Dividend Policies


Amica's Dividend Policies: Policies That Pay You Back!

Amica is a mutual company, which means that we’re owned by our policyholders – we don’t have stockholders or investors. As a thank you for choosing us, we offer dividend policies for auto, home, marine and umbrella insurance.*

What is a dividend policy?

It’s a way for us to pay you back. Dividends lower the overall cost of your insurance policy. While a dividend policy costs more upfront, that money is invested over the course of the policy term.

At the end of the term, a dividend is offered back to you, which ends up bringing the overall cost of the policy down. While dividends are not guaranteed, Amica has been paying them for more than 100 years. On average, a typical dividend payment can range from 5% to 20% of your annual premium.

Here’s an example to illustrate how this works:

If your annual premium is $1,000 and we pay you a $200 dividend, the real cost of your policy is only $800.


Using your dividend

The great thing about dividend policies is you get to choose how to use your payment! Here are three options:

  • We’ll send you a check for the entire dividend payment.
  • If you’re enrolled in AutoPay with your bank account, we can directly deposit the funds for you.
  • You can use your dividend payment towards your future premiums.

Switching your current policy to a dividend policy is simple and can be done at any time. Contact one of our representatives at 800-242-6422 to discuss the options available for your state.


*Amica auto dividend policies are not available in CA, FL, HI, MA, MO, NC, NJ and TX.

Amica home dividend policies are not available in CA, FL, MO and NC.

Amica umbrella dividend polices are not available in CA, FL and MO.

Amica marine dividend policies are not available in CA and MO.

Dividend polices are not available for Amica life insurance.