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Should you buy an AIG auto insurance policy? Read through this review of AIG car insurance and then be sure to compare car insurance rates from many different auto insurance companies.
AIG is a company that has offices in more than 130 companies around the world. The company was founded in 1919 in Shanghai, China.
The company left China in 1949 because of the Communist People’s Liberation Army was starting to come into Shanghai. The headquarters for AIG is located in New York City, NY.
AIG is an American insurance corporation that is currently implementing a restructuring program because of extensive corporate issues in its recent history.
In September of 2008, AIG’s credit levels were downgraded below a rating of “AA.” AIG is the largest company in the United States that underwrites commercial and industrial insurance.
AIG took a bailout loan from the Federal Reserve Bank on September 16, 2008. Before you purchase a car insurance policy with AIG, you should shop around and compared rates and coverage among different companies.
Auto Insurance with AIG/Farmers
AIG auto insurance used to be sold through AIG direct. AIG direct was a part of 21st Century insurance (click here to read the full 21st Century Auto Insurance review), and has since been sold to Farmers Insurance.
On the AIG website, you will see a section for personal lines auto insurance but there is no way to get a quote because that division of the company has officially been sold to Farmers.
If you want to get a quote for auto insurance with Farmers, you can do it online. You should compare quotes with different auto insurance companies to make sure you are getting the best rates and adequate coverage.
Optional Coverage with Farmers
You can buy optional coverage when you buy an auto insurance policy with AIG car insurance which is now part of Farmers.
You can purchase accident forgiveness coverage which means Farmers will forgive up to three accidents within three years. Farmers also offers a rate shield coverage which will allow you to have the same rate for three years.
If you own a new car, then you have the option of buying new car pledge coverage. This type of coverage will replace your new vehicle within the first two years if your vehicle is considered to be a total loss.
If your new vehicle is damaged because of a covered loss, then the new car pledge coverage will ensure that only original manufacturer parts are used.
The best way to make sure that you are evaluating all of your car insurance needs is to ask for quotes from different insurance companies.
You may find that some companies offer more optional coverage that would be better for your situation. Get started comparing car insurance rates now!