AIG Insurance Co. of Canada Car Insurance Review

  • AIG Insurance

AIG Insurance Co. Of Canada Insurance Company Overview

If you are looking to get a large insurance company, you could definitely consider this company. American International Group serves more than 88 million different customers in over 130 countries around the globe. Founded in 1919 in Shanghai, China the company has since moved its Headquarters to New York City in the United States. The company operates several different businesses under its name in order to sell property, casualty, life insurance, retirement and commercial insurance. One reason you might have heard of this company is due to the fact that they were actually one of the largest contributors to the 2008 housing financial crisis. The company was bailed out by the government for $180 billion dollars and has since changed its ways to become profitable again. In 2015 AIG Insurance ranked 6th in terms of profit in Canada with a total profit of $110,381,000.

Products Offered by AIG Insurance Co. Of Canada Insurance

In order to determine if you really want to get insurance through AIG, you may want to know what sorts of things AIG offers. The company has been around for a very long time in the insurance industry and over the years they have adapted and added more and more policies and packages to suit the needs of their customers. To help you decide if AIG has what you need in terms of insurance, here is a list of some of the many things that they cover:

Individual Coverage:

  • Travel
  • Medical care
  • Warranty service
  • Collections
  • Sponsorships
  • Networks families
  • Vehicle
  • Aviation
  • Motorcycle
  • Boat
  • Trailer
  • Life insurance

 Business Coverage:

  • Multinational
  • Small business
  • Non-profit
  • Property
  • Cyber
  • Liability
  • Commercial
  • Entrepreneur
  • Transportation

AIG Insurance Car Insurance Review:

If you want to trust an insurance company, you may want to check out their total written auto premium. This number stands for the total amount of money that the company has collected from all of their client’s premiums. The number has not had claims deducted from it, which means that it is not the total profit that the company made. This number is a good way to check to see if the company is popular as you can clearly see how much business they are getting. The more business a company gets, the less likely it is that they won’t be able to pay all of the claims that are made. In 2015, AIG Insurance Co. made a total written auto premium of $84,436,000. This is by no means a small dollar amount and if you are looking for a company that is unlikely to go out of business as a result of how much business they have done, AIG is a pretty safe bet.

AIG Insurance Car Insurance Products:

Insurance Discounts:

One big reason why AIG Insurance CO. got so big is due to them putting reasonable price tags on their insurance products. If you are looking to get a discount on your insurance, then AIG certainly has a ton of options available for you to reduce your premium. They offer multiple vehicle discounts as well as bundling discounts for people who insurance both their house and their vehicle. If you maintain a good driving record and if you take a driver’s education course, you are also eligible to receive a discount. Things like reducing your deductible, buying an environmentally friendly vehicle or signing up for a two-year contract also make you eligible for a discount through AIG.

Roadside assistance:

One very cool thing about getting insurance through AIG is that you do have the option of going with a plan that includes roadside assistance. In the event of an emergency or if you are stranded somewhere, you can simply call this number and someone will show up. The roadside assistance program will assist you with things such as towing, boosting your battery, blowing up your flat tire, unlocking your door for you, gas delivery and more. Especially if you are someone who goes on long trips, this is a great program that can give you peace of mind.

Storage Insurance:

AIG is one company that has gone outside the box in terms of coverage options. People aren’t always driving the cars that they want to drive year round. With AIG insurance you can get insurance on your car for storage or during transportation. The nice thing about this kind of insurance is that it is cheaper than normal and it protects your investment from things like vandalism, theft and other damage.

Claims:

One great thing about AIG is that they operate 24/7. AIG realizes that not everyone is on the same 9-5 schedule like the old days and that some accidents occur outside of this time zone. If you want to file a claim through AIG, the company has a 24/7 emergency claims number that you can call.

Term Coverage:

No matter the type of insurance you have, AIG is likely to be able to get you what you need for the length of time you need it. The company offers a huge variety of auto insurance plans that allow you to have cheaper rates for things like antique cars and cars that you don’t drive. AIG even has different lengths of terms on their life insurance policies so that you don’t end up overspending on insurance that you don’t want or need.

AIG Insurance Total Sales/ ranking by Province:

If you have read all about AIG insurance CO. of Canada so far and you think you might be interested in them, you might first want to see how popular they are. Checking out a company’s popularity in your area can help to give you a better idea as to whether or not the company has the products you desire. To help you to get a better handle on AIG, we have come up with a table containing some interesting statistics for you to check out. The table contains the 2015 direct written premiums by Province for AIG and how they compared with top 30 insurance companies in each province. Here are the results we found:

Province:Direct Written Premiums 2015Ranking on Top 30
Newfoundland413,00013
Prince Edward Island481,00016
Nova Scotia1,401,00020
New Brunswick3,718,00015
Quebec9,104,00020
Ontario52,954,00025
Manitoba556,0007
Saskatchewan616,00011
Alberta12,646,00019
British Columbia2,399,0009
Yukon Territory26,00019
Northwest Territories30,00023
Nunavut92,00012

Resources:

https://en.wikipedia.org/wiki/American_International_Group

http://www.intergroupe.ca/1-insurance-products/Personal-Insurance/Auto-Insurance.html

http://www.aig.ca/