Amica Mutual vs. Electric: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Electric offers significantly less expensive prices than Amica Mutual
• Electric has more affordable rates for policyholders who drive fewer than 12,000 miles yearly
• Electric offers cheaper average prices for policyholders who live in the suburbs

Amica Mutual or Electric: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You might be considering Amica Mutual or Electric for your next policy, but between the two, which carrier has more affordable rates for auto insurance?

Looking at nationwide averages, Electric is quite a bit cheaper than Amica Mutual, with premiums averaging $266 a month compared to $359 with Amica Mutual.

That being said, Electric may not be the cheapest or best option for every single driver out there. Insurance carriers use tons of complex algorithms to determine prices, so depending on how old you are or how good your credit score is (among an array of other factors), you could see wildly different rates from the ones above.

Wanting to know if Amica Mutual or Electric is really the right carrier for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Amica Mutual vs. Electric: Average Car Insurance Rates by State

Amica Mutual and Electric only compete against each other in one states, with Electric offering less expensive prices to the average driver in all of them. Connecticut has the most noticable difference, where Electric rates are $62 cheaper than car insurance premiums at Amica Mutual.

But there's more to calculating insurance prices than just the state you live in. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for car insurance than any other group of drivers out there on the road. It's because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

But that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. As you can see above, teens who use Electric save over 15% per month compared to those who use Amica Mutual.

Even so, both companies will drop premiums by the time you turn 25. For example, average prices for Amica Mutual policyholders reduce almost 60% and Electric's premiums decrease nearly 55% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the lowest insurance rates out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

But who has the best prices for retired drivers between Amica Mutual and Electric? Electric gets the edge, with rates for drivers 65 and older almost 50% more affordable than the national average for Amica Mutual.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly cheaper auto insurance premiums than those who are single. That's normally because married drivers tend to own and insure several vehicles, which can often earn you a discount.

For single drivers, the difference in average rates between these two carriers is significant, with Electric prices coming in at a quarter less than Amica Mutual's. The advantage for married couples with Electric is also obvious, where drivers save more than 35% a month.

Amica Mutual or Electric: Average Rates by Gender

Men are statistically more likely than women to get speeding tickets and get into collisions. That means when it comes to insurance men will typically end up paying a little more.

Men usually pay around $6 per month more than women with Amica Mutual, and about $20 with Electric.

Looking at the data for each company specifically, Electric offers the most affordable average premiums for both men and women. On average, women save about $99 a month and men save around $86 with Electric compared to the average Amica Mutual policyholder.

Amica Mutual vs. Electric: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Car insurance isn't the easiest topic to understand. Everyone needs auto insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

However, the most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability coverage).

Looking specifically at state minimum liability insurance, Electric has the significant edge, with average monthly rates coming in at $150. If you want a full coverage policy with the same state minimum limits, Electric again has the edge, with policies averaging about $383 per month to Amica Mutual's $508.

Is Amica Mutual or Electric Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

Speeding tickets and collisions will most likely raise your premiums, but is Amica Mutual or Electric less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Amica Mutual for their car insurance can normally expect their monthly bill to go up around 20% after getting a speeding ticket. Electric policyholders can expect a less drastic increase of about 12%.

Even so, Electric has more affordable rates for drivers in both categories, offering prices that are 3% and 12% cheaper, respectively, compared to Amica Mutual Insurance.

Which Company is Best for Drivers After an Accident?

Amica Mutual drivers who get in an accident can expect to see their premiums climb by over 15%, while those who have insurance through Electric will see around a 10% increase.

At the end of the day, Electric offers the cheapest prices for drivers with an at-fault collision on their records, with average rates coming in at $236 compared to Amica Mutual Insurance's $254.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even a collision. For example, Amica Mutual increases average prices by nearly $500 a month -- that's nearly a 70% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Electric tends to be less expensive for the average driver, with monthly premiums coming in at about $385 to Amica Mutual's $699.

How does Credit Score Impact Amica Mutual and Electric Rates?

Did you know many auto insurance carriers take into account your credit score when determining premiums? This isn't true for everyone (for example, California and Michigan are two states that ban the practice entirely), but it does affect a lot of policyholders out there.

The reasoning insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so typically, they'll be asked to pay more, while those with good credit will be rewarded with more affordable prices.

Looking at Amica Mutual and Electric specifically, which company has the best rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Electric will generally reward you the most. For drivers with "excellent" credit scores, Electric comes in more than 36.55 cheaper. Drivers with "good" credit scores normally save around 29% with Electric compared to average premiums from Amica Mutual.

Which Company is Best for Drivers with Bad Credit?

Electric typically offers lower prices than Amica Mutual when it comes to drivers with bad credit. Drivers with "fair" credit pay about 33% per month less with Electric compared to Amica Mutual, and those with "poor" scores generally save an average of around 21% monthly.

Is Amica Mutual or Electric Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly rates. Usually, those who drive fewer miles will end up with less expensive premiums since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Amica Mutual charges. However, there's a pretty significant difference in monthly prices for Electric, with policyholders who drive 6,000 miles annually paying about $33 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Electric is the more affordable carrier.

Amica Mutual or Electric: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a big role in how much you pay for auto insurance. Typically, those who live in rural areas will pay less than policyholders in urban areas due to the small number of cars that are on the roads where they live.

Electric tends to offer the most affordable premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Electric's average prices are around $304 a month compared to Amica Mutual's $408. Drivers in suburban ZIP codes pay about $234 with Electric compared to Amica Mutual's $348 a month. If you live in a rural area, you can expect to pay around $262 per month with Electric compared to Amica Mutual's $321.

Amica Mutual vs. Electric Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can. That's where auto insurance discounts comes into play.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you qualify for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Amica Mutual and Electric so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Electric knocks Amica Mutual out of the park when it comes to the sheer number of discounts available, offering 17 different discounts to Amica Mutual's 17.

Both carriers offer several of the same discounts -- like -- but Electric also offers discounts for ABS, advance quote, anti-theft, and more.

Amica Mutual's discounts come through just.

Final Thoughts: Is Amica Mutual or Electric Best for You?

So, we've broken down the average premiums for many of the variables insurance companies look at, and walked through the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, is Amica Mutual or Electric the best one for you and your specific needs?

Electric might be best for you if....

• You will be the only person on the car insurance policy.
• You're looking for discounts -- Electric has the most.
• You want to save money while purchasing auto insurance for a teenager.

Amica Mutual might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide helps you get a good idea of the differences between Amica Mutual and Electric. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple carriers, not just Amica Mutual and Electric. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best auto insurance companies in your area, all for free.

Amica Mutual vs. Electric FAQs

Is Amica Mutual or Electric cheaper?

Electric is the less expensive of the two carriers when looking at national average rates, with policies averaging $266 per month with Electric and $359 for Amica Mutual. But that doesn't mean Electric will be the cheapest company for every policyholder, since there are a bunch of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Amica Mutual or Electric?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not "better" for each policyholder -- it all boils down to your unique car insurance profile.

Why do Amica Mutual and Electric offer me different rates?

Insurance companies use many different variables when calculating the premiums they charge. Things such as your driving record, gender, age, where you call home, and sometimes even things like your credit score can all be used. Both Amica Mutual and Electric calculate prices differently, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from multiple different carriers.

How do I know if Amica Mutual or Electric is right for me?

The only way to find the auto insurance carrier that's right for you is by getting quotes from several companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Amica Mutual or Electric at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.