making a decision.

Amica Mutual Renters Insurance Review of 2024: Overview, Ratings, Pros, Cons, Financial & Customer Service Ratings

FAQs

Q. What discounts does Amica offer compared to other renters’ insurance companies?

A. Amica provides several discounts for renters insurance, including those for:

  • Automatic payments.
  • Bundling.
  • Claims-free history.
  • Opting for e-delivery.
  • And loyalty discounts.

When compared to competitors like State Farm and Allstate, Amica’s range of discounts may vary, so it’s essential to compare offerings to find the best deal.

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