State Farm vs. Amica
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Founded in 1922, State Farm offers a portfolio of products, ranging from automobile and property insurance to checking and savings accounts and retirement plans. It is also the largest property and casualty insurer by market share.
Founded in 1907, Amica Insurance specializes in car, home, liability and marine insurance, but also offers insurance products for small businesses. While the provider does not rank among the top ten insurers by market share, Amica often ranks highly in J.D. Power customer satisfaction studies. For more info, go to amica.com or call 1-800-242-6422.
Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company’s true score in each category out of a possible five points.
State Farm vs. Amica comparison
When assessing the coverage offerings between Amica vs. State Farm, their policy types match up nicely, both offering a full lineup of standard coverage types with optional protections and discounts to help you save money. However, our analysis found significant rate differences between how much the two carriers charge young drivers and certain high-risk motorists.
State Farm pros and cons
|Writes car insurance policies in all 50 states and Washington D.C.
Local agents available
Ranked #1 in J.D. Power’s 2022 U.S. Auto Insurance Study in the Southwest region
Auto, health, home and life insurance products available
|Only a few optional coverage types
High average rates for people with poor credit
No loyalty discount
Amica pros and cons
|Writes auto insurance policies in all states, except Hawaii, and Washington, D.C.
Top ranking in 2022 J.D. Power U.S. Auto Claims Satisfaction Study
Car, home and life insurance products available
Homeownership and loyalty discounts available
|Few local offices
No rideshare coverage available
High average rates for teen drivers
Is State Farm cheaper than Amica?
Based on rates provided by Quadrant Information Services, Bankrate determined that Amica offers slightly lower average annual auto insurance rates than State Farm. Comparing average rates can help you determine which insurance carrier best fits your budget. However, insurers set premiums based on several personal factors, which can include your driving record, annual mileage, location and vehicle type, among others.
|Car insurance company||Average annual premium for full coverage||Average annual premium for minimum coverage|
Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 coverage that meets each state’s requirements. Our base profile drivers own a 2021 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.
Amica is generally cheaper for drivers with poor credit
Some insurance companies use credit-based insurance scores when determining car insurance rates. Automobile owners with poor credit often pay higher rates than those with good credit. Most states — excluding California, Hawaii, Maryland, Michigan and Massachusetts — allow insurance companies to use credit-based insurance scores when determining auto insurance rates.
Based on Bankrate’s research, Amica offers much lower rates than State Farm to people with poor credit.
|Credit score||State Farm||Amica|
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. Four states prohibit the use of credit-based insurance scores as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
State Farm is generally cheaper for young drivers
Statistically, young drivers have more traffic accidents than older, more experienced motorists. To mitigate the risk, insurers typically charge young drivers higher car insurance rates. According to our research, drivers aged 16 to 20 on their parents’ policy may experience lower rates by choosing State Farm over Amica.
The rates displayed reflect the total cost of a 16- through 20-year-old driver added to their parents’ policy.
Amica is generally cheaper for adult drivers
Although Amica charges higher average rates to teen drivers, it generally offers more favorable premiums than State Farm for older drivers. By maintaining a good driving record, some young drivers can experience a significant rate reduction by the time they reach age 25. The following table showcases average rates for each company for drivers on their own policy,
Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.
State Farm is generally cheaper for high-risk drivers
According to our study, State Farm offers lower average rates to high-risk drivers than Amica, depending on the type of infraction. For instance, State Farm charges higher average rates than Amica following an at-fault accident, but much less than Amica following a DUI conviction.
Bear in mind that, while Bankrate has provided sample rates following a DUI-conviction, some insurance companies may not offer auto insurance to drivers with a history of DUI offenses. You may want to contact a licensed representing agent directly to see what coverage is available to you.
|Driving record||State Farm||Amica|
|Clean driving record||$1,480||$1,467|
|Speeding ticket conviction||$1,704||$1,788|
Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.
State Farm vs. Amica: discounts
While State Farm offers a handful of discounts for car insurance policyholders, Amica provides a more well-rounded selection of savings. In some cases, discounts can significantly reduce your auto insurance premium, so it’s worthwhile to take advantage of all discounts for which you qualify. Actual discount amounts may vary by insurer and location.
State Farm unique discounts
- Multiple auto discounts – You might earn a discount if you insure more than one vehicle with State Farm.
- Responsible driver discounts – State Farm offers a variety of good driver discounts. Remaining accident-free, avoiding traffic violations or taking a defensive driving course may qualify you for additional savings on your auto insurance policy.
- Vehicle safety discounts – Vehicles equipped with anti-theft systems and passive restraint devices, such as an airbag system, may qualify for a discount.
Amica unique discounts
- Homeownership discount – Auto insurance policyholders may earn a discount if they own a home, even if they do not carry an Amica homeowners policy.
- Loyalty discounts – Remain an Amica policyholder for at least two years and you might qualify for a discount. The provider also offers loyalty discounts to drivers under age 30 whose parents have carried an Amica car insurance policy for five or more years.
- Payment discounts – Paying your premium in one payment, opting for electronic policy documents and bills or signing up for automatic payments may qualify you for a discount.
- Youthful driver discounts – Amica gives young drivers several ways to reduce their premiums. College and high school students may qualify for a discount if they maintain a “B” or higher grade point average and motorists under age 21 might earn a savings by taking a driver training course. Students may also qualify for a discount when they go away to school, but leave their car at home.
Usage-based insurance comparison: State Farm vs. Amica
Usage-based insurance programs track your driving habits using a telematics device or mobile app. Typically, insurers offer premium discounts or other types of rewards to drivers who maintain safe driving habits. State Farm and Amica both offer usage-based insurance programs, but they are not available in all states. State Farm’s program is called Drive Safe & Save. Amica’s program is called Streetsmart.
|State Farm Drive Safe & Save||Amica StreetSmart|
|Telematics device||Bluetooth beacon and mobile app||Mobile app|
|Monitored driving factors||Distracted driving, fast cornering, hard braking, quick acceleration and speeding||Hard acceleration, hard braking, hard cornering, phone use, road segment type and speeding|
|Potential impact on rates||Potential discount may vary by policy term, depending on your driving habits||Potential policy discount and rewards, such as gift cards for popular retailers|
|Potential discount||Discounts are capped at 30 percent for New York drivers, but may exceed 30 percent in other locations||Up to 20 percent|
|Availability||Available in all states, except California, Massachusetts and Rhode Island. Drive Safe & Save discounts are not available to all North Carolina drivers.||Available in Arizona, Colorado, Connecticut and Oregon|
State Farm vs. Amica: customer experience comparison
In the 2022 J.D. Power U.S. Auto Claims Satisfaction Study, both carriers ranked above-average, but Amica ranked first while State Farm ranked seventh. Both carriers offer mobile apps that enable you to manage your policy and file a claim. Amica’s app also gives you the ability to access and pay your bill online. Although both providers’ apps have earned high ratings for Android and Apple devices, Amica’s Android app has received a lower rating.
|Customer satisfaction||State Farm||Amica|
|Apple store||4.8 out of 5||4.8 out of 5|
|Google play||4.7 out of 5||3.8 out of 5|
|J.D. Power||882 / 1,000||903 / 1,000|
Frequently asked questions
Amica and State Farm write home insurance policies. Both insurers also offer bundling discounts to qualified customers who purchase auto and homeowners insurance policies.
Based on our analysis, U.S. motorists pay an average annual premium of $2,014 for full coverage and $622 for minimum coverage. While these averages serve as a helpful point of comparison, your personalized rate will likely differ. For personalized rates, request quotes from several insurance companies.
Based on average annual coverage premiums, State Farm is slightly cheaper than Amica. However, rates vary based on your personal rating factors, so State Farm might not have lower rates than Amica in all situations. However, both carriers have average annual premiums well below the average nationwide cost of car insurance, for both minimum and full coverage.
The state you live in plays a large role in the cost of your car insurance premium. State Farm is licensed in all 50 states and Washington, D.C. Amica writes auto insurance in all states except Hawaii.
Yes, both State Farm and Amica offer online quotes. However, you don’t have to get your quote online. If you’d rather work directly with an agent, both carriers enable you to request a quote over-the-phone with an agent. State Farm operates local agencies across the country, while Amica only has offices in a few locations.