American Alternative Insurance Corporation (AAIC) Auto Insurance Review (2024)

American Alternative auto insurance (AAIC) offers commercial insurance for unique clients like public entities, including municipalities, counties, schools, colleges, and districts.

UPDATED: Dec 19, 2023Fact Checked

Heidi Mertlich

Licensed Insurance Agent

Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the need ...

Licensed Insurance Agent

Kristen Gryglik

Licensed Insurance Agent

Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...

Licensed Insurance Agent

UPDATED: Dec 19, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Dec 19, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 19, 2023Fact Checked

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American Alternative Insurance Corporation

Average monthly rate for good drivers:

$74

A.M. Best rating:

A+

Complaint level:

Low

Pros

  • AAIC maintains financial security as indicated by the rating A+ (Superior) by AM Best and AA- (Very Strong) by Standard and Poor’s.

Cons

  • AAIC does not have its own website

Final Verdict: Review of American Alternative Insurance Corporation

American Alternative Insurance Corporation, or AAIC for short, is a subsidiary of Munich Reinsurance Corporation of America, Inc.

AAIC markets a variety of commercial insurance products but does not sell insurance for private individuals. Find personal auto insurance providers near you.

American Alternative Insurance is domiciled in Wilmington, Delaware, but headquartered in Princeton, New Jersey. It is licensed in all 50 states plus Washington, D.C.

For a list of auto insurance quotes simply click here and enter your ZIP code.

[su_box title="Things to Remember..." style="default”]
  • American Alternative Insurance Corporation, or AAIC for short, is a subsidiary of Munich Reinsurance Corporation of America, Inc
  • When you purchase AAIC, you are assigned a client manager who works with you at all times so they know your company's insurance needs
  • Munich America and AAIC have a client-centered and solution-oriented approach to business
[/su_box] American Alternative Insurance Corporation, or AAIC for short, is a subsidiary of Munich Reinsurance Corporation of America, Inc. AAIC markets a variety of commercial insurance products but does not sell insurance for private individuals. Find personal auto insurance providers near you. American Alternative Insurance is domiciled in Wilmington, Delaware, but headquartered in Princeton, New Jersey. It is licensed in all 50 states plus Washington, D.C.

What You Should Know About American Alternative Insurance

American Alternative Insurance was founded in 1995 but is owned and operated by Munich Reinsurance Corporation of America, which has been in business since 1917.

AAIC does not have its own website, but information about it and its products can be found through the Munich America website.

The company currently maintains financial security as indicated by the rating A+ (Superior) by AM Best and AA- (Very Strong) by Standard and Poor’s.

It is currently led by president and CEO Anthony Joseph Kuczinski.

Munich America and AAIC have a client-centered and solution-oriented approach to business.

When you purchase insurance through Munich or AAIC, you are assigned a client manager who works with you at all times so they know your company’s insurance needs.

They also work with a team of experts who are trained to anticipate and calculate potential future risks and minimize losses for your business.

Alternative Insurance Groups associated with Munich including AAIC work with alternative market client groups with unique needs. These groups may include:

  • Public entities, including municipalities, counties, and districts
  • Public schools, colleges, and universities
  • Religious organizations
  • Secular nonprofit groups

American Alternative Insurance Corporation Contact Information

Aside from their main office in New Jersey, Munich America and American Alternative Insurance Corporation have offices in Atlanta, Chicago, Columbus, New York, and San Francisco.

If you wish to reach the Princeton, New Jersey headquarters you can do so via phone, fax, or mail, or use the online contact form.

American Alternative Insurance Coverage Options

AAIC markets insurance products for businesses with unique needs. To find out more about each product or to get a quote from an insurance agent, you can contact the company directly.

Although not all products are available in all states, AAIC is currently licensed to write insurance policies for the following products:

  • Management Liability
  • Professional Liability
  • Package Coverage
  • Property Damage Protection
  • General Liability
  • Workers Compensation
  • Aviation Insurance
  • Crime Protection
  • Inland Marine Insurance
  • Umbrella Coverage
  • Excess Casualty
  • Commercial Auto Insurance
  • Accident and Health Coverage
  • Crop-Hail Coverage
  • Multiple Peril Crop Coverage

American Alternative Insurance Corporation Claims

The Munich America website contains a section with a variety of information on various types of insurance claims you may need to make and legal issues in regard to filing claims. Learn how to file an auto insurance claim.

For American Alternative Insurance Corporation claim use the contact information on their website!

American Alternative Insurance Corporation Careers

If you are interested in a career in the insurance industry with either AAIC or its parent company, Munich Reinsurance America, you can find information on job openings via the main website.

There are opportunities for those new to the insurance field who wish to learn and grow in their career, professionals with experience to bring to the company, and students who wish to do internships with a major insurance company.

Jobs at Munich or AAIC come with a competitive benefits program that includes:

  • Health benefits with four program options to choose from
  • Flexible spending accounts
  • Life and group insurance coverage
  • Financial security
  • Vacations and holidays
  • Rewards and recognition for hard work.

The companies also offer employee value programs that include the following and more: health club reimbursement, adoption assistance, annual flu, and pneumonia vaccinations, dry cleaning services, and community service awards.

If you wish to find a current job opening at AAIC or Munich, you can use the online search form or upload a resume and submit an application online.

Start your insurance search by comparing auto insurance rates from several different companies.

Don’t miss out on our free quote tool below! Just enter your ZIP code and start comparing rates today!

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Frequently Asked Questions

What is American Alternative Insurance Corporation (AAIC)?

American Alternative Insurance Corporation (AAIC) is an insurance company that offers auto insurance coverage. They provide policies and services to protect drivers and their vehicles in the event of accidents, damage, or theft.

How is the customer service of American Alternative Insurance Corporation (AAIC)?

The customer service experience with American Alternative Insurance Corporation (AAIC) can vary. It’s advisable to research customer reviews and ratings to gain insights into the satisfaction levels of policyholders with their customer service, claims handling, and overall experience.

What types of coverage does American Alternative Insurance Corporation (AAIC) offer?

American Alternative Insurance Corporation (AAIC) offers various types of coverage, including liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and medical payments coverage. The specific details and additional options within these categories may vary. It’s important to review the policy details of AAIC to understand the coverage that best suits your needs.

How affordable is American Alternative Insurance Corporation (AAIC)?

The affordability of American Alternative Insurance Corporation (AAIC) premiums can vary based on factors such as your location, driving history, type of vehicle, and coverage requirements. To determine the affordability for your specific situation, it’s recommended to obtain a personalized quote from AAIC and compare it with quotes from other insurance providers.

Does American Alternative Insurance Corporation (AAIC) offer any additional benefits or discounts?

American Alternative Insurance Corporation (AAIC) may offer additional benefits and discounts to its policyholders. These can include features like roadside assistance, accident forgiveness, safe driver discounts, multi-policy discounts, and more. It’s best to contact AAIC directly or visit their website for detailed information on the benefits and discounts available.

How can I get a quote or apply for auto insurance from American Alternative Insurance Corporation (AAIC)?

To get a quote or apply for auto insurance from American Alternative Insurance Corporation (AAIC), you can:

  • Visit their official website and use their online quote tool to obtain a personalized quote.
  • Contact their customer service department via phone and speak with a representative who can assist you with the quote and application process.
  • Check if they have any local agents or offices where you can visit in person for assistance with obtaining a quote or applying for coverage.

Can I bundle other types of insurance with my American Alternative Insurance Corporation (AAIC) auto insurance policy?

American Alternative Insurance Corporation (AAIC) may offer the option to bundle other types of insurance, such as home, renters, or umbrella insurance, with your auto insurance policy. Bundling can often lead to discounts on premiums. Contact AAIC directly to inquire about bundling options and the potential benefits of combining multiple policies.

How is the claims process with American Alternative Insurance Corporation (AAIC)?

The claims process with American Alternative Insurance Corporation (AAIC) can vary based on individual circumstances and policy details. It’s recommended to familiarize yourself with their claims procedures by reviewing their policy documents or contacting their customer service department. Promptly report any incidents or accidents to initiate the claims process and follow their instructions for providing necessary documentation and information.

Heidi Mertlich

Licensed Insurance Agent

Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the need ...

Licensed Insurance Agent

Kristen Gryglik

Licensed Insurance Agent

Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Compare Quotes from Top Companies and Save

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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