UPDATED: Sep 5, 2020
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AutoinsuranceEZ.com Rating:“Non-Standard” insurance coverage is code in the industry for coverage sold to drivers who, for many different reasons, might not be able to purchase a standard policy from a major insurance provider. Such circumstances include poor credit, a bad driving record, DUI, and more. If you live in CO, CA, NV, IL, TX, or NM and require a non-standard policy, then Fred Loya may be able to sell you a policy. Below, we’ll take a look at the attributes of this insurer and evaluate the potential risks and rewards of doing business with them.
Fred Loya Insurance Review
Unfortunately for Fred Loya, they don’t have the strongest ratings. For starters, it’s difficult to gauge their financial strength because they have not been evaluated by major credit rating agencies like AM Best or S&P Global. As far as customer service goes, it appears to be hit-or-miss. Different Fred Loya insurance offices in different cities and states across the country have received different ratings from the BBB. Some offices have earned as much as an A grade; others are as low as “F” or have no rating at all.
|NAIC Complaint Index (2012)||1.17 (Somewhat Above Average)|
|AM Best Financial Strength||NR (Not Rated)|
Fred Loya Insurance Discounts
When it comes to non-standard auto coverage, insurance companies aren’t always so keen on trying to attract more business with discounts. Fred Loya, however, offers a small exception to that industry rule. They do offer one modest discount, and it’s a fairly common one. If you pay your balance in full every time you renew your policy, you can look forward to the savings below:
Fred Loya Auto Insurance Options
Fred Loya offers non-standard insurance coverage to drivers who struggle to find coverage from other providers. On the company website, this coverage seems to be limited to Liability only, and in the lower amounts necessary to be considered legal coverage. For higher coverage limits or additional coverage options, like Comprehensive or UM/UIM, you may need to contact an agent directly in order to find out what is available.
Comparing Fred Loya Insurance Quotes
In Texas, where everything is bigger (which is especially true in the case of automotive insurance premiums), there is data that suggest an average 30-year-old driver with basic Liability coverage can expect to pay around $85/mo for a policy. Keep that number in mind as you compare it to other quotes from across the country: