AIG Auto Insurance Review (2021)
AIG auto insurance is only offered through its Private Client Group and is geared towards high net worth clients. If you are looking for cheap auto insurance, AIG is not the right insurer for you.
- AIG doesn’t write standard personal auto insurance
- Only the Private Client branch of AIG writes auto insurance for high-value cars
- AIG is mainly focused on life and travel insurance as well as financial services
Researching types of auto insurance coverage can be hard work, especially when so many auto insurance companies’ policies differ. Luckily, we build guides that thoroughly review company policies so that you don’t have to do the work alone.
Today, we’re taking a look at the American International Group (AIG), an insurance provider famous for its global reach. AIG operates in over 80 countries and jurisdictions and has been in business for just over a century.
So, does AIG have auto insurance?
Our AIG auto insurance review will tell you if this company can provide the auto insurance you need and if it’s the right auto insurance for you.
We’ll outline AIG insurance plans, average rates, and company history. We’ll also walk you through the best way to obtain an AIG auto insurance quote. The next time you hear about AIG’s services, you’ll have all the details you need.
If you’d like to compare auto insurance quotes now, you can enter your ZIP code into the quote box above.
Does AIG Have Cheap Auto Insurance Rates?
The average monthly cost of an auto insurance policy is an important factor when you’re shopping for auto insurance. Let’s break down why it’s especially important to think about policy rates when purchasing auto insurance with AIG.
First, take a look at the average auto insurance rates in each state.
|State||Average Annual Auto Insurance Rates|
|District of Columbia||$4,439.24|
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When it comes to policy rates, AIG is not like other major auto insurers. AIG primarily sells car insurance for high-end cars. Few auto insurance companies sell insurance for luxury, exotic, or high-value vehicles. This is because the expensive replacement and repair cost of high-value vehicles makes them difficult to insure.
Most insurance companies focus instead on providing policyholders with the cheapest annual rates possible.
|Companies||Married 60-Year-Old Female||Married 60-Year-Old Male||Married 35-Year-Old Female||Married 35-Year-Old Male||Single 25-Year-Old Female||Single 25-Year-Old Male||Single 17-Year-Old Female||Single 17-Year-Old Male|
Because AIG sells high-value auto insurance, its policy is not geared toward affordability. Instead, the company prioritizes treating high-value vehicles with the right level of care.
Below are the average rates you can expect to pay if you own one of the 20 most expensive vehicles.
|Make||Model||Average Annual Auto Insurance Rates|
|Jaguar||XF Sportbrake Prestige||$3,425|
|Tesla||Model S Performance||$3,574|
|Audi||S8 L Quattro||$3,672|
|Mercedes||S63 AMG 4Matic||$3,672|
|Porsche||911 Carrera GT3 RS||$3,732|
|Dodge||Challenger SRT Hellcat Redeye||$3,768|
|Tesla||Model X Performance||$3,798|
|Porsche||Panamera GTS Turbo||$3,800|
|BMW M8||M8 Competition XDrive convertible||$3,953|
|Audi||R8 5.2L V10 Quattro Performance||$4,033|
|Mercedes||AMG GT R||$4,082|
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Here’s a quick example:
If you damaged your luxury vehicle in an auto accident, you would want to take it to a specialist, right? Often, luxury vehicle specialists are two to three times more expensive than standard mechanics.
Though a visit to a luxury vehicle specialist would exceed a standard auto insurance policy’s coverage limit, AIG’s auto insurance policies are built to accommodate these kinds of costs. Of course, enhanced protection comes at a price. AIG’s average auto insurance rates are higher than those of standard insurers.
It’s also important to note that AIG’s auto insurance is only available to members of AIG’s Private Client Group. You won’t find much in the way of AIG auto insurance reviews from customers as a result. In this video, former Vice President of New Product Development Anna Brusco explains the AIG Private Client Group’s benefits:
The Private Client Group is built for high net worth policyholders. Its protections are designed for large assets like high-value vehicles, fine homes, yachts, and private collections. They also include benefits like worldwide liability coverage. As a result, group membership will also raise your auto insurance rates. If you’re wondering who has the cheapest auto insurance, it’s not AIG.
What is AIG auto insurance’s availability by state?
You can purchase and service an AIG Private Client Group auto insurance policy from anywhere in the United States. That means AIG is in Atlanta, Denver, and every other major U.S. city.
AIG’s coverage is also available abroad. While AIG’s headquarters are in New York City, the company has offices across the globe. With locations in cities like Bratislava, Seoul, and Dubai, AIG is the 17th-largest insurance company in the world. AIG’s international presence allows the company to easily provide protections like worldwide liability coverage.
What Auto Insurance Coverages Are Offered by AIG?
What does AIG insurance do for private clients? What does AIG insurance cover?
If you purchase an auto insurance policy through AIG’s Private Event Group, you will receive a wide variety of comprehensive coverages. They include:
- Personal property coverage – Personal property coverage will compensate you if belongings in your car are damaged or stolen.
- Emergency living expenses coverage – This coverage will compensate you for living expenses you’ve accrued while away from home because of an emergency.
- Worldwide liability coverage – While most auto insurance companies limit liability auto insurance coverage to accidents that occur within the U.S., AIG’s liability coverage compensates you for an accident that has happened anywhere in the world. AIG also offers high liability limits. Policyholders can purchase liability limits of up to $1 million per occurrence. They can also purchase up to $500 million in umbrella liability coverage.
- Rental car reimbursement – If your car is being repaired, AIG will pay up to $12,500 for a rental car of comparable value.
- Original manufacturers’ parts replacements – If your car is damaged, AIG will do its best to fix the damage using original manufacturers’ parts. This feature is especially useful for vintage and luxury car owners who want to maintain their vehicle’s value.
- One-policy program – One of AIG’s standout coverages is its one-policy program. This coverage is designed for policyholders with multiple cars. Rather than giving each of your cars its own policy, AIG will insure all of them under one.
- AIG Premier Client Solutions – This program, also known as AIG PCS, is an AIG customer service option for policyholders.
As you can see, these coverages are designed with high net worth policyholders in mind. Protections like worldwide liability coverage are designed for frequent travelers, while features like the one-policy program benefit policyholders with multiple high-value assets the most.
While AIG did once offer auto insurance to standard policyholders, the company sold the AIG auto insurance company branch. This news report includes details, like what date AIG auto insurance was sold to 21st Century Auto Insurance (July )2009.
If you’re an AIG policyholder but not a member of AIG’s Private Client Group, you’ll have to purchase an auto insurance policy through a separate auto insurer.
However, some of AIG’s standard coverages may extend to automobile accidents. AIG’s health insurance, for example, may cover medical bills incurred as the result of a car accident. AIG’s travel insurance plan, Travel Guard also provides rental car damage coverage.
AIG commercial auto insurance is also available.
What are AIG’s bundling options?
AIG’s Private Client Group does not provide bundling options. However, policyholders gain access to multiple insurance types when they join. In addition to auto insurance, policyholders can purchase luxury AIG homeowners insurance, private collections insurance, yacht insurance, and excess liability coverage . AIG also sells special policies like equine and wildfire protection.
How Do You Make an AIG Auto Insurance Claim?
AIG recommends that all Private Client Group members report AIG car insurance claims through their independent insurance advisors. However, you can also report AIG claims by calling directly.
If you’re in the U.S., you can report a claim by calling this AIG insurance contact number 1-888-760-9195. You can also fax AIG using this insurance group number: 1-866-858-1472. If you’re a U.S.-based policyholder traveling abroad, the best way to report a claim is to call 1-302-482-6000.
It’s important to gather as much documentation as possible before you file your claim. AIG often requires receipts and similar documentation that substantiate incidents like flight cancellations, accidents, and hospital visits.
How Do You Get an AIG Auto Insurance Quote Online?
The only way to get an AIG Private Client Group auto insurance quote is to request a complimentary policy review.
If you want to request a review, the first step is to enter your personal information into AIG’s policy review form. This form is available on AIG’s website.
Once you’ve submitted your request, an independent insurance agent representing AIG will contact you about your review.
What do I need to submit my request?
To fill out AIG’s policy request form, all you’ll need to enter is the following:
- Your full name
- Your address
- Your email address
- Your phone number
Once you are in contact with the insurance agent reviewing your request, they will notify you about any other information you must provide to get a quote.
What Do AIG’s Auto Insurance Ratings Say?
Is AIG car insurance any good?
To get reliable auto insurance ratings for AIG, you need to go where trustworthy auto insurance company reports are.
|Better Business Bureau||A+|
Confused about what these ratings mean? We’ll break it down.
A.M. Best is an independent agency that rates companies’ financial security and creditworthiness.
The agency has awarded AIG a rating of A, which means AIG’s creditworthiness is considered “excellent.” The Better Business Bureau, also known as BBB, is an agency that measures a company’s trustworthiness. To do so, BBB considers factors like a company’s transparency, responsiveness, and customer reviews.
BBB has awarded AIG a rating of A+, which is the agency’s highest rating.
Moody’s is also an agency that rates creditworthiness.
It has given AIG a rating of Baa1. This means AIG is a medium-grade company subject to moderate credit risk.
Lastly, S&P, one of the oldest credit rating agencies in the world, is a company that assesses financial strength and creditworthiness.
S&P has awarded AIG a rating of BBB+ . This means AIG has adequately protected itself from financial risk. However, adverse economic conditions could change its ability to meet its financial standards.
What Is The AIG Company History?
AIG was founded in 1919 by American businessman Cornelius Vander Starr. Starr first established AIG’s headquarters in Shanghai, China. He then spent two decades expanding the company to other parts of Southeast Asia and Latin America. In 1939, Starr moved the company’s headquarters to New York City. During this time, AIG only offered general and life insurance.
AIG has since expanded to over 80 countries and jurisdictions around the world.
You can find an AIG office anywhere from Oman to Aruba.
AIG also now offers additional insurance plans, including AIG Direct life insurance, AIG travel insurance, and AIG health insurance. AIG annuities and other financial services are also available.
The Federal Reserve assumed control of AIG during the financial crisis of 2008. The nationalization was later deemed illegal and AIG regained autonomy in 2012. In 2017, a U.S. appeals court reversed the original ruling of illegality for AIG’s bailout.
How is AIG’s online presence?
AIG has a comprehensive website showcasing its insurance options for individuals, families, and businesses. You can use AIG’s website to read about AIG products, explore company history, or service your AIG account.
You can also use AIG’s website to get an insurance quote, file a claim, and make an AIG insurance payment. We’ll go over AIG’s website in more detail in a bit.
Does AIG have commercials?
While AIG’s advertising presence in the U.S. is not as strong as that of its competitors, it does air AIG commercials around the world.
Here’s an advertisement AIG’s Japanese branch aired in partnership with New Zealand’s All Blacks:
This advertisement first aired in 2017. AIG continues to partner with New Zealand’s All Blacks for its advertisements.
Is AIG involved in the community?
Yes, AIG is involved in communities around the globe.
Because of its international reach, AIG has been a source of support during major crises like the 1995 Kobe earthquake. In 2007, AIG was the lead insurer of the World Trade Center project. Today, AIG sponsors global organizations like the New Zealand Rugby Union and the Dublin GAA.
What do AIG employees have to say?
So, what about AIG’s employees?
All of AIG’s agents are nationally licensed. AIG requires its agents to pass accredited courses, participate in ongoing training, and study new insurance products, regulations, and consumer rights. AIG agents can help you with tasks like getting an AIG auto insurance refund.
Let’s take a quick look at AIG’s employee statistics.
|AIG Employee Info||Details|
|Average Tenure||5 years|
In 2019, AIG was named one of the top 15 companies for executive women by DiversityInc. In 2020, it was named one of the best places to work for LGBTQ Equality by the Human Rights Campaign Foundation.
On Indeed.com, AIG’s employees have given the company 3.7 out of 5 stars. Employee reviews highlight good pay, benefits, and work-life balance at AIG. However, AIG agents and employees have been critical about workplace management and job security.
How Is The Design of AIG’s Website & App?
While AIG does not offer a mobile app to all policyholders, it does have mobile apps for specific branches and policyholders.
AIG SG, for example, is an app for Singaporean AIG policyholders to manage their accounts. AIG SG has received 3 out of 5 stars from Google Play reviewers. Users have complained that this app does not provide the proper functions to file a claim.
In addition, AIG Travel Assistance is a mobile app that provides emergency assistance and travel information to corporate or business travel policyholders. AIG Travel Assistance has received 2 out of 5 stars from Google Play reviewers. Users have complained that this app crashes frequently.
AIG has an extensive, sleek website that provides company information, shares insurance advice, and allows policyholders to service their accounts.
It also sufficiently explains what AIG insurance covers. All of these functions are easily accessible from AIG’s homepage if you’re on a desktop or laptop computer.
The company website also features the AIG insurance logo and AIG auto insurance claims phone number, which is 800-910-2667.
AIG’s homepage functions are more crowded when you access the company website from your phone. We recommend you use the company website on a desktop or laptop computer when possible. This will make it easier to use your AIG auto insurance login or AIG travel insurance login.
Although AIG’s website is useful for general policyholders, there are far fewer resources for members of AIG’s Private Client Group.
For example, while general policyholders can file a claim and obtain an AIG insurance quote online, Private Client Group members cannot. Presumably, this is because high net worth policyholders often service their policies with the help of independent insurance advisors. As a result, these policyholders have less use for AIG’s online functions.
Lastly, the AIG auto insurance Covid company response to the pandemic can be found on the website.
What Is The Bottom Line?
While AIG offers auto insurance, its policies are only useful for luxury car owners who require unique protections. If you’re looking for highly comprehensive and specialized coverage, this may be the auto insurance company for you. If you’re not a luxury car owner or high net worth individual, however, you’ll get far more bang for your buck with a different auto insurance company.
Now is the time to ask yourself: Is AIG’s coverage the right fit for me?
If you’re not sure of the answer, we recommend comparing auto insurance company quotes. This can help you answer questions like: Which insurance company is best for auto? To get started, you can enter your ZIP code into the quote box below.
Do You Have More Questions About AIG Auto Insurance?
Below are a few frequently asked questions about AIG’s auto insurance.
#1 – Does AIG sell car insurance for young drivers?
Whether or not AIG will sell car insurance to a young driver depends on multiple factors. After you request a review from AIG’s Private Client Group, an insurance agent will evaluate whether you are a good fit for the Private Client Group’s auto insurance plan. They may evaluate factors like your location, net worth, credit, and yes your age. But, AIG does not deny young drivers insurance coverage based on their age alone.
#2 – Does AIG sell car insurance for golfers?
While AIG does not provide golfers with car insurance or special benefits in the U.S., AIG has a partnership with the Golfing Union of Ireland and the Irish Ladies Golf Union. Because of this partnership, GUI and ILGU members get 16 percent off when they purchase car insurance through AIG in Ireland.
#3 – Does AIG’s car insurance cover Malaysia?
Yes, AIG car insurance is available in Malaysia. In fact, AIG car insurance was awarded Malaysia’s “Motor Claims Insurer of the Year” award in 2014.
#4 – What is the AIG auto insurance address?
AIG’s company address is 175 Water Street, 18th Floor, New York, NY 10038. The AIG phone number is 1-855-853-3043.
#5 – Is The Chartis Group part of AIG?
Are Chartis and AIG the same? No, The Chartis Group is a financial organization of a similar name to AIG’s Chartis services. It is not the same company.