Aig vs. Metlife: Which Company is the Best Fit for You?

Quick Facts

• In general, Aig offers significantly less expensive prices than Metlife
• Aig offers more affordable premiums for residents of rural areas
• Metlife has more affordable rates for couples purchasing auto insurance together

Aig vs. Metlife: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering large discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Aig or Metlife, but which carrier will offer you cheaper premiums?

Looking at nationwide averages, Metlife is about $73 more per month than Aig.

However, that doesn't mean Aig will necessarily be less expensive than Metlife for each driver. Car insurance companies vary their prices depending on things like where you live, how good your credit score is, how old you are, how clean your driving record is, and a ton of other factors, so rates will vary quite a bit from person to person.

Wanting to know if Aig or Metlife is really the right carrier for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Aig or Metlife: Average Car Insurance Rates by State

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There are plenty of other factors that go into your insurance payment than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any group out there on the road. That's normally because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean teen drivers can't still save money on their insurance. Just look at the table above -- where 18-year-old drivers who have Aig for their auto insurance pay more than $500 less than those who use Metlife.

Even so, with both carriers, you'll see your premiums reduce significantly by the time you turn 25. For example, average rates for Aig policyholders drop nearly $150 and Metlife's premiums decrease over $500 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest prices you'll ever find.

So, which company offers the best premiums to retired drivers? Metlife gets the slight edge here, with average prices coming in at around $205 per month compared to Aig's $219.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more affordable for married drivers than they are for those who are single. That's usually because married policyholders tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Aig is the clear winner for single drivers, with premiums about $148 a month cheaper than Metlife, on average. The advantage is also clear for married couples - Metlife offers the lowest average rates.

Aig vs. Metlife: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim, which means they'll generally end up paying more for auto insurance than women.

With Aig, women typically pay around 5% per month less than men, and almost 10% less with Metlife when compared to their male counterparts.

Looking at the data for each carrier specifically, Aig offers the most affordable average prices for both men and women. On average, male drivers save about $80 a month and women save about $67 with Aig compared to the average Metlife policyholder.

Aig or Metlife: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Car insurance isn't the easiest topic to understand. There are so many different limits and terms that it can make it pretty confusing to find the right policy.

That being said, most policies end up falling into two different types of coverage -- liability only (which provides bodily injury and property damage coverage for other drivers and their passengers if you cause an accident) and full coverage (which usually refers to having comprehensive and collision coverages in addition to what you get with liability coverage).

If you're looking for state minimum liability limits, Aig generally offers significantly more affordable premiums of $129 compared to Metlife's $215. When it comes to full coverage policies with similar limits, Aig again has the edge, with policies around $60 per month cheaper than Metlife, on average.

Is Aig or Metlife Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that tickets and at-fault collisions lead to higher prices, but which company -- Aig or Metlife -- has the cheapest rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Aig policyholders can expect their prices to go up an average of $73 a month if they get a ticket, while Metlife typically raises premiums about $59 per month, on average.

But Metlife tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records, offering rates that are $2 and $16 less expensive, respectively, compared to AIG.

Which Company is Best for Drivers After an Accident?

Aig drivers who get in a collision can expect to see their prices increase by just under $85, while those who have insurance through Metlife will see around a $150 increase.

Overall, the cheaper premiums come from Aig, with monthly rates averaging $305 compared to MetLife's $368.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your insurance bill. Metlife drivers usually see a 55% increase in their auto insurance premiums after a DUI charge, while Aig will normally climb rates by about 10%.

How does Credit Score Impact Aig and Metlife Rates?

You may not have known, but your credit score can come into play when companies calculate your monthly bill. This isn't always the case (for example, California and Massachusetts are two states that ban the practice entirely), but it does affect lots of policyholders out there.

The reasoning insurance carriers use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper prices, while those with poor credit will usually be forced to pay more.

So, which carrier offers the best rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Aig or Metlife Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a sizable impact on how much car insurance companies will charge for coverage. That's because the fewer miles you put on your vehicle each year, the less likely you are to get into an accident and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles each year, as well as those who average twice that figure, Aig tends to be the less expensive option. Aig's average prices for drivers with 6,000 annual miles come in around $76 more affordable than Metlife. Those who drive 12,000 miles yearly can expect to pay about $71 less with Aig over Metlife.

Aig vs. Metlife: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a large impact as well. Typically, those who live in rural areas will pay less than drivers in urban areas because there are a lot fewer cars on the road in those areas, which reduces the chances of an accident.

When comparing these two carriers side-by-side, Aig normally comes out as the most affordable option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest premiums from both companies, but Aig comes out on top with average rates around $187 monthly. Aig also has cheaper average premiums for drivers in urban and suburban ZIP codes -- a 15% and 15% a month respective difference when compared to Metlife policyholders in similar areas.

Aig vs. Metlife Discounts

Regardless of why you might be in the market for a new car insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many insurance discounts as you can.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you can take advantage of.

Below, we've broken down all of the different discounts offered by both Aig and Metlife so that you can see which company can save you the most money each month.

Metlife blows Aig away when it comes to the sheer amount of discounts available, offering 23 more discounts than Aig.

A couple of those are overlapping for things like anti-theft discounts, distant student discounts, and discounts for being a good driver. Metlife also offers AAA discounts, academic discounts, agency transfer discounts, and more that Aig does not.

On the flip side, Aig has a couple unique discounts of its own -- advance quote discounts, guard gated discounts, hybrid vehicle discounts, and more.

Final Thoughts: Is Aig or Metlife Best for You?

So, you've seen how different factors can affect your auto insurance prices. We've shown you all the discounts each company offers, too. But, at the end of the day, is Aig or Metlife the right fit for you?

Aig might be best for you if....

• Your credit is less-than-stellar.
• Your neighborhood is in the suburbs.
• You're buying insurance for a teen and looking for a wallet-friendly option.

Metlife might be best for you if...

• You haven't received any speeding tickets or been in a collision in the last few years.
• You have a speeding ticket on your driving record.
• You are over 65 years old and want to save some money on your car insurance.

We hope this guide helps you get a better idea of the difference between Aig and Metlife. We also hope we've given you the information you need to make the best decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from a handful of carriers, not just Aig and Metlife. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top car insurance companies in your area, all in just a few minutes.

Aig vs. Metlife FAQs

Is Aig or Metlife cheaper?

Looking just at the national average rates, Aig is the more affordable of the two carriers, offering average rates of $267 per month compared to $340 for Metlife. Even so, Aig won't necessarily be the most affordable carrier for every driver, since there are a bunch of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Aig or Metlife?

Unfortunately, the answer truly is "it depends.". One company is not "better" for everyone -- it all depends on the makeup of your unique insurance profile. For example, Aig offers less expensive prices for drivers with a recent DUI, while Metlife is cheaper for drivers with excellent credit.

Why do Aig and Metlife offer me different rates?

Auto insurance companies take a look at many different factors when calculating the premiums they charge drivers. Variables such as gender, where your home is, your driving record, age, and sometimes even things like your credit score can all be used. Both Aig and Metlife calculate prices using different factors, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a variety of different carriers.

How do I know if Aig or Metlife is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best carrier for you might not be Aig or Metlife at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.