American Alternative Insurance Corporation Review (2024)

Discover how American Alternative Insurance Corporation (AAIC) leads the industry by tailoring insurance solutions and providing swift claims processing for comprehensive coverage across various aspects of life.

UPDATED: Jun 14, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jun 14, 2024Fact Checked

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American Alternative Insurance Corporation

Average monthly rate for business insurance:

$100

A.M. Best rating:

A

Complaint level:

Low

Pros

  • Tailored insurance coverage for individual needs
  • Fast and efficient claims processing
  • Comprehensive range of insurance types
  • National coverage for policyholders
  • User-friendly online application process

Cons

  • Limited international coverage for travel insurance
  • Not the most budget-friendly option for certain demographics
  • Could expand to offer more niche insurance products

American Alternative Insurance Corporation (AAIC) distinguishes itself as a leading provider of personalized insurance solutions, offering a comprehensive array of coverage options tailored to individual needs.

Their emphasis on customer satisfaction is underscored by efficient claims processing and a user-friendly online application process. By consistently delivering on their promise of tailored coverage, AAIC has garnered positive client reviews and left a significant impact on the insurance industry.

With an eye toward the future, AAIC’s innovative approach ensures that their insurance solutions remain aligned with evolving customer requirements.

American Alternative Insurance Coverage Options

American Alternative Insurance Corporation (AAIC) provides a diverse range of coverage options that cater to the specific needs of its clients.  Here are the coverage options offered by the company:

  • Auto Insurance: AAIC’s auto insurance policies encompass a variety of coverage types, including liability, collision, comprehensive, and uninsured/underinsured motorist coverage. This comprehensive approach ensures that policyholders are protected in various scenarios on the road.
  • Home Insurance: AAIC offers comprehensive home insurance that covers not only the structure of the dwelling but also personal belongings, liability, and additional living expenses in case of a covered event like fire, theft, or natural disasters.
  • Health Insurance: AAIC’s health insurance policies provide coverage for medical expenses, hospitalization, prescription medications, and preventive care. Depending on the plan chosen, individuals and families can receive financial assistance when dealing with health-related costs.
  • Travel Insurance: Travel can sometimes come with unexpected disruptions. AAIC’s travel insurance policies cover trip cancellations, trip interruptions, medical emergencies abroad, lost luggage, and more. This coverage provides peace of mind during journeys.

By offering these comprehensive coverage options, AAIC ensures that its policyholders are safeguarded across various aspects of their lives.

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American Alternative Insurance Rates Breakdown

Driver ProfileAmerican AlternativeNational Average
Clean Record$80$119
1+ Ticket$110$147
1+ Accident$130$173
DUI$150$209
Poor Credit$138$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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American Alternative Insurance Discounts Available

DiscountAmerican Alternative
Anti Theft8%
Good Student5%
Low Mileage10%
Paperless3%
Safe Driver15%
Senior Driver5%

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American Alternative Insurance Corporation (AAIC) believes in providing value to its policyholders through a range of discounts that help make insurance coverage more affordable.

  • Safe Driver Discount: Policyholders with a clean driving record and a history of responsible driving are eligible for this discount, which can significantly reduce their premiums.
  • Multi-Policy Discount: Clients who bundle multiple insurance policies with AAIC, such as auto and home insurance, can enjoy a discount on their overall premium costs.
  • Good Student Discount: Students who maintain a high level of academic achievement are often rewarded with lower insurance rates, encouraging both scholastic excellence and responsible behavior.
  • Safe Vehicle Discount: Owning a vehicle equipped with safety features such as anti-lock brakes, airbags, and anti-theft devices can lead to a reduced premium.
  • Home Security Discount: Homeowners who have implemented security measures like alarm systems and smoke detectors may qualify for a discount on their home insurance.
  • Loyalty Discount: Long-term policyholders who remain with AAIC over time are often eligible for a loyalty discount, recognizing their commitment to the company.
  • Pay-in-Full Discount: Clients who choose to pay their premiums in full, rather than through installments, can enjoy a discount on their total premium amount.
  • Good Health Habits Discount: Some health insurance plans offer discounts or incentives to policyholders who actively engage in healthy behaviors and participate in wellness programs.
  • Safe Travels Discount: Travel insurance policies may offer a discount for travelers who have a history of safe and incident-free trips.
  • Group Discounts: AAIC may partner with certain organizations, employers, or affinity groups to offer exclusive discounts to their members or employees.

These discounts not only make insurance coverage more affordable but also encourage policyholders to make responsible choices and engage in behaviors that contribute to their safety and well-being.

How American Alternative Insurance Ranks Among Providers

American Alternative Insurance Corporation (AAIC) operates in a competitive landscape within the insurance industry, where several notable companies vie for market share.  Here are some of AAIC’s main competitors:

  • Allstate Insurance: A well-known name in the insurance sector, Allstate offers a wide range of coverage options, including auto, home, life, and more.
  • State Farm: State Farm is recognized for its extensive agent network and a variety of insurance products, including auto, home, health, and financial services.
  • Geico: Geico is known for its competitive pricing and direct-to-consumer model. They offer a range of insurance options, including auto, motorcycle, and home insurance.
  • Progressive Insurance: Progressive is distinguished by its innovative approach and user-friendly online tools.
  • Liberty Mutual: Liberty Mutual provides a range of insurance products, including auto, home, renters, and more.
  • Travelers Insurance: Travelers offers a diverse portfolio of insurance solutions, including property, casualty, and specialty lines.
  • Nationwide Insurance: Nationwide is known for its broad selection of insurance products, including auto, home, life, and pet insurance.
  • USAA: While primarily serving military members and their families, USAA is renowned for its exceptional customer service, competitive rates, and comprehensive coverage options in auto, home, and financial services.
  • Erie Insurance: Operating mainly in the Midwestern and Eastern U.S., Erie Insurance offers a range of insurance products, including auto, home, and business insurance.

These competitors, along with others in the industry, contribute to a dynamic marketplace where insurers strive to differentiate themselves through innovative offerings, customer-centric approaches, and competitive pricing.

Read more: Liberty Insurance Corporation: Customer Ratings & Reviews

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American Alternative Insurance Corporation Claims Process

Ease of Filing a Claim (online, over the phone, mobile apps)

American Alternative Insurance Corporation (AAIC) offers multiple convenient options for policyholders to file insurance claims. Customers can choose to file claims online through the company’s user-friendly website.

This digital platform allows policyholders to initiate their claims from the comfort of their homes or offices, providing a hassle-free experience. Alternatively, AAIC provides a dedicated phone line for claim submissions, ensuring that customers can opt for a more traditional approach if they prefer speaking with a representative.

Additionally, AAIC offers a mobile app for those who prefer to manage their claims on the go. This app is equipped with intuitive features that make filing claims a straightforward process, offering a seamless experience for tech-savvy customers.

Average Claim Processing Time

One of the critical aspects of any insurance company’s claims process is the speed at which claims are processed. AAIC strives to expedite this process to minimize customer inconvenience.

While actual processing times may vary depending on the complexity of the claim and other factors, AAIC has maintained a competitive average claim processing time compared to industry standards. The company is committed to efficiently handling claims, ensuring policyholders receive the support they need when they need it most.

Customer Feedback on Claim Resolutions and Payouts

AAIC values customer satisfaction and continuously seeks to improve its claim resolution and payout process. Customer feedback is a vital part of this improvement process. The company encourages policyholders to share their experiences and opinions regarding claim resolutions and payouts.

AAIC has received positive feedback from many satisfied customers who have praised the company’s fair and timely claim settlements. The commitment to transparency and fairness in the claims process has earned AAIC a solid reputation among its policyholders.

American Alternative Insurance Corporation Digital and Technological Features

Mobile App Features and Functionality

AAIC’s mobile app offers a range of features and functionalities designed to enhance the overall insurance experience. Users can easily access their policy information, view payment details, and initiate claims directly from the app.

The app also provides policyholders with the ability to request roadside assistance, get quotes, and even access helpful resources such as safety tips and FAQs. The intuitive design and user-friendly interface make the mobile app a valuable tool for managing insurance policies and claims efficiently.

Online Account Management Capabilities

AAIC’s online account management capabilities empower policyholders to have complete control over their insurance accounts.

Through the company’s website, customers can log in to their accounts to update personal information, review policy documents, make premium payments, and track the status of their claims. This digital convenience ensures that policyholders can manage their insurance needs with ease, eliminating the need for time-consuming visits to a physical office.

Digital Tools and Resources

To further assist policyholders in making informed decisions, AAIC provides a variety of digital tools and resources. These resources include online calculators, coverage guides, and informative articles on insurance-related topics.

The company’s commitment to educating customers and providing valuable tools sets it apart as a technologically forward insurance provider, offering not only coverage but also valuable knowledge to policyholders.

Frequently Asked Questions

What makes American Alternative Insurance Corporation (AAIC) different from traditional insurance companies?

AAIC stands out due to its commitment to tailoring coverage according to individual needs and its prompt claims processing, setting it apart from conventional insurers.

How can I apply for insurance with AAIC?

Applying for insurance with AAIC is straightforward—utilize their user-friendly online application process that guides you through each step seamlessly.

Can I rely on AAIC’s travel insurance for international trips?

Absolutely, AAIC’s travel insurance provides comprehensive coverage for both domestic and international travel, ensuring protection wherever you go.

Are AAIC’s policies only available in specific states?

No, AAIC offers national coverage, making its policies accessible across the entire country for all eligible individuals seeking insurance.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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