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Amica Insurance Ratings and Company Information
Best Insurance Reports: A++
Url of page where rating was collected:
Best Rating: A.M. Best has consistently given Amica Mutual Insurance Company its highest ratings. This rating is assigned to companies which have on balance superior financial strength, operating performance, and market profile when compared to A.M. Best's established standards.
Type of Insurance Company: Mutual
Name of Parent Company:
Amica General Agency, Inc.
Amica General Insurance Agency of California, Inc.
Amica Life Insurance Company
Amica Property and Casualty Insurance Company
Amica Lloyd's of Texas, Inc.
Company History: Founded in Rhode Island in 1907, the company opened its first branch office in 1941 then proceeded to add homeowners' insurance in 1956 and marine and personal excess liability insurance some years later. The company moved its headquarters to Lincoln in 1994. Amica has over 3,200 employees and 43 offices nationwide. The company is the oldest mutual insurer of automobiles in the U.S.
Principle Sales Methods: Amica is a direct writer of auto, home, and life insurance products. They are organized into regional offices spread throughout the United States.
Life Annuity Business: Amica offers Level Term, Simplified Issue Level Term, Whole Life, Simplified Issue, and Annual Renewable life insurance. Amica has been listed on Ward's Top 50 list for life-health insurance companies in 2006, 2008, 2009, 2010, 2011, 2012, and 2013.
Auto Business: Amica offers a variety of Auto coverage options and a multi-line discount.
Homeowners Business: Amica offers flexible policies for homeowners insurance. They also offer alarm systems, claim-free policies, and discounts for higher deductibles.
Health Business: Long-term Care, Disability Income, and Health care insurance are offered through the Amica General Agency. However, the policies are underwritten by John Hancock Life Insurance, MassMutual Financial Group, and Golden Rule Insurance.
Special Business: Amica offers Condo, Renters, Retirement, Marine, Umbrella, Structured Settlement, and Small Business Insurance.
Company Financial Status:
Assets & Premiums: 2013 Results:
Assets: $4.9 billion
Surplus: $2.6 billion
Premiums Receivable: $498 million
Consumer Satisfaction Survey Results and Comments:
NPR Score: 80
Comments from Consumers:
Very competitive rates, courteous phone reps.
We pay more for Amica because of our happiness with the way that treat you when you file a claim.
Lines of Insurance:
Auto, Life, Homeowners
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY