Amica Mutual vs. State Farm Homeowners Insurance Comparison


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Updated: May 22, 2024

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Amica Mutual and State Farm’s scores for customer satisfaction, financial stability and affordability are above average. However, State Farm outperforms Amica Mutual in affordability for home insurance, which influences the company to be the fifth best homeowners insurance provider in the country. Amica Mutual, greatly because of the cost of its home insurance, ranks 20th.

Apart from cost, other factors we consider in our Amica Mutual vs. State Farm homeowners insurance guide are discounts, optional coverages and geographic availability.

MoneyGeek ranked companies based on nationally recognized data from leading consumer reporting agencies, including J.D. Power for customer service, AM Best for financial stability and Quadrant Information Services for affordability. Learn more

Comparison Overview: Amica Mutual vs. State Farm

Based on overall scores, State Farm is better than Amica Mutual if you seek the best homeowners insurance policy provider. Although Amica Mutual ranks higher on customer satisfaction, it has lower scores than State Farm on financial stability and affordability — State Farm’s average annual premium is more than 50% less than Amica Mutual.

State Farm also offers more add-on coverage options, although Amica Mutual is available in two more states. The following Amica Mutual vs. State Farm table shows their scores for each factor that contributes to the overall MoneyGeek score and other details about their home insurance.

Feature
Amica Mutual
State Farm

Total Score

83

91

Satisfaction

4.5

4.0

Stability

4.5

5.0

Affordability

3.8

4.7

Average Annual Premium

$10,614

$2,138

Which Company Is Cheaper Overall?

MoneyGeek’s review of quotes from both companies indicates that the average baseline premium for Amica Mutual is $3,861 per year, higher than State Farm’s average of $2,138. Note that actual rates may differ depending on various factors, including your location and the cost of reconstructing your home, and our findings represent average home insurance rates in the United States.

Average Annual Homeowners Insurance Premium of Amica Mutual vs. State Farm

house
Amica Mutual

Average Annual Premium

$3,861
house
State Farm

Average Annual Premium

$2,138
State Farm’s homeowners insurance costs on average:$1,723 saved

This is 45% less expensive.

Companies determine how much to charge for homeowners insurance by considering several factors. The biggest influence on rates is where you live and the dwelling coverage amount of your policy that covers the total cost to repair or rebuild your home.

Which Company Is Cheaper Based on Dwelling Coverage Amount?

How much dwelling coverage you choose for your policy determines the financial protection you have if repairing or rebuilding your damaged home. Your coverage amount will also influence how much you pay for homeowners insurance, with State Farm, Amica Mutual or any other company.

Our analysis covers average rates for dwelling coverage from $100K, the baseline amount, to $3 million. When considering State Farm vs. Amica Mutual, generally, State Farm is cheaper across all dwelling coverage limits. For example, a policy with a $250K limit costs $4,607 with Amica Mutual and $2,427 with State Farm. The following table displays how costs differ between the companies based on the dwelling coverage amount.

Average Premiums for Amica Mutual vs. State Farm
Amica MutualDwelling Coverage Amount$100,000Average Annual Premium$2,412
State FarmDwelling Coverage Amount$100,000Average Annual Premium$1,917
Amica MutualDwelling Coverage Amount$250,000Average Annual Premium$4,607
State FarmDwelling Coverage Amount$250,000Average Annual Premium$2,427
Amica MutualDwelling Coverage Amount$500,000Average Annual Premium$10,614
State FarmDwelling Coverage Amount$500,000Average Annual Premium$5,666
Amica MutualDwelling Coverage Amount$750,000Average Annual Premium$16,086

How Much Does Each Company Cost by State?

What state you live in impacts how much you pay for homeowners insurance. For example, you could pay an average annual premium of $1,018 in New Hampshire or $4,328 in Texas for an Amica Mutual policy with baseline dwelling coverage. Meanwhile, yearly, a policy with the same dwelling coverage from State Farm costs around $982 in New Hampshire and roughly $3,994 in Texas.

The following table allows you to determine how much you are likely to pay in your state, on average, for a homeowners insurance policy from Amica Mutual vs. State Farm.

Average Premiums for Amica Mutual vs. State Farm
State FarmStateAKAverage Annual Premium$1,176
State FarmStateALAverage Annual Premium$1,482
State FarmStateARAverage Annual Premium$1,680
State FarmStateAZAverage Annual Premium$1,224

Which Company Has Better Customer Service?

In addition to the cost of homeowners insurance, the quality of service matters when selecting the best provider. A high customer service rating indicates that you should receive prompt assistance while going through the claims filing and processing process, which makes a significant difference to your overall customer experience.

Based on our findings, State Farm has the best customer service because of its overall MoneyGeek score of 91 out of 100. But Amica Mutual scored slightly higher in customer satisfaction than State Farm, while State Farm has better ratings for financial stability and cost, resulting in a big difference in its overall ranking compared to Amica Mutual.

Amica Mutual Vs. State Farm: Customer Service Scores
Score
Amica Mutual
State Farm

MoneyGeek Score

83

91

Satisfaction Score

4.5

4.0

Stability Score

4.5

5.0

Affordability Score

3.8

4.7

Optional Coverages Offered by Amica Mutual vs. State Farm

A standard homeowners insurance policy covers costs relating to the damage or loss of your home and its contents, but you can get enhanced financial protection from your insurer at an extra cost. The available optional coverages vary based on the insurer.

State Farm outperforms Amica Mutual by offering a wider range of add-on coverages for homeowners insurance. The company has options that span different tiers. Some of the common add-ons include scheduled personal property, back-up of sewer or drain, building ordinance or law and identity theft coverage. The following table highlights common add-ons to Amica Mutual or State Farm homeowners insurance policies.

Coverage
Amica Mutual
State Farm

Sewer backup coverage
Covers the cost of
water damage from
a sump pump,
drain or sewer overflow.

Identity theft coverage

Covers some of the
costs incurred due to
identity theft or fraud.

Extended reimbursement

Extends your limits for
certain coverages.

Scheduled personal property coverage

Covers the cost of
valuable items like
jewelry, furs, fine art, etc.

Building ordinance or law coverage

Covers the cost to
rebuild or upgrade a
home so that it
meets the most up-to-date
building codes after a
covered loss.

Amica Mutual offers five common add-on coverages, while State Farm offers four. Although State Farm has 12 add-ons compared to Amica Mutual’s six, it does not have extended reimbursement and contents replacement cost coverages. Extended reimbursement coverage covers 30% above the repair or rebuilding costs of your policy limit if necessary, while contents replacement coverage pays for the full repair or replacement of your personal property to a specified limit without considering depreciation.

Despite lacking some common add-on coverages, State Farm has an array of less common coverages, including loss assessment, energy efficiency upgrade, home systems protection, service line and vacancy. Most of these add-ons help lower out-of-pocket costs if your home sustains damage or you face an unexpected repair.

MoneyGeek obtained coverage information from each provider’s website, so our list may not be exhaustive. But it can help you make an informed decision between Amica Mutual vs. State Farm homeowners insurance.

Which Company Has Better Discounts?

Discounts provide an opportunity to lower homeowners insurance costs. Both Amica Mutual and State Farm offer five common discounts. However, State Farm only has two additional discounts, whereas Amica Mutual has three.

State Farm’s additional discounts are continuously insured and roofing material. Meanwhile, Amica Mutual offers discounts for going paperless, choosing automatic payments and being a loyal policyholder of at least two years.

The following table highlights the discounts available from the two insurers.

Discount
Amica Mutual
State Farm

Protective device discount

Discount for having
theft or fire protection
devices, such as alarms
or sprinklers.

Insurance bundling discount

Discount for bundling
your homeowners insurance
policy with another product,
like auto insurance.

Claims-free discount

Discount for going
several years without
filing a claim.

New home discount

Discount for homes that
have been recently constructed.

Home renovation discount

Discount for homes that
have been recently renovated.

>

Amica Mutual and State Farm provide the discounts outlined above, such as bundling, claims-free, home renovation, new home and protective device. In addition, Amica Mutual offers loyalty, paperless and automatic payment discounts that are not available at State Farm.

State Farm’s total number of discounts is less than Amica Mutual's by one. Its other discount options include using qualifying impact-resistant roofing materials and continuously insured, where the amount depends on the duration your policy has been active.

The discount possibilities were obtained by MoneyGeek on each insurer’s website. Note that you may come across additional discounts from these companies not listed publicly online.

How Much Could Your Homeowners Insurance Premium Cost?

If you’re still unsure about Amica Mutual vs. State Farm homeowners insurance, our compilation of the best homeowners insurance companies for different factors, including cost, customer service and financial stability, may help you make a selection.

One key aspect to note as you shop around is that the premium will vary depending on your dwelling coverage, location, personal property amount, deductible and the age of your home, among other factors. MoneyGeek created the following home insurance calculator to help you estimate your costs based on your unique profile and needs.

Home Insurance
Calculator

MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.

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Rates updated:

Jul 15, 2024

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About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.