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Amica vs GEICO

Direct match up comparisons between the premiums of different insurers will let you stretch your money far. So, if you’re on the lookout to reduce your expenses, know that you should work to shop around and get the best deal possible. It’s true that insurance products are more complex than the average consumer goods and services but head to head comparisons of products you will ensure that you get the best prices.

Amica and GEICO are two reputable, well, known American auto insurance carriers. If you are in the market for car insurance and want to consider their product you would do right by yourself to see their prices side by side.

The insurance business is a state by state proposition. Every state regulates insurers working within their borders separate and apart from applicable Federal regulations. This helps to ensure that insurance providers are financially solid entities; that they will have the available resources to pay claims when their customers need them. But there’s no need to overpay for coverage. You can get free, price quotes from companies like Amica and GEICO that are nonbinding and will help you make your decision.

We at General.com can assist you get free quotes with our streamlined web based tool. See for yourself which of the many auto insurers can give you the lowest cost and most bang for your buck.

Let’s Look Into Amica

Amica originally went by its full name, the Automobile Mutual Insurance Copmay of America. As its name implies, it is organized as a mutual company. Mutuals are owned by their policy holders as opposed to having stockholders. Mutuality is thought its adherants to better align corporate and customer interests by freeing themselves from near term profit pressures in order to take the long view into better consideration.

Amica is, in fact, the oldest mutual car insurer in the United States. They were founded in 1907, at the dawn of the automobile era, by A.T. Vigeron in Providence Rhode Island. They eventually expanded their product line to include personal liability coverage and marine insurance. The company has strong ratings from the major credit rating agencies and prides itself on its customer service.

Will you get better pricing from Amica?

Insurance product prices are dependent on the coverages you choose and your demographic and safety profile. In other words, they are variable. You won’t necessarily be paying what your neighbor or other family member pays.

Car insurance customers wanting a price quote will first need to provide Amica an information summary of themselves in order to let them determine how to properly assess and price the auto coverage.

That profile includes information like where you live. Will you do most of your driving in rural areas or in densely populated cities? The price and age of your car are taken into consideration, as is the length of time you had your license. Newly minted drivers should not expect to receive the very best rates until they’ve proven their safety record. Amica’s underwriting team will weight all of these factors to determine what premiums they will quote you. Ask whether Amica gives multi vehicle discounts and whether they reduce prices for certain professional affiliations.

This can be a complicated and time consuming process but that’s where we come in. The General.com web platform will aid you in assembling the right profile information, choose coverage options you’re looking for and get fast, free price quotes from providers like Amica.

Now, What About GEICO?

The Government Employees Insurance Company is more familiarly known as as GEICO. The company is well known for it’s satiric and edgy commercials. Recent spots have featured lobster in hot tubs and a walrus playing hockey. The successful spots have communicated their message that spending a little time with GIECO can save you money.

They are a very successful part of famed investor Warren Buffet’s giant holding company, Berkshire Hathaway, which acquired them in 1996. Buffet himself first invested in GEICO while studying business in New York City in the early 1950’s. The company is the second largest issuer of auto insurance policies in the United States. While it also sells home owners insurance, its main focus remains on the auto business.

The company was formed in Texas in the mid 1930’s and today is headquartered in Chevy Chase, Maryland. Recent information indicates that they cover over twenty-four million vehicles across fifteen million policy holders.

How Can You Save Money with GEICO?

If you really want to save money on car insurance, make it a habit to check prices regularly. As with most other consumer products, the vigilant and the diligent get the lowest prices. Inquire whether GEICO gives multivehicle discounts, affiliation discounts, or other ways to reduce your costs. Doubtless, being a safe driver is the single best way to get the best rates. But you’ll only know for sure whether you’re getting a bargain from GEICO if you match them up against a competitor.

Age tier GEICO avg. annual premium Amica avg. annual premium
Teens $3,508 $5,366
20s $1,438 $1,631
30s $1,218 $1,631
40s $1,189 $1,151
50s $1,160 $1,105
60s $1,065 $1,066

Farm Amica vs GEICO– Who’s Got the Best Rate?

As noted, good drivers get good rates. All but a few insurance companies will adjust their pricing towards those with the safest driving histories. But smart shoppers will also research all possible discounts that different carriers may offer. Things such as multi-vehicle discounts, driving safety refresher courses and many others. Do your leg work and you won’t miss out on cash savings for you and your family.

Discount Type Amica GEICO
Low Mileage Discount up to 10% --
Daytime Running Lights Discount -- up to 3%
Claims Free Renewal Discount Varies --
Defensive Driver Discount Varies Varies
Good Student Discount up to 10% up to 15%
Anti-lock Brake Discount up to 5% up to 5%
E-billing Discount Varies --
Accident Free Discount -- Varies
Provider Switch Discount Varies --
Paid in full discount Varies --
Prepay Discount Varies --
Passive Restraint Discount up to 40% up to 25%
Loyalty Discount Varies --
Organization Discount -- Varies
Federal Employee Discount -- up to 25%
Seat Belt Use Discount -- up to 15%
Emergency Deployment Discount -- up to 25%
Student Away at School Discount up to 10% --
Anti-Theft Device Discount up to 25% up to 25%
Military Discount -- up to 15%
Multiple Policy Discount up to 10% Varies
Good Driver Discount Varies up to 26%
Preferred payment discount Varies --
Home Owner Discount Varies --
Electronic Stability Control Varies --
Driving training discount Varies Varies
Paperless documents discount Varies --
Multiple Vehicle Discount up to 25% Varies
Senior Adult Discount -- Varies
teenSMART Discount -- Varies
Family Discount Varies --

The Bottom Line for Car Insurance Savings

General.com can work for you to get low prices on your car insurance. Why wait? Go online to our easy web based tool. A few clicks and you’ll get free quotes to help you save cash.

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