AIG vs. UAIC: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, AIG offers significantly cheaper prices than UAIC
• AIG may help you save more money -- they offer more discounts than UAIC
• AIG offers more affordable premiums for policyholders who live in suburban areas

AIG or UAIC: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to AIG or UAIC as potential options, but which company will save you the most?

As you can see, AIG is around $70 a month more affordable than UAIC when looking at the national average rates for car insurance.

Even so, that doesn't mean AIG will necessarily be less expensive than UAIC for every single driver. Auto insurance carriers use a ton of complex algorithms to determine prices, so depending on how old you are or where you live (among quite a few other factors), you could see wildly different rates from the ones above.

So, if you want to find out which of AIG or UAIC is really the best for you, keep reading to see average premiums for each carrier broken down by lots of different rate factors.

AIG vs. UAIC: Average Car Insurance Rates by State

Both AIG and UAIC only offer insurance in Florida, so you'll see that the average figures here will mirror the ones we mentioned above. AIG drivers tend to pay about $70 per month less on average compared to drivers who use UAIC for their car insurance.

Typically, your home state will play a hefty role in how much you pay for insurance, but since both companies only do business in Florida, numerous other variables will come into play when you compare AIG and UAIC. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers out there on the road. It's usually because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have AIG for their auto insurance pay over 35% less than those who use UAIC.

But both companies will offer you dramatically lower premiums once you turn 25. For example, average prices for AIG policyholders decrease about $150 and UAIC's premiums drop around $300 over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates out there.

When looking at AIG and UAIC specifically, which company is best for retired drivers? AIG gets the edge, with premiums for drivers 65 and older almost 20% more affordable than the national average for UAIC.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be more expensive for single drivers than they are for married drivers. This usually boils down to married couples having more than one vehicle on their policy -- something a lot of insurance carriers will reward with discounts.

For those who are single, the difference in average rates between these two companies is significant, with AIG prices coming in at a quarter less than UAIC's. The advantage for married policyholders with AIG is also obvious, where drivers save nearly 15% a month.

AIG or UAIC: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll typically end up paying more for auto insurance than women.

Men normally pay about $15 per month more than women with AIG, but with UAIC, the difference is closer to $4 a month.

Looking at the data for each carrier specifically, AIG offers the most affordable average rates for both men and women. On average, male drivers save about $65 per month and women save around $76 with AIG compared to the average UAIC policyholder.

AIG vs. UAIC: 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.

It's no secret that car insurance can be a complicated subject for most people. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which generally refers to having collision and comprehensive coverages in addition to what you get with liability coverage).

When it comes to state minimum limits for liability insurance, AIG has the edge, while UAIC offers the cheapest average premiums for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $150 with AIG, while full coverage comes out to be about $7 cheaper with UAIC.

Is AIG or UAIC Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that collisions and speeding tickets lead to higher rates, but which company -- AIG or UAIC -- has the lowest premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use AIG for their insurance can normally expect their monthly bill to go up around 25% after getting a speeding ticket. UAIC policyholders can expect a less drastic increase of about 22%.

However, AIG has less expensive prices for drivers in both categories. With AIG, drivers with a clean record can save around $32 a month and drivers with a ticket can save about $29 per month.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault collision with AIG increasing by around 27%. UAIC has a less extreme climb, but you can still expect to pay more than 20% more than you were prior to your first accident.

At the end of the day, AIG offers the most affordable rates for drivers with an at-fault collision on their records, with average prices coming in at $305 compared to UAIC's $326.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even a collision. On average, UAIC will raise your premiums about 43% after a DUI, while AIG's average prices rise by nearly 10%.

But if you end up with a DUI charge and are looking for more affordable rates, AIG tends to be more affordable for the average driver, with monthly premiums coming in at around $246 to UAIC's $446.

How does Credit Score Impact AIG and UAIC Rates?

Often times, your credit score can be used as one of the factors to calculate your monthly car insurance premiums. This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it might come into play for many policyholders.

Auto insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

Looking at AIG and UAIC specifically, which carrier has the cheapest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, AIG will typically reward you the most. For policyholders with "excellent" credit scores, AIG comes in over 25.22 less expensive. Drivers with "good" credit scores usually save about 22% with AIG compared to average prices from UAIC.

Which Company is Best for Drivers with Bad Credit?

AIG typically offers lower rates than UAIC when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 21% a month less with AIG compared to UAIC, and those with "poor" scores generally save an average of about 16% a month.

Is AIG or UAIC Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly premiums. Typically, those who drive fewer miles will end up with cheaper prices since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much UAIC charges. However, there's a small difference in monthly rates for AIG, with drivers who put 6,000 miles on their car each year paying around $8 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, AIG is the more affordable carrier.

AIG or UAIC: 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 car insurance, but the type of area you live in can have a substantial impact as well. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders since there are a lot more vehicles on the road where they live, which increases the chances of an accident.

AIG tends to offer the lowest prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, AIG's average rates are about $72 less than UAIC. People who live in suburban areas pay around $106 less with AIG compared to UAIC. Those in rural areas can expect to save about $33 with AIG compared to UAIC.

AIG vs. UAIC Discounts

You want to save as much money as you can, right? The best way to do that is by utilizing as many insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you qualify for.

Luckily, we did the hard work for you and compared all of the different discounts offered by AIG and UAIC so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Overall, AIG comes out ahead with 13 discounts to UAIC's 12.

There are a couple discounts both carriers offer, but AIG also offers discounts for advance quote, distant student, guard gated, and more.

On the other hand, UAIC has a few proprietary discounts of their own for things like agency transfer discounts, EFT discounts, homeowner discounts, and more.

Final Thoughts: Is AIG or UAIC Best for You?

So, we've broken down the average premiums for many of the variables car insurance companies look at, and we've shown you all the discounts each carrier offers. But, at the end of the day, which insurance company is the best fit for you?

AIG might be best for you if....

• Your driving record contains an at-fault accident.
• You're looking for the best rates on liability only coverage.
• You're of retirement age and want to take advantage of lower prices.

UAIC might be best for you if...

• You want the most robust protection via a "full coverage" policy.

Hopefully, this guide helps you get a good idea of the differences between AIG and UAIC. We also hope we've given you the information you need to make the best decision when it comes to your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from multiple carriers, not just AIG and UAIC. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

AIG vs. UAIC FAQs

Is AIG or UAIC cheaper?

AIG is the cheaper of the two carriers when looking at national average premiums, with policies averaging $267 per month with AIG and $337 for UAIC. That being said, that doesn't mean AIG will be the most affordable carrier for everyone, since there are several different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, AIG or UAIC?

Unfortunately, the answer truly is "it depends.". No single company is "better" for everyone -- it all boils down to your unique insurance profile.

Why do AIG and UAIC offer me different rates?

Auto insurance companies use quite a few different variables when determining the prices they charge. Things such as gender, age, where your home is, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both AIG and UAIC use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if AIG or UAIC is right for me?

The only way to find the insurance company that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't AIG or UAIC at all, but another you hadn't even thought of!

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.