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Last updated on Apr 28, 2020

Amica Renters Insurance Review

Amica’s renters insurance helps protect against losses due to fire, theft, or vandalism, at an affordable price. Reviews.com Renters Insurance Score: 2.9/5.0 | 7/11 insurance companies ​
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Amica

  • Excellent customer service
  • Easy-to-understand coverages 
  • Available in all states except Alaska & Hawaii
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How We Reviewed Amica

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7 companies compared

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4 features evaluated

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5 ratings analyzed

Amica Renters Insurance Review

Amica is well-known as a trusted insurance provider. The company’s renters insurance offers basic coverage at low average prices. Amica also provides a few optional coverages at additional cost.

The provider’s wide reach encompasses the continental U.S. But residents in Alaska and Hawaii will have to look elsewhere for renters insurance. 

Amica holds the top ranking in J.D. Power’s 2019 U.S. Property Claims Satisfaction Study, which speaks to the company’s focus on customer satisfaction.

Amica has been selling insurance for over a century, and maintains a good standing with professional organizations. AM Best rated the company A+ for financial strength. Renters interested in insurance will find Amica to be a safe bet.

Pros Cons
Excellent Customer ServiceLong track record in the industryOffers discounts on policiesUnavailable in Alaska & Hawaii Full replacement cost for personal property is not included in standard coverage

The Renters Insurance Factors We Analyzed

Customer experience 

The latest renter’s insurance study from J.D. Power did not take Amica into account, but J.D. Power’s 2019 U.S. Property Claims Satisfaction Study ranked Amica best of the business at 5 out of 5 in overall customer satisfaction. 

The customer complaints recorded by the National Association of Insurance Commissioners (NAIC) show Amica has fewer than average complaints, although the majority of those complaints stem from Amica’s auto insurance policies.

Amica’s website is informative and easy to navigate. The company offers two ways to get a quote on renters insurance—people can call in and talk to an agent or fill out their information with the online quote tool.

Financial strength 

Although Amica does not hold any current rating from Moody’s or Standard & Poor, the provider received an A+ (superior) financial strength rating from A.M Best. Amica’s positive rating from A.M Best is important because it signifies the company’s strong ability to pay claims. 

Coverage information

Amica’s standard policy comes with all of the coverages that one would expect, including personal property coverage, personal liability coverage, and loss of use coverage. It’s a no-frills insurance policy that’s easy to understand.

The provider’s optional coverage for renters include heightened coverage for personal effects, like personal property replacement and scheduled personal property. 

Amica also offers additional coverage for computers and smart devices, which definitely comes in handy for modern-day renters. Identity theft coverage is offered at an extra cost, as well.

Deals, discounts, and add-ons

Amica offers 5 different discounts on their renters insurance. The provider offers a loyalty discount for policyholders of 2+ years and a multi-line discount for renters who also purchase Amica car insurance. 

Amica offers a claims-free discount to renters who don’t file claims for 3 consecutive years. And the company discounts policies when renters set up auto-payment and/or online billing

Amica Renters Insurance Overview: Financial Strength, Availability, and History

Founded in 1907, Amica was the first mutual auto insurer in the U.S. The company expanded their offerings to include home and life insurance—and today, Amica is known as a customer-focused company with solid financial strength. 

The Better Business Bureau awarded Amica an A+ rating. And although the company has not received a rating from Standard & Poor or Moody’s, AM Best rated Amica as A+ for their superior financial strength. This provider’s renters insurance is available anywhere in the continental U.S.

  • In business since: 1907
  • S&P Financial Strength Rating: N/A
  • Moody’s Financial Strength Rating: N/A
  • AM Best Financial Strength Rating: A+
  • States served (availability): 48 states, unavailable in Alaska & Hawaii

The Competition


AM Best Financial Strength RatingJ.D. Power 2019 U.S.  Renters Insurance Study ScoreNAIC Customer Complaints
Amica A+N/AFewer complaints than average
USAAA++5/5Fewer complaints than average
State FarmA++5/5Fewer complaints than average
American FamilyA5/5Fewer complaints than average
AllstateA+2/5Fewer complaints than average
NationwideA+2/5Fewer complaints than average
FarmersA2/5Fewer complaints than average

*All information accurate as of 4/8/2020.

The Bottom Line

Renters looking for a straightforward insurance policy will appreciate the simplicity and ease of doing business with Amica. 

This provider’s standard policy includes what’s expected, but nothing more. However, renters can extend the limits of their coverage with Amica’s additional coverage options.

Thanks to Amica’s excellent online resources and optional coverage for smart devices, younger renters will appreciate policies from this provider. 

The century-old company is held in high regard among professional organizations in the insurance industry, and Amica’s financial strength indicates the provider will have no trouble paying claims.

Amica FAQ

About the Authors

Michael Evans

Michael Evans Contributing Writer

Michael Evans is a freelance finance writer. His work has been published by Bankrate, Fox Business, The Guardian and Yahoo Finance.