Amica vs Geico Home Insurance: Difference and Comparison

Many insurance companies are evolved in this century. Amica and Geico are two different types of home insurance. Home insurance is essential for sudden happenings. Both of them provide many benefits and advantages.

Key Takeaways

  1. Amica offers home and auto insurance with a strong reputation for excellent customer service and claims handling.
  2. Geico is primarily an auto insurance provider but offers home insurance through various affiliated companies.
  3. Amica tends to have higher premiums, but its emphasis on quality service and coverage options may justify some customers’ costs.

Amica Home Insurance vs Geico Home Insurance

Amica offers a broader range of coverage options, including identity theft, home business coverage, etc. GEICO offers more basic coverage options, including dwelling, personal property, and liability coverage. Amica provides discounts on security services, unlike GEICO.

Amica Home Insurance vs Geico Home Insurance

The name of Amica’s home insurance company is Amical mutual insurance company. The headquarters of Amica Mutual Insurance is located in Lincoln. In 1907, Amica Insurance was established.

Amica Home Insurance is the oldest insurance company in the United States. Amica Mutual Insurance Company is known for its financial strength and customer service.

Amica Life insurance company, Amica Property and casualty insurance company, and Amica general agency are the subsidiaries of Amica Mutual insurance company.

Home insurance is more important than owning a home. Home insurance provides financial protection for your home. Home insurance is also called homeowners insurance.

The GEICO stands for Government Employees Insurance Company. The Geico insurance company is the second-largest company in the United States.

The Headquarters of Geico is located in Maryland in the United States. In 1936, The Geico insurance company was founded. Around 40,000 employees are working in Geico insurance company.

Comparison Table

Parameters of comparisonAmica Home InsuranceGeico Home Insurance
Personal property coverageGeico home insurance covers 70% of dwellingThe monthly cost of Geico home insurance is $116
Monthly priceThe monthly price of Amica home insurance is $94Amica home insurance has catastrophic coverages
DiscountsAmica home insurance provides five discountsGeico home insurance provides three discounts
Unique featuresGeico home insurance has valuable collectionsGeico home insurance have valuable collections
Fraud monitoringAvailable in Amica home insuranceNot available in Geico home insurance

What is Amica Home Insurance?

Amica Home Insurance has many coverages. They are dwelling coverage, other structures coverage, personal property coverage, personal liability coverage, and loss of use coverage.

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The dwelling coverage includes damage caused by natural disasters like the wind. It also covers fire accidents. The other structure’s ranges include sheds and fences.

Personal property covers your furniture and electronics. Personal Liability coverages include accidents to your loved ones or essential objects. The loss of use coverage provides temporary housing and rental expenses.

Amica Home Insurance also provides extended home insurance coverage.

They are dwelling replacement coverage, personal property replacement coverage, valuable items coverage, catastrophic coverages, Identify fraud expense coverage and home business coverage.

The dwelling replacement coverage provides an additional 30% limit. The personal property replacement coverage will give the total expense for repairing the products. The valuable item coverage protects your helpful things.

Catastrophic coverages protect against natural disasters. The fraud expense coverage helps to identify fraud influences. The home business coverage includes the business running in the home.

Amica Insurance Company provides premier home coverage. The platinum choice of Amica is an excellent feature. It is a convenient package.

Along with the abovementioned features, platinum includes water backup, computer storage, credit card coverage, and medical payments.

What is Geico Home Insurance?

The Geico insurance company has the best home insurance packages. Home insurance is an investment for your family. Geico home insurance provides various coverages.

They are property damage coverage, personal property coverage, and jewellery coverage. The property damage covers the damage caused by wind and fire.

The personal property coverage includes furniture, clothes, and electronics. The jewellery coverage includes all your valuable jewellery. These three are the essential features of Geico home insurance.

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Geico home insurance covers personal liability, medical bills, and additional expenses. Personal liability includes personal liability issues.

The medical expenses cover all the fees for the medicines and treatments. The additional prices include the extra cost that you have not experienced before.

Geico home insurance provides three discounts: multi-policy discounts, home security system discounts, and fire extinguishers. It is an easy way to get home insurance in Geico.

Getting a quote is the first step, and the second and final step is your policy services and claims.

Geico also provides various insurance like renters, condos, mobile homes, landlords, and flood insurance. The umbrella insurance is a unique add-on in Geico insurance.

The umbrella insurance protects from accidents and lawsuits. Geico home insurance is known for its financial strength and ratings for the company.

First-time homebuyers and Current homeowners must need home insurance to protect their property.

Main Differences Between Amica Home Insurance and Geico Home Insurance

  1. Amica home insurance covers 75% of the dwelling, whereas Geico home insurance covers 70%.
  2. The monthly price of Amica home insurance is $94, but The monthly price of Geico home insurance is $116.
  3. Amica home insurance provides five discounts, whereas Geico home insurance provides three discounts.
  4. The unique feature of Amico home insurance have catastrophic coverages, and Geico home insurance has valuable collections.
  5. Amica home insurance has a fraud monitoring feature, whereas Geico home insurance has no fraud monitoring option.
References
  1. https://consumerfed.org/pdfs/Allstate_Report_071807.pdf
  2. https://elibrary.ru/item.asp?id=14343816

Last Updated : 13 July, 2023

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11 thoughts on “Amica vs Geico Home Insurance: Difference and Comparison”

  1. It is surprising to see the differences in coverages and discounts between the two insurance providers. This article certainly helps understand them better.

    Reply
  2. I beg to differ, the cost differences that the article lists are significant and can be a deciding factor in choosing between the two insurance providers.

    Reply
  3. This article contains a well-organized comparison of the two insurance companies. It makes it easier to understand the pros and cons of each.

    Reply

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