State Farm vs Amica

1
SrdjanPav/Getty Images
Bankrate Logo

Why you can trust Bankrate

While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . This content is powered by HomeInsurance.com (NPN: 8781838). For more information, please see our

State Farm, founded in 1922, is now the largest auto insurance provider in the U.S. Because of the sheer size of State Farm, the carrier is able to offer a variety of channels for customer service, including via telephone, robust mobile app, online portal or working directly with one of the 19,000 local agents nationwide. State Farm also offers a number of insurance products, with everything from boat insurance to motorhomes and small businesses.

Amica is a mutual company and was founded in 1907. This makes Amica the oldest mutual insurer of vehicles in the U.S. A mutual company is structured so dividends can be returned to policyholders on an annual basis if certain financial metrics are met. Amica has been able to return funds on 20% of the premiums over the years.

State Farm vs Amica: car insurance rates comparison

Both State Farm and Amica are highly rated with Bankrate and the J.D. Power scores for overall customer satisfaction. Both earn high financial strength ratings, with an A++ and A+ rating through AM Best. A comparison of average rates from Quadrant Information Services shows Amica might be slightly less expensive than State Farm, although rates are highly dependent on personal factors.

Car insurance company Bankrate Score AM Best J.D. Power Average annual premium for minimum coverage Average annual premium for full coverage
State Farm 4.5 A++ 881/1,000 $539 $1,457
Amica 4.6 A+ 907/1,000 $405 $1,378

Rates by credit score

The following annual premiums show the impact that credit scores could have on premiums in states where credit is used as a rating factor. When comparing State Farm vs Amica, Amica offers lower rates to those with poor or average credit, but there is not much of a difference in rates for someone with good or excellent credit.

Car insurance company Poor Average Good Excellent
State Farm $3,309 $1,656 $1,457 $1,126
Amica $2,125 $1,478 $1,378 $1,350

Rates by age

Age is a significant consideration for premiums with State Farm and Amica. Drivers who are 18-years-old pay the highest amount of premiums on average. Fortunately, rates may drastically improve once a driver turns 25.

Car insurance company Age 16* Age 18 Age 25 Age 30 Age 40 Age 60
State Farm $2,077 $4,137 $1,694 $1,494 $1,457 $1,327
Amica $2,389 $5,077 $1,701 $1,469 $1,378 $1,401

*16-year-old cost when added to parents’ policy, 18-year-old renter

Rates by driving record

Both State Farm and Amica increase premiums when incidents occur. The biggest increase is seen with a DUI conviction, where annual premiums more than double in some cases.

Car insurance company Clean driving record Speeding ticket Accident DUI conviction
State Farm $1,457 $1,590 $1,657 $2,201
Amica $1,378 $1,689 $1,665 $3,479

State Farm vs Amica: discounts

Both State Farm and Amica offer a generous amount of discounts. You will find savings opportunities with both by bundling, adding multiple vehicles, being a good student and taking part in defensive driving training. Each carrier offers other discounts too, including:

State Farm

  • Safety equipment — If your vehicle is equipped with airbags, anti-lock brakes or an anti-theft system, then you may be eligible for a safety equipment discount. The discount is taken off the premiums for optional medical payments coverage.
  • Accident-free — If you remain accident-free for three years, you may be rewarded with lower premiums. The discount is based on at least three consecutive years of being accident-free.
  • Away at school — If you keep your vehicle at home while you are away attending school, your premiums may be lowered. Students age 25 and under are eligible.

Amica

  • Parent’s loyalty — This discount is for those whose parents also have an Amica auto insurance policy. Parents must have had their policy for at least five consecutive years to qualify.
  • Defensive driving — Another discount available is through the defensive driving program. If you take an approved course, you may be eligible for greater savings.
  • Homeownership — If you own a home, you might be eligible for a homeowner’s discount. This applies even if you do not have a homeowners insurance policy through Amica.

State Farm vs Amica: online and mobile experience comparison

Both State Farm and Amica give you a full suite of features with the online portal and mobile app. You can manage almost every aspect of your policy through both and contact customer service through the app for more detailed needs. Amica allows you to pay your policy online without registering an account if you prefer to checkout as a guest.

State Farm

  • 4.8/5— The iOS app includes a full list of features such as bill pay, access to ID cards and claims filing. There are thousands of positive reviews, with many customers enjoying the app’s ease of use and numerous functions.
  • 4.7/5 — The Android version has the same features and also allows you to walk step by step through the claims process or summon roadside assistance.

Amica

  • 4.8/5 — The Amica mobile app gives you access to the claims center, customer service and online bill payment. You can even add additional coverages to your existing policy through the app.
  • 4.4/5 — The Android version is as fully functional and detailed as the Apple version. The app earns high marks for strong customer service overall and some reviewers really like how easy it is to use.

Frequently asked questions

Is State Farm cheaper than Amica?

It depends on several factors to determine if State Farm is cheaper. For example, based on Bankrate’s assessment, State Farm was found to be cheaper when insuring younger, inexperienced drivers. However, Amica offered more favorable rates based on credit score. Regarding accident history, both auto insurers presented similar annual rates, except for a DUI conviction. In that case, State Farm was less expensive.

What is the average cost of auto insurance?

In the U.S., the average cost of auto insurance is $1,674 per year for full coverage car insurance. Keep in mind that your rates may be higher or lower than the average, depending on your age, ZIP code, driving history, vehicle and other considerations.

Can I switch auto insurance carriers at any time?

Yes, you have the ability to switch carriers at any point, and it is a great way to obtain lower rates. If you choose to do so, be sure not to cancel your old policy until your new one is in effect. This prevents a lapse in coverage for your vehicles. It’s also important to check with your current insurer to understand if there are any cancellation fees for cancelling your policy prior to your renewal.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

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

Credit: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base), and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining auto insurance rates: California, Hawaii, Massachusetts, Michigan and Washington.

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. 16-year-old rates were factored as the added cost to their parents’ policy; 18-year-old rates were calculated as drivers who rent their primary residence.

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction (BAC of >= .08) and lapse in coverage.

Written by
Sara Coleman
Insurance Contributor
Sara Coleman has three years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability.
Edited by
Senior Insurance Editor