Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jul 19, 2021

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The Truth in a Nutshell

  • AAA life insurance costs $16.40 per month on average for a healthy 30-year-old.
  • AAA sells term, whole, and universal life insurance products as well as accident insurance and annuities.
  • You do not need to be a AAA club member to purchase a life insurance policy.

Known for roadside assistance and travel discounts, the American Automobile Association (AAA) also sells a wide range of life insurance products through the AAA Life Insurance Company.

However, you do not need to be a club member to purchase a policy. How much does life insurance cost through AAA? A healthy 30-year-old can expect to pay about $16.40 per month for a term policy.

Keep reading to discover if this company is a good option for you.

Below, we look at actual AAA life insurance rates, explore the different insurance products offered, and dive into the company’s customer service reviews and financial strength ratings.

AAA life insurance quotes may not be available where you live, but by entering your ZIP code into our free quote tool above, you’ll immediately receive rates from the top life insurance providers near you.

What are the AAA life insurance rates?

A healthy 30-year-old will have an average monthly rate of $16.40 to buy AAA life insurance.

However, your premium will vary depending on your medical record, occupation, age, and gender.

The table below compares the average monthly rates paid by people of different ages and genders for a 20-year AAA term life insurance policy with a $250,000 death benefit.

AAA Average Monthly Term Life Insurance Rates by Age and Gender
AgeAverage Monthly Rates for 20-Year Term, $250,000 Policy (Female)Average Monthly Rates for 20-Year Term, $250,000 Policy (Male)
25 years-old$12.54$13.86
30 years-old$13.20$14.52
35 years-old$13.64$15.40
40 years-old$18.04$20.68
45 years-old$27.50$31.90
50 years-old$36.74$47.74
55 years-old$55.88$73.92
60 years-old$85.80$123.86
65 years-old$154.66$239.80
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As you can see, young, healthy individuals will have no problem securing an affordable AAA life insurance policy.

Why is insurance so expensive for some people? It could be because of a rocky medical history, a pre-existing condition, or even old age.

While you do not need to be a card-carrying member of AAA to apply for life insurance, members receive a 10 percent discount on their monthly premium.

To seek out a quote, visit AAA.com and navigate to the life insurance page. There, you can also create your AAA life insurance login and profile.

Customers can use the phone, mobile app, and website to manage their policy details.

You can also pay your premium, submit and track claims, and more through the various member portals.

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What insurance products does AAA offer?

AAA sells term, whole, and universal life insurance. The company also sells accident insurance and annuities.

The term life insurance options available include ExpressTerm, a 10-, 15-, 20-, or 30-year policy with coverage ranging from $25,000 to $500,000. You must be between 18 and 75 to qualify for coverage.

This policy can cover you in as little as 10 minutes; a medical exam is only required based on your answers to a questionnaire.

The Traditional Term policies feature higher coverage options ranging from $100,000 to $5,000,000. Optional riders include a child term, a disability waiver of premium, and a return on your premiums.

Unlike the Express Term application, which can be handled entirely online for those in good health, you must talk with an agent before purchasing a Traditional Term policy.

There are also two whole life insurance policies: basic Whole Life and a Guaranteed Issue Whole Life option.

The traditional Whole Life policy provides coverage between $5,000 to $75,000. You must be between 18 and 85 years old to qualify.

Optional riders include a child term, a disability waiver of premium, and accidental death and travel accident add-ons.

The Guaranteed Issue Whole Life policy is a no-medical exam final-expense policy with a graded death benefit. It is available to folks between the ages of 45 and 85, and the death benefit only goes up to $25,000.

If you pass away from a non-accidental death within the first two years of your policy, your beneficiaries receive all premiums paid, plus 30 percent.

The two universal life insurance options available are LifeTime Universal and Accumulator Universal. Both policies are permanent and start at $100,000 worth of coverage.

LifeTime Universal is best for those only intending to leave an inheritance to someone. Accumulator Universal is better for people who plan to use their life insurance cash value while still alive.

Like the name implies, the accident insurance, called Member Loyalty Accident, is only available to AAA members.

The annuity products include EliteGuarantee Deferred Annuity, Platinum Bonus Annuity, and Guaranteed Income Annuity. You must apply with an agent for all three products.

What are the AAA ratings and reviews?

It’s essential to look into the financial strength of a life insurance company before you purchase a policy.

You want to trust that whatever provider you use will be able to pay out your death benefit, even in the event of an economic downturn.

Fortunately, AAA received an A (Excellent) financial score from A.M. Best in August of 2020. You can trust that this company is financially solid.

It would be best if you also looked into customer reviews for any company you’re considering. Pay attention to issues with billing, claims centers, or agents and other customer representatives.

As recorded by the National Association of Insurance Commissioners (NAIC), AAA’s complaint index is 0.91. A score of one is perfectly average.

That number means the provider received an average number of customer complaints for a company of its size. Overall, AAA’s customers appear to be well-taken care of and satisfied.

What is the history of AAA Life Insurance Company?

The American Automobile Association was founded in 1902 to address a lack of appropriate roads for motor vehicles.

Mostly known for roadside assistance packages and travel discounts, the AAA Life Insurance Company didn’t join the family until 1969.

However, the company has been offering life insurance and annuity products to both club members and non-members ever since.

While it may not be one of the top 10 life insurance companies in the United States, today, the provider boasts over 1.3 million active policies.

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AAA Life Insurance Company: The Bottom Line

If you’re in good health and are looking for a basic term life insurance policy, add AAA Life Insurance Company to your list of providers to compare.

The company offers a wide variety of term policies with competitive rates. Some term and whole policies are even available without a medical examination.

Another great benefit? Members receive an additional 10 percent off on the life insurance policies.

However, if you want traditional whole life insurance, your options are limited with this provider. The company doesn’t sell whole life insurance with coverage exceeding $25,000.

By taking the time to research companies and compare quotes online, you’ll secure the most affordable life insurance rates from the right provider for you.

AAA Life Insurance Company may not be active where you live, but you can still compare quotes from the top providers available in your area by entering your ZIP code into our free quote tool below.