Geico stands for Government Employees Insurance Company. It was founded in 1936 and sold insurance to military personnel and government employees. It is now a subsidiary Berkshire Hathaway’s Warren Buffet and covers more than 28 million vehicles. It is the 2nd-largest carrier in terms of insurance policies written (7%). Geico is often ranked #1 in Bankrate’s Best Car Insurance Reviews for the cheapest coverage.
Amica has its headquarters in Rhode Island, where it was established in 1907. Amica is the oldest auto insurance company in America. However, it does not rank among the top 25 insurance providers in premiums. J.D. Power consistently rates Amica high in customer satisfaction. According to J.D. Power’s annual surveys. Platinum Choice Auto offers affordable car insurance. Drivers can upgrade to Platinum Choice Auto to get premium features like glass repair or replacement without deductible, rental reimbursement with higher limits, and replacement coverage.
Geico vs Amica: car insurance rates comparison
Here’s a comparison of Amica and Geico. AM Best gives an indication of an insurance company’s financial strength, when it comes to paying out claims. J.D. J.D. Power publishes an independent customer satisfaction study each year based on responses from policyholders. Bankrate gives each carrier a maximum score 5 to simplify the information.
Rates based on credit score
There are many factors that can impact the cost of your car insurance. Many car owners are shocked to learn that their credit score is one of the factors. Insurance companies might run a credit check on you if you don’t live in California, Massachusetts, or Hawaii. This will determine how much your premiums. A higher credit score generally means a lower annual rate. This is how your FICO could affect your rates with these carriers.
Rates based on age
Car insurance companies have found that younger drivers are more risky to insure than older drivers because they have less driving experience. Geico rates are significantly lower for younger drivers than Amica, according to a Geico vs. Amica Comparison.
Driving record rates
Based on DUI convictions, tickets and accidents, both carriers will charge more car insurance for drivers who are at higher risk. DUI is the most serious offense. A speeding ticket can have a significant impact on your premiums, even more so than an accident.
Geico vs Amica: discounts
Every carrier offers its own discount list to help current and prospective policyholders save money on their car insurance. Geico and Amica offer more than a dozen discounts. These include the usual autopay, vehicle safety equipment, and good student discounts. The best discounts for saving money are:
Amica
- Bundling — Get coverage for your vehicle and home to get up 30%
- Training for young drivers — Drivers aged under 21 may be eligible to receive a discount on their coverage if they successfully complete a Young Driver Training Program.
- Multi-car — Take up to 25% off if you insure more than one vehicle.
Geico
- Good driver — You can get up to 22% off your premiums if you’re accident-free for at least five years.
- Multi-car — Geico may offer up to 25% savings if you insure more cars than one.
- Military personnel deployed in an “imminent danger area” may be eligible for a 25% reduction of premiums.
Geico vs Amica – Online and Mobile Experience Comparison
Both companies offer a mobile app that allows you view and download your insurance cards, manage payments, and track your claims. Geico’s mobile app offers more advanced features such as business chat, which allows for you to text your agent or Geico customer support representative and the photo estimate function, which allows to receive an estimate by simply uploading a few photos directly from the app.
Amica
- Apple Store — 4.5% Amica’s mobile app is compatible with Apple’s security features, such as face recognition or touch ID. In just a few clicks, you can file and track claims, view information regarding your policy, or call roadside assistance.
- Google Play — 4.5%. Android users don’t rate the app as well as iOS users. The functionality is identical, including access to insurance cards and roadside assistance, as well as the ability to file/track any claims.
Geico
- Apple Store — 4.5% You can access your coverages 24 hours a day via the app. The Business Chat feature allows you to chat with your agent, or customer service via the iMessage interface.
- Google Play 4.8/5 Although some customers complain about the slow loading times, you can still view your insurance cards and manage your account. You can also take photos with your phone to get an estimate.
Questions frequently asked
Are Amica and Geico better?
There are many factors that can determine which carrier is the best. Both Amica, Geico and other long-standing companies have good customer reviews and financial stability. It all comes down to how much coverage you want and what the cost.
Geico is cheaper than Amica
Geico is usually cheaper than Amica. Bankrate however found that both companies offer competitive pricing. Amica can sometimes be cheaper than Geico depending on the driver profile.
How can I choose the best car insurance company for me?
Start by looking at customer reviews from J.D. to find the best car insurance company. Power and other independent reviews. Check out the different coverages and discounts available. Take a look at the rates offered by different carriers and compare them before you choose one.