AIG Company Review

American International Group, Inc., commonly referred to as AIG, is one of the world's largest insurance providers, with operations in more than 130 countries and jurisdictions. Serving both individual consumers and the business community, AIG offers an extensive property-casualty and life insurance network. Additionally, AIG member companies provide retirement services, financial services and asset management.

AIG Auto Insurance

Among its many insurance offerings, AIG provides auto insurance services through its member company, 21st Century Insurance. The primary auto insurance product covers vehicles, such as sedans, convertibles, trucks and SUVs, that are used for private purposes.

AIG Auto Insurance Coverage Options

AIG, through 21st Century Insurance, offers the standard insurance options provided by most insurance companies:

  • Bodily Injury Liability Coverage: This option covers the costs associated with the bodily injuries or death of another person (i.e. not the policyholder). This coverage also provides for a legal defense if another party in the accident files a lawsuit against the policyholder. Carrying bodily injury liability coverage is mandatory in most state.
  • Property Damage Liability Coverage: This option covers the costs associated with any damage caused to another person's property as well as any legal costs that occur if another party files a lawsuit against the policyholder. Carrying property damage liability coverage is mandatory in most states.
  • Collision Coverage: This option covers the costs associated with damage to the policyholder's vehicle resulting from an automotive collision.
  • Comprehensive Coverage: This option covers the costs associated with damage to the policyholder's vehicle resulting from incidents other than a collision, such as theft or damage by flood, fire or animals.
  • Uninsured Motorist Coverage: This option covers damages belonging to the policyholder, insured members of the policyholder's household and passengers of the policyholder if they are involved in an accident in which the other driver is at fault but does not have insurance.
  • Underinsured Motorist Coverage: This option covers damages belonging to the policyholder, insured members of the policyholder's household and passengers of the policyholder if they are involved in an accident that is the fault of another driver whose insurance cannot cover the total cost associated with the damages. This coverage will make up the difference between the damages' total cost and what the other party's insurance can cover.
  • Medical Payments Coverage: This option covers the medical, hospital and funeral expenses incurred by the policyholder or passengers in his or her vehicle. This type of coverage applies regardless of who was at fault for the accident.
  • Rental Reimbursement: This option covers the use of a rental vehicle while the policyholder's vehicle is being repaired following a covered accident.
  • Towing and Labor Coverage: This option covers the costs of towing the policyholder's vehicle or having work performed on the vehicle while it is still on the road.

AIG Insurance Discounts

To help its policyholders save some money, AIG, through 21st Century Insurance, offers a variety of insurance discounts:

  • Multi-Policy Discount: Policyholders with multiple policies with AIG, such as coverage for an additional vehicle or a homeowners insurance policy, can receive this discount.
  • Safety Features Discount: Policyholder's whose vehicles include airbags and/or anti-lock braking systems are eligible for this discount.
  • Paid-In-Full Policy Discount: This discount can be applied when a policyholder pays his or her policy in one complete payment versus in a series of installments.
  • EFT Discount: Those whose payments can be accessed via electronic funds transfer can receive this discount.
  • Good Driver Discount: Drivers with clean driving records can save money with this discount.
  • Senior Accident Prevention Course Discount: Older drivers - typically 55 or older - can receive this discount by completing an approved accident prevention course designed for seniors.
  • Defensive Driving Course Discount: Drivers who complete an approved defensive driving course can lower their insurance premiums with this discount.