Amica Mutual Renters Insurance Review: Cost & Service (2024)

MoneyGeek’s Amica Mutual renters insurance review indicates that this provider scores highly in customer satisfaction. Amica Mutual has a relatively low National Association of Insurance Commissioners (NAIC) complaints index of 0.32 compared to the industry average of 1.00. This means that fewer complaints for the provider are received than the industry average.

Our scoring system incorporates financial stability ratings from A.M Best and affordability scores based on average rates in the industry. No data from J.D. Power surveys was available for this provider.

Customer satisfaction ratings are important when choosing a renters insurance provider. No data from J.D. Power surveys was available for renters insurance with Amica Mutual, but the company has consistently received high J.D. Power ratings for their homeowners insurance policies.

Furthermore, the provider’s low NAIC complaints index of 0.32 shows that fewer customer complaints are reported for Amica Mutual than other renters insurance providers. This would seem to indicate that customers are relatively satisfied with their experience.

According to AM Best financial strength ratings, Amica Mutual received an A+ or superior ranking, meaning the company has a proven capacity to fulfill its obligations to policyholders. AM Best is an independent agency that ranks the financial stability of insurance companies with scores ranging from A++ to D, with A being the highest category.

Amica Mutual has convenient online options for people who want to apply for a renters insurance policy on the web. MoneyGeek outlined how you can set up Amica Mutual renters insurance, file claims and manage your account.

The average annual cost of renters insurance is $156 per year. However, actual rates vary depending on the coverage level purchased and the insurer. The appropriate coverage level will depend on the value of your personal property that will be covered under insurance.

To get a personalized Amica Mutual renters insurance quote, you can use the insurance quote tool on the company’s website or mobile app.

For the average renter, a coverage level of $20,000 offers sufficient protection. However, it is best to calculate how much coverage you need based on the value of your personal property since this will determine the cost of your renters insurance policy.

You can use MoneyGeek’s personal property calculator to estimate the most appropriate coverage level for you.

Amica Mutual renters insurance offers policyholders up to five types of discounts which is the average number offered by most insurers. You can make your policy more affordable by taking advantage of the discounts available which include E-discounts for signing up for e-bills and electronic policy information.

Amica Mutual renters insurance offers eight optional coverages which is higher than the average number offered by most insurers. Amica’s unique coverage options include computer coverage, which covers you in case your computer is damaged or lost due to a power surge, water damage or heat warping. You can also opt for flood or earthquake coverage as add-ons if you live in an area prone to those risks.

If you want a renters insurance policy with plenty of customizable coverages, Amica Mutual is a good option. This provider offers a wide range of optional coverages to suit different needs including earthquake and flood coverage.

Depending on the insurer you choose, some coverages may be included in your policy, available as optional add-ons or not available at all. This means it is important to ensure that you are getting all the standard coverages in your renters insurance before choosing a provider.

Some insurers will offer optional add-ons to your policy like flood and earthquake coverages while others will have them as separate policies. Always read the fine print to ensure you get all the renters coverages that you need.

Amica Mutual has a variety of convenient online tools and features that you can use for free to get a quote, file claims and manage your account. You can also get support online using the live chat feature on Amica’s website. The online portal allows policyholders to manage their accounts seamlessly including tracking claims online.

Amica Mutual offers different insurance products so you can purchase multiple policies from them and take advantage of multi-policy discounts to save on premiums.

To compare Amica Mutual to other renters insurance companies for quality and affordability, MoneyGeek analyzed Amica Mutual’s website, manually collected quotes and consulted consumer intelligence organizations such as J.D. Power, the NAIC and AM Best.