UPDATED: Nov 30, 2018
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Agency Insurance Company of Maryland Summary
Agency Insurance Company (AIC) was founded in 1990 in Maryland to provide an affordable alternative for auto insurance to local drivers. They have since expanded to cover several other states, offering insurance products in Pennsylvania, Virginia, and Florida. Their headquarters is located in Hanover, MD.
Unlike many other smaller auto insurance companies, AIC writes insurance policies for a complete range of vehicles, from two wheels to trailers. They aim to provide cost-efficient coverage with a solid insurance program that offers multiple options and discounts. They also promise low down payments and flexible payment plans, things we usually see offered by non-standard insurance companies. AIC, however, does not present itself as a non-standard insurer, at least not in any obvious way.
AIC policies are sold through independent agents across the states they serve – they do not offer online quoting or direct sales.
AIC insures all kinds of vehicles, including a standard personal auto insurance program and commercial vehicle coverage. They also cover many different specialty vehicles.
Personal Auto Insurance
They have a fairly good list of available discounts as well, including multi-policy, homeowner’s (this is a discount for owning a home, and not an auto-home discount), and paid-in-full discounts. They also offer the option of accident forgiveness, which is one of the most popular add-ons and not always offered by smaller insurers.
AIC offers coverage for a long list of other types of vehicles, with coverage and availability varying by state:
- Golf carts
AIC writes commercial auto coverage for vehicles that are used in various types of business activities. Policies include all of the basics of coverage as well as add-ons to suit the needs of the particular business. Among the commercial options they offer are:
- Any Auto
- Garage Keepers’
- Motor Truck Cargo
- Combined Single Limits up to $1 million
AIC does not offer online quoting, and instead will direct you to an agent who can provide a quote. Due to the lack of quoting service and the fact that the company doesn’t write insurance in our rate test states, we are unable to provide a rate comparison.
The company promises low rates, however they write policies only through agents, which generally points to higher premiums than direct buy companies. Furthermore, small regional insurers rarely come in at premium levels that can compare to the larger national companies.
That said, this company does advertise low rates and budget-friendly payments, so they may well be competitive with similar companies.
AIC accepts claims over the phone, by fax, or via email. The toll-free, 24/7 claims line can be reached at 1-800-841-5241. The fax number is local-only; faxes can be sent to 410-684-3271.
The claims email address is firstname.lastname@example.org. This is the only option for filing a claim online; there is no online claims form for direct submission to the company.
The company’s website does not provide further information regarding their claims process, although it most likely follows a standard procedure of assignment to an adjuster, investigation, and determination of available benefits.
The site likewise doesn’t indicate whether or not they offer a preferred vendor network for guaranteed repairs. Not all smaller companies offer this service, but it’s not unheard of for a multi-state regional insurer like AIC.
It would be an added benefit to see a claims information page added to the website. This would provide a little more information, beyond just contact phone numbers, so that customers would be able to access information quickly.
AIC, as Agency Services, Inc., has an A+ rating with the Better Business Bureau currently. There are only three complaints against the company in the past three years, two of which were closed in the past 12 months.
Google reviews for the company are across the board negative, with a few higher ratings near the bottom. Since these ratings aren’t accompanied by any comments it’s difficult to put any weight to them. The complaints are from both customers of AIC and those who were involved in an accident with an AIC-insured driver. They fall into two main categories: poor customer service and poor clams handling.
Although the reviews are mainly negative, there still aren’t a large number of them.
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Agency Insurance Company of Maryland is a relative newcomer to the insurance market, and promises low rates – a promise we are unable to verify due to the lack of online quoting. Although they are not labelled as a non-standard company, they do give the impression of catering to a budget market, and may appeal more to those who haven’t had much luck with bigger companies.
AIC has a few complaints, and although there is nothing serious overall, there isn’t enough to highly recommend the company due to a general lack of detailed information on the website. You may want to consider them if you’re already receiving multiple quotes from an agent who offers their products, just to do a price comparison, but it would be wise to compare them against other companies before committing to a policy.
For a list of companies that we recommend, visit our Best Insurance Companies page.