Are you trying to decide between Allstate vs. Amica? These are both leading insurance companies within the US. Allstate is the 2nd largest auto insurance provider right after State Farm. Amica has had the highest customer satisfaction rating continuously for the past ten years.
Here are some more facts and figures on Amica and Allstate to help you make an easier decision.
Also, be sure to enter your zip code above for a free car insurance comparison!
What Makes Allstate One Of The Leading Insurance Companies?
Allstate is biggest US publicly held company that offers personal lines of insurance and financial products. It has more than 17 million policyholders in the US. Allstate employs nearly 37,000 individuals and has over 14,000 agents.
Allstate’s famous slogan “You’re in good hands with Allstate” came out in 2004.
Allstate Insurance And Financial Products
Allstate provides:
- Homeowners
- Auto
- Life
- Retirement planning
- Annuities
- Mutual funds
Allstate offers a special discount on your auto insurance if you do not have any accidents or violations for 3 years and an additional discount if you maintain a clear record for 5 years.
How Did Allstate Get Started?
In 1930 a friend of Robert E. Wood, the the president of Sears, Roebuck and Company, suggested that Sears should create an automobile insurance company and offer it through the mail. By 1931, Allstate became a division of the company.
In 1993, Allstate separated from Sears, Roebuck and Company and formed a publicly traded firm. By June of 1995, all of its financial ties to Sears were cut when Sears divested the rest of its shares to Sears stockholders.
Amica’s 100 Years Of Experience
In 1907, the Automobile Mutual Insurance Company of America (Amica) began offering auto insurance in Providence, Rhode Island. The founder, A. T. Vigneron based his company on selling to low risk drivers and paying dividends exclusively to the policyholders. Amica was able to increase its number of policyholders and pay out dividends on most policies during the market crash of 1929.
Today, Amica has 3,000 employees and provides insurance in 39 states across the country. It moved its headquarters from Providence to Lincoln, Rhode Island in 1994 to a bigger office complex.
What Does Amica Sell?
Amica offers investment and insurance products including:
- Marine
- Automobile
- Life
- Personal liability umbrella
- Homeowners
- Annuities
- Retirement plans
How Do Customers Rate Allstate And Amica?
Each year J.D. Powers & Associates performs a “National Homeowners Insurance Study” and a “National Auto Insurance Study”. This research asks thousands of consumers about how satisfied they are with their insurance provider.
A scale of 1 to 5 is used. One means less than “the rest” of the other companies and 5 means “among the best”. Here are the results for both companies shown as Allstate first and Amica second.
“2009 National Homeowners Insurance Study”
- Customer Overall experience – 3, 5
- Prices – 3, 5
- Policies offered – 3, 5
- Contacting Insured – 3, 5
- Payment and billing – 3, 5
“2009 National Auto Insurance Study”
- Customer Overall experience – 3, 5
- Prices – 2, 5
- Policies offered – 3, 5
- Contacting Insured – 3, 5
- Payment and billing – 3, 5
Allstate or Amica?
So – should you buy your car insurance from Amica or Allstate? Well, the decision is up to you because everyone’s situation is different but be sure to do your research and compare quotes from many different companies before buying. Enter your zip to get started comparing quotes and saving money now!
