Amica vs State Farm is similar to comparing 2 different kinds of giants. State Farm has been the largest automobile insurance company in the United States since 1942. Amica is not the largest insurer or even the 2nd or 3rd in size. However it has earned awards for having the “highest customer satisfaction among national auto insurers” for the past 10 years straight.
In order to get a complete picture of Amica and State Farm you need to find out more information. Read on to compare Amica and State Farm in depth and then enter your zip code in for a free car insurance comparison!
Amica Beginnings
103 years ago, A. T. Vigeron believed that horseless carriages were going to totally change the American way of life. He formed an automobile insurance company in 1907, within Providence, Rhode Island. In 1994, Amica moved its headquarters to a bigger corporate park close to Lincoln, Rhode Island.
How Big is Amica?
Amica has 3,000 employees across the United States and has offices in all the states in the United States except for Hawaii. It’s insurance product lines have expanded from exclusively selling auto insurance to currently offering:
- Automobile
- Permanent and term life
- Health
- Annuity funds
- Retirement
- Marine, small to large craft
- Homeowners
- Condominiums
- Renters
- Umbrella personal liability
How Did State Farm Start?
In June of 1922, George Mercherle started State Farm Mutual Automobile Insurance Company with Minnie Jones and Verna Crusades in Bloomington, Illinois. The automobile insurance focused on selling to farmers to provide them with lower rates. Mercherle’s purpose was to provide farmers with reduced premiums based on the fact that they drove less often than city residents.
There were 125 agents working for State Farm by 1925. Currently, State Farm has 17,627 agents and 343 offices across the United States and in Ontario, Alberta and New Brunswick, Canada.
Why is State Farm the Largest US Auto Insurer?
State Farm has employs 67,029 individuals to service 78.8 million policyholders. Their policies break down into these insurance categories:
- Auto – $42.4 million
- Property and Casualty – $27.4 million
- Life – $7.8 million
- Health – $1.2 million
State Farm has $3.7 billion in mutual fund assets under their management and 424,914 individual mutual fund accounts. It maintains 2 million “State Farm Bank®” accounts in the United States.
State Farm provides about 100 products within several types of insurance and financial services including:
- Marine
- Auto
- Homeowners
- Renters
- Condominium owners
- Life
- Annuities
- Business Property and Casualty
- Surety & Fidelity Bonds
- Banking
Amica And State Farm’s Customer Satisfaction
Here are J. D. Power & Associates results from homeowner and auto insurance studies. The ratings display Amica first and State Farm second. All Amica’s ratings are 5.
“2009 National Homeowners Insurance Study”
- Pricing – 5, 4
- Billing and payment – 5, 4
- Policies offered – 5, 4
- Contacting insured – 5, 5
- Customer overall experience – 5, 4
“2009 National Auto Insurance Study”
- Pricing – 5, 3
- Billing and payment – 5, 4
- Policies offered – 5, 4
- Contacting insured – 5, 5
- Customer overall experience – 5, 4
State Farm or Amica for Car Insurance?
When deciding between State Farm and Amica for a car insurance policy it is important to remember that there are many different companies to compare. Enter your zip to start your own free car insurance quote comparison!
