If you are shopping for auto insurance and have considered 21st Century take a second look. Have you noticed how similar 21st Century Insurance commercials are to the AIG auto insurance commercials? As it turns out 21st Century is owned by AIG. It appears that AIG’s new strategy is to sell insurance through their subsidiaries and keep their name out of the headlines.
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In September 2007, AIG, which owned 62% of 21st Century, bought the remainder for $813 million. Since AIG no longer promotes their insurance products directly they have turned to their wholly owned subsidiaries to get you to buy their insurance products. Sounds a little suspect to me. I am not sure I would want to own an insurance policy from a company that most likely will fail or be sold off in the next few years. Before you buy insurance, just like anything else, do a background check to make sure who you are dealing with. AIG has dozens of affiliates that operate under different brand names. Beware!
Good News for Auto Security
The areas of the country reporting the most significant decline in car thefts were Dallas, Los Angeles, Detroit, New York City and Miami. 257 other urban areas also reported decline.
Perhaps to credit for the reduced trend in thefts are “bait programs”, wherein police leave cars unlocked with keys in the ignition to tempt – and catch – thieves. Also potentially helpful are programs from insurance companies like Allstate and State Farm, which offer discounts to their customers who use anti-theft devices in their automobiles.
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Does this mean that you can relax when it comes to the security of your car? Police still suggest taking at least basic measures to protect your vehicle. Although very rudimentary, the first and most important step police recommend is locking your car. The majority of thefts occur when people make it easy for thieves.