Geico vs Amica | Bankrate

Geico is short for Government Employees Insurance Company. The insurance company began selling insurance to government employees and military personnel in 1936. Today it is a subsidiary of Warren Buffets Berkshire Hathaway and insures over 28 million vehicles, regardless of the occupation or location of the car owner in the United States. It is the second largest insurance company in the country (7%). Geico often tops Bankrate’s top auto insurance ratings for the cheapest insurance coverage.

Amica is headquartered in Rhode Island, where it was founded in 1907. It is the oldest auto insurance company in the United States. Amica is not among the 25 largest insurance carriers when it comes to premiums booked. In the annual studies by JD Power, however, the insurance carrier scores consistently high in terms of customer satisfaction. In addition to offering affordable auto insurance, drivers can choose to upgrade to Platinum Choice Auto, which adds premium features like glass repair or replacement with no deductible, extended rental refunds with higher limits, and new car replacement insurance.

Geico vs Amica: car insurance tariff comparison

For an overview of how Amica and Geico compare, take a look at some of the key features to check out when choosing a carrier. In addition to the average insurance costs for full and minimum insurance, AM Best gives a grade for the financial strength of an insurance company when paying out claims. JD Power publishes independent, annual customer satisfaction surveys based on policyholder responses. To simplify the information available, Bankrate assigns a maximum score of 5 to each carrier.

Car insurance	Bankrate Score	Preferably	JD Power	Average annual premium for minimum coverage	Average annual premium for fully comprehensive insurance
Geico	4.6	A ++	871 / 1,000	$ 433	$ 1,405
friend	4.6	A +	907 / 1,000	$ 405	$ 1,378

Prices according to creditworthiness

Several factors can affect the cost of car insurance. Many vehicle owners are surprised that creditworthiness is one of them. Unless you are a resident of the states of California, Massachusetts, or Hawaii, insurance companies can run credit checks to determine your premiums. In general, a higher credit rating means a lower annual premium. Here’s how your FICO can affect your rates with these carriers:

Car insurance	poor	Average	Well	Excellent
Geico	$ 1,978	$ 1,505	$ 1,405	$ 1,312
friend	$ 2,125	$ 1,478	$ 1,378	$ 1,350

Prices according to age

Car insurance companies find that drivers up to the age of 25 are riskier to insure than older drivers due to their limited driving experience. Compared between Geico and Amica, Geico is friendlier to younger drivers, with rates being significantly lower in the early years of driving.

Car insurance	Age 16 *	Age 18	Age 25	Age 30	Age 40	Age 60
Geico	$ 1,897	$ 3,672 $	$ 1,674	$ 1,465	$ 1,405	$ 1,326
friend	$ 2,389 $ 2nd	$ 5,077	$ 1,701	$ 1,469	$ 1,378	$ 1,401

* Cost for 16 year olds when added to parents’ policy, 18 year old renter

Prices according to the ticket

Both airlines charge higher risk drivers more for car insurance based on the number of tickets, accidents, or DUI convictions. A DUI is the most serious offense. However, you will find that a traffic ticket can affect your premiums almost as much as an accident, if not more.

Car insurance	Clean driving report	Traffic ticket	accident	DUI conviction
Geico	$ 1,405	$ 1,734	$ 1,971	$ 3,064
friend	$ 1,378	$ 1,689	$ 1,665	$ 3,479

Geico vs. Amica: discounts

Each carrier has their own list of discounts designed to help potential and current policyholders save on auto insurance. Geico and Amica both offer over a dozen discounts, including the typical autopay, vehicle security gear, and good student discounts. Some of the discounts with the greatest savings potential are:

friend

• Bundling – Buy insurance coverage for your home and vehicle to get up to 30% off.
• Training of young drivers – Drivers under the age of 21 who have successfully completed an approved young driver training program can earn you a discount on insurance coverage.
• Multi-car – Get a discount of up to 25% when you insure more than one vehicle.

Geico

• Good driver – If you have been accident-free for more than five years, you will receive a premium discount of up to 22%.
• Multi-car – You can get up to 25% discount when you insure more than one car with Geico.
• Emergency response – Military personnel who are deployed in an “immediate danger zone” can receive a premium reduction of 25% during their absence.

Geico vs Amica: Online and Mobile Experience Comparison

Both companies have a robust mobile app that you can use to view and download insurance cards, manage your policy, manage your payments, and track your claims process. Geico’s app has more innovative features, such as: For example, business chats that allow you to text your agent or Geico customer service representative, and the photo estimate feature that allows you to get a quote simply by providing a few photos directly from the app.

friend

• Apple Store – 4.8 / 5. The Amica app is integrated into Apple’s security functions such as Touch ID or face recognition. Report and track claims, view information about your policy, or call roadside assistance with just a few taps.
• Google Play – 4.4 / 5. Android users don’t rate the app as well as iOS users. The functionality is the same, however, with access to insurance cards, roadside assistance and the ability to make / pursue claims.

Geico

• Apple Store – 4.8 / 5. The app provides 24/7 access to your covers. You can use the business chat feature to talk to your agent or customer service via the iMessage interface.
• Google Play – 4.8 / 5. Some customers complain that the app is sometimes slow to load, but you can view your insurance cards, manage your account, and even take photos of your phone for a photo estimate.

frequently asked Questions

Is Amica Better Than Geico?

There are many factors that can determine which carrier is the best. Both Amica and Geico are long-standing companies with financial stability and good customer ratings. The decision is based on the amount of coverage required and the costs.

Is Geico Cheaper Than Amica?

Geico is usually cheaper than Amica. However, Bankrate found that both companies have competitive pricing and Amica is sometimes cheaper than Geico based on driver profile.

How do I choose the best auto insurance?

To find the best auto insurance company, start with some research on customer reviews from JD Power and other sources of independent reviews. Check out the types of insurance available and the discounts offered. Finally, collect quotes from multiple carriers to compare rates and choose one.

methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all postcodes and airlines in all 50 states and Washington, DC Coverage Limits:

• $ 100,000 personal injury liability per person
• $ 300,000 liability per accident
• $ 50,000 property damage liability per accident
• $ 100,000 personal injury from an uninsured motorist per person
• $ 300,000 personal injury to an uninsured driver per accident
• $ 500 deductible in case of collision
• $ 500 deductible

To set the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our Basic Profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles a year.

These are sample rates and should only be used for comparison purposes.

Recognition: The tariffs were calculated based on the following insurance levels assigned to our drivers: “bad, average, good (base) and excellent”. Insurance credit ratings are included in your official credit scores, but are not solely dependent on these variables. In the following countries, the credit may not be taken into account when determining car insurance rates: CA, HI, MA

Age: The rates were calculated by evaluating our base profile with the age groups 18-60 (base: 40 years) used. 16-year tariffs were taken into account as an additional cost to their parents’ policy; The tariffs for 18 year olds were calculated as drivers renting their primary residence.

Incident: The rates were calculated by evaluating our base profile using the following incidents: clean record (base), culpable accident, single speeding ticket, single DUI conviction (BAC of> = .08) and expiry of cover.

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