AIG Car Insurance Review [2020]

AIG car insurance has undergone extensive restructuring since 2008 and now operates under Farmers Insurance. Compare quotes online by entering your ZIP below.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Oct 14, 2021

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Company Details
Address: 9640 Granite Ridge Drive, Suite 200
City: San Diego
State: CA
ZIP Code: 92123
Phone Number: 844-447-5296
Website: www.aig.com
Year Founded: 1919
AM Best Rating: A (Excellent)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • AIG is a company that has offices in more than 130 companies around the world. The company was founded in 1919 in Shanghai, China
  • You can buy optional coverage when you buy an auto insurance policy with AIG car insurance, which is now part of Farmers
  • Make sure to compare rates to get the best price for the coverage you need

Should you buy an AIG auto insurance policy? There are always questions you should ask when you’re researching the wide range of providers out there. Read through this review of AIG car insurance and then be sure to compare car insurance rates from many different auto insurance companies. You should also look into customer reviews. Provided with an online quote, you may certainly see affordable options, but that quote will not show you the depths of the company itself. As an insurance provider, AIG has seen some changes, though that shouldn’t be a dissuading factor.

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.

What auto insurance options are sold through AIG, now under Farmers?

AIG auto insurance used to be sold through AIG Direct. AIG 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. This means that if you’re a customer of AIG, any claims are now paid out through Farmers.

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. Pay attention to the financial strength rating of the companies you look at too; stability within a company means an easier time filing claims for their customers. Getting assistance from your insurer after an accident shouldn’t be difficult. Plus it pays to know where your expenses are being utilized, since you pay for their service. Check in with their claims department, or even their customer service, to get a feel for how their workers will end up treating you.

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Can you get optional coverage through Farmers?

As with any insurance company on the market, you have your choices when it comes to what type of policy you can buy. Additional coverages will naturally increase what you pay, but if you want your coverage options to protect you against any form of incident that can occur while on the road, you may find it to be worth the price. You can buy optional coverage when you buy an auto insurance policy with AIG car insurance, which is now part of Farmers.

There are various coverage levels, depending on your needs. 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, a policy type that has proved to be useful to consumers. This type of coverage will replace your new vehicle within the first two years if your vehicle is considered to be a total loss should you have to file a claim after an accident.

If your new vehicle is damaged because of a covered loss such as an accident, 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, and get a wide variety of options. Doing so will ensure that your financial obligation to a company is well spent.

You may find that some companies offer more optional coverage that would be better for your situation. Get started comparing car insurance rates now!

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