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

Quick Facts

• Looking at the national averages for car insurance, Amica Mutual offers significantly more affordable prices than Preferred Mutual
• Amica Mutual has cheaper premiums for policyholders who may not have much of a commute
• Preferred Mutual offers more discounts than Amica Mutual Insurance

Amica Mutual vs. Preferred Mutual: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. You've probably seen commercials and billboards from companies offering big discounts, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Amica Mutual or Preferred Mutual as potential options, but which carrier will offer you less expensive rates?

As you can see, Amica Mutual is quite a bit cheaper than Preferred Mutual, with premiums averaging $359 per month compared to $542 with Preferred Mutual when looking at the national average rates for insurance.

Even so, Amica Mutual may not be the cheapest or best option for each driver out there. Car insurance companies use tons of complex algorithms to calculate prices, so depending on where you live or how old you are (among a bunch of other factors), you could see wildly different rates from the ones above.

Wanting to know if Amica Mutual or Preferred Mutual 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 or Preferred Mutual: Average Car Insurance Rates by State

Amica Mutual and Preferred Mutual only compete against each other in one states, with Preferred Mutual offering cheaper prices to the average driver in all of them. Massachusetts has the most noticable difference, where Preferred Mutual premiums are over 20% less expensive than insurance rates at Amica Mutual.

But there's more to calculating auto insurance prices than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for car insurance than any other group of drivers. Normally, that's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Amica Mutual for their auto insurance pay nearly $400 less than those who use Preferred Mutual.

But with both carriers, you'll see your prices reduce significantly by the time drivers turn 25. For example, average premiums for Amica Mutual policyholders decrease almost 60% and Preferred Mutual's prices lower more than 55% over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates you can find.

When looking at Amica Mutual and Preferred Mutual specifically, which company is best for retired drivers? Amica Mutual gets the edge, with premiums for drivers 65 and older $53 more affordable than the national average for Preferred Mutual.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive car insurance rates than married couples. That's typically because married drivers tend to own and insure several cars, which can often earn you a discount.

When it comes to relationship status, Amica Mutual is the clear winner for single drivers, with prices about $229 a month cheaper than Preferred Mutual, on average. For married policyholders, the advantage is clear again - Amica Mutual has the edge when it comes to average premiums.

Amica Mutual vs. Preferred Mutual: Average Rates by Gender

Because men are more likely to get into collisions and get speeding tickets, they have a higher chance of filing a claim with insurance. Therefore, men tend to get higher rates than women.

Typically, men see rates around 2% per month higher with Amica Mutual, and about 3% more with Preferred Mutual.

Looking at the data for each carrier specifically, Amica Mutual comes out as the lowest option for both genders, with average premiums 34% less for men and 33% cheaper for women.

Amica Mutual or Preferred Mutual: 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.

Auto insurance can be a complicated subject for most people. There are so many different terms and limits that it can make it pretty confusing to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers if you cause an accident) and full coverage (which generally refers to having comprehensive and collision coverages in addition to what you get with liability).

If you're looking for state minimum liability insurance, Amica Mutual normally offers more affordable prices of $210 compared to Preferred Mutual's $234. When it comes to full coverage policies with similar limits, Amica Mutual again has the edge, with policies around $350 a month less expensive than Preferred Mutual, on average.

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

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that tickets and accidents lead to higher premiums, but which company -- Amica Mutual or Preferred Mutual -- has the cheapest rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Amica Mutual policyholders can expect their prices to go up an average of $53 per month if they get a ticket, while Preferred Mutual usually raises premiums about $3 a month, on average.

That being said, Amica Mutual is typically the cheaper option for both drivers who have a recent speeding ticket and those with clean records, offering prices that are 45% and 32% more affordable, respectively, compared to Preferred Mutual.

Which Company is Best for Drivers After an Accident?

Amica Mutual drivers who get in a collision can expect to see their rates climb by over 15%, while those who have insurance through Preferred Mutual will see around a 20% increase.

Overall, drivers who use Amica Mutual end up with the cheaper prices after an accident, with monthly premiums averaging $254 compared to Preferred Mutual's $486.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- generally a lot more than an accident or ticket. Preferred Mutual drivers usually see a 57% raise in their car insurance rates after a DUI charge, while Amica Mutual will typically increase prices by about 69%.

If you have a DUI on your record and are looking for more affordable premiums, Amica Mutual tends to be the much less expensive option with average rates of $699 a month compared to $902 from Preferred Mutual.

How does Credit Score Impact Amica Mutual and Preferred Mutual Rates?

You may not have known, but your credit score can be used as one of the factors to determine your monthly insurance prices. Certain states and companies do not allow for credit score to be used as a rating factor, but it will come into play for many policyholders.

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

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

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Amica Mutual. Drivers with "excellent" credit can save over 50% compared to Preferred Mutual, and those with "good" scores can also expect to see savings -- around $270 or 47% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Amica Mutual typically offers lower premiums than Preferred Mutual when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about $252 per month less with Amica Mutual compared to Preferred Mutual, and those with "poor" scores generally save an average of around $291 per month.

Is Amica Mutual or Preferred Mutual 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 how much insurance companies will charge for coverage. That's because the fewer miles you put on your vehicle each year, the less likely you are to get into a collision and cause 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 small difference in monthly rates for Preferred Mutual, with policyholders who drive 6,000 miles every year paying about $2 less each month compared to those who drive 12,000 miles annually. Still, Amica Mutual is the less expensive option for drivers in both categories.

Amica Mutual vs. Preferred Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a considerable role in how much you pay for auto insurance. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

Amica Mutual generally comes out as the cheaper option for drivers in urban and suburban areas, while Preferred Mutual wins in rural areas.

In urban areas, Amica Mutual's average premiums are around $408 a month compared to Preferred Mutual's $902. People in suburban areas pay about $348 with Amica Mutual compared to Preferred Mutual's $472 monthly. Those in rural areas can expect to pay around $253 a month with Preferred Mutual compared to Amica Mutual's $321.

Amica Mutual vs. Preferred Mutual Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many car insurance discounts as you can.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you're eligible for.

Below, we've taken a look at all of the different discounts Amica Mutual and Preferred Mutual offer their customers so that you can find the one that has the most discounts and, therefore, the biggest savings.

Preferred Mutual knocks Amica Mutual out of the park when it comes to the sheer number of discounts available, offering 14 more discounts than Amica Mutual.

Both carriers offer a lot of the same discounts -- like -- but Preferred Mutual also offers ABS discounts, annual mileage discounts, anti-theft discounts, and more that Amica Mutual does not.

Amica Mutual's discounts come through just.

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

You've seen the effect certain variables have on your auto insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, which carrier is the best carrier for you and your specific needs?

Amica Mutual might be best for you if....

• You've received a ticket for speeding recently and don't want to see your prices increase.
• You have less-than-stellar credit.
• You are purchasing your car insurance with a spouse.

Preferred Mutual might be best for you if...

• You're looking for the company with the most discounts.
• You live in a rural area.

We hope this guide helps you get a better idea of the difference between Amica Mutual and Preferred Mutual and that it aids in making a more informed decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple carriers, not just Amica Mutual and Preferred Mutual. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

Amica Mutual vs. Preferred Mutual FAQs

Is Amica Mutual or Preferred Mutual cheaper?

Looking just at the national average rates, Amica Mutual is the less expensive of the two carriers, offering average rates of $359 per month compared to $542 for Preferred Mutual. However, Amica Mutual won't necessarily be the lowest carrier for every policyholder, since there are many different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Amica Mutual or Preferred Mutual?

Sadly, the answer truly is "it depends.". No one company is "better" for each driver -- it all boils down to your unique auto insurance profile.

Why do Amica Mutual and Preferred Mutual offer me different rates?

Insurance companies take a look at several different variables when calculating the premiums they charge policyholders. Factors such as your driving record, where your home is, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Amica Mutual and Preferred Mutual calculate prices differently, so each one will most likely offer different premiums. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the auto insurance company 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 information once and you'll get free quotes from dozens of the best car insurance carriers in your area. That way, you can guarantee you're getting the best premium. And who knows, the best carrier for you might not be Amica Mutual or Preferred Mutual at all!

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.