Amica Mutual vs. USAA: Home Insurance Comparison

USAA ranks best nationally for customer service and financial stability, and Amica Mutual performs well in both categories. However, USAA has more affordable premiums in comparison to Amica Mutual.

USAA offers policies with $500,000 in dwelling coverage at an annual rate of around $4,421. The average rate charged by Amica Mutual is $10,614 per year — which is 2.4 times that of USAA.It's still important to consider the add-on coverage options and discounts available with each company. Amica Mutual provides six more coverage options compared to USAA's three and eight discounts in contrast to USAA's three.

MoneyGeek's comparative analysis will teach you more about these providers.

MoneyGeek outlined the key features of both providers to help you compare Amica Mutual vs. USAA homeowners insurance.

The overall MoneyGeek scores favor USAA, with both companies receiving positive ratings for customer service and financial stability. USAA excelled in these categories, attaining the highest possible score and providing affordable coverage.

USAA also surpasses Amica Mutual in nationwide availability by including coverage for Hawaii. However, Amica Mutual offers a wider range of add-on coverages and discounts compared to USAA.

Comparing quotes from the two insurers reveals that USAA's average baseline premium is $1,966 per year, almost half of Amica Mutual's average of $3,861.

However, it's important to note that these figures represent average home insurance costs. Your actual rate will depend on several factors, including your credit history, home location and the cost to rebuild your home.

Many considerations come into play when an insurer determines the cost of homeowners insurance. The location of your property and the level of dwelling coverage you choose are the two most important factors.

Ensuring you select a sufficient dwelling coverage amount to account for repair costs or complete a rebuild is crucial for your financial security.

Different insurers provide varying amounts of dwelling coverage. USAA is always the more affordable option compared to Amica Mutual, from the minimum dwelling coverage of $100,000 to the maximum level of $3 million.

Use the chart below to assess how dwelling coverage influences the cost of homeowners insurance.

Homeowners insurance prices can vary depending on the specific state. For instance, West Virginia has USAA's cheapest average baseline premium ($742 per year), while South Carolina has the highest rates ($3,451 per year). In contrast, Amica Mutual homeowners insurance is the least costly in New Hampshire ($1,018 per year) and the most expensive in Texas ($4,328 per year).

Use MoneyGeek's chart below to compare the cost of your state's Amica Mutual and USAA homeowners insurance.

Making a decision on a homeowners insurance policy based solely on cost can lead to poor outcomes. Assessing a company's customer service and financial stability is equally crucial. It is important to remember that receiving prompt and efficient assistance when filing and processing a claim can have a significant impact.

According to our study, USAA excels in customer service and financial stability compared to Amica Mutual, with higher ratings in both categories. Additionally, we found that Amica Mutual charges the second-highest premiums in the market.

Traditional homeowners insurance offers dwelling coverage, personal property coverage and liability coverage. You can include additional coverages to your standard policy to enhance your protection level.

Regarding add-ons, Amica Mutual offers a broader selection with six options available, five of which are commonly sought after. USAA offers three add-on coverages, with only one being a widely selected option.

Amica Mutual provides five frequently chosen add-on coverages. It covers sewage backup and sump overflow water damage, offering protection of up to $5,000. Its extended reimbursement feature raises the coverage limits for rebuilding your home. Amica Mutual's scheduled personal property coverage protects jewels, furs and fine art. A portion of the expenditures incurred from identity theft or fraud is covered with its identity theft coverage.

USAA provides only one coverage that Amica Mutual does not: home rental coverage. It protects you and your guests, whether you're renting out a single room or an entire residence.

MoneyGeek collected this data from the companies' websites; thus, the listed coverages may not encompass all the available alternatives.

Qualifying for a discount can lower your insurance premiums. With seven discounts compared to USAA's three, Amica Mutual is the best in this category. The company provides all commonly-available discounts.

Amica Mutual provides all the standard discounts, including new home and home renovation discounts unavailable with USAA. With this deal, you may save significantly on a newly built or remodeled home. Its loyalty discounts can benefit policyholders who have maintained their policies for at least two years. Amica Mutual also offers discounts if you go paperless or automate your payments.

USAA only offers three discounts — bundle, protective device and claims free — all commonly available and also provided by Amica Mutual.

We gathered this data from the companies' respective websites. While MoneyGeek researches each insurance provider thoroughly, companies may offer discounts that aren't advertised.

To help you make an informed decision on the ideal provider for you, MoneyGeek compiled a list of the best homeowners insurance companies, complete with up-to-date rates.

Several factors can impact the actual cost of your homeowners insurance, the most significant of which is the projected cost to repair your home. Use MoneyGeek's homeowners insurance calculator for a more precise premium estimate.