Fred Loya Car Insurance Review 2022

Fred Loya Insurance offers a car insurance solution for high-risk drivers who may have difficulty obtaining insurance from standard car insurance companies. If one of their local agencies is available in your area, they could be a handy and helpful resource for your car insurance needs. However, Fred Loya’s high premium rates for auto insurance and a low customer service rating may make this a deal breaker for some drivers.

Advantages Disadvantages
Drivers deemed high risk due to prior incidents and citations may be able to find coverage with Fred Loya. Its high NAIC score indicates that Fred Loya receives four times more complaints than expected in the market.
Insurance agents can be found in convenient locations, such as grocery chains and shopping malls. Average premiums can be more expensive than standard car insurance companies.

Fred Loya has no eligibility restrictions, but drivers without a clean driving record or who have a low credit score (if allowed as an auto insurance scoring factor in their state) may qualify. more of the business. Currently, Fred Loya has over 500 local agencies, but only in Alabama, Arizona, California, Colorado, Georgia, Indiana, Nevada, New Mexico and Texas.

Fred Loya car insurance | Discount Rate Score 3.6

Fred Loya offers the same standard auto insurance coverage options as other auto insurance companies, including bodily injury and property damage liability, as well as collision and comprehensive coverage. It’s unclear if Fred Loya offers unique coverage options not commonly found with other car insurance companies, but in the areas where they operate, local agencies can help address these. questions and any other questions.

Due to its limited coverage options and state availability, Fred Loya’s Bankrate Score is not as high as some of the top auto insurance companies in our scoring model, which is calculated on a scale of 5.0. Other contributing factors include its high average premiums and poor customer service ratings, which may not make it an ideal choice for drivers who value affordability and good customer service.

Cost of car insurance Fred Loya

Based on our study of the average cost of car insurance, drivers with Fred Loya car insurance pay an average of $2,889 per year for full coverage and $449 per year for minimum coverage. Although Fred Loya’s average minimum coverage rates are below the national average of $565, ​​its average full coverage rates are above the national average of $1,674 per year. In fact, when researching rates for this Fred Loya insurance review, most full coverage Fred Loya rates for a variety of car insurance scenarios are significantly more expensive than the national average rates.

Discount on car insurance Fred Loya

On its website, Fred Loya mentions that it offers discounts as a way to save money on car insurance, but does not disclose the specific discounts available. Talking to one of their agents about discount opportunities may be the best way to learn how to apply them to your car insurance policy.

Fred Loya Car Services

Fred Loya offers a Direct Repair Program (DRP) that connects policyholders with approved collision repair partners. If elected to repair damages as part of a covered claim, vehicle repairs are warranted for as long as the driver owns or leases the vehicle. Drivers can also receive a rental car while their car is being repaired, whether or not this coverage is included in their auto policy.

Other Fred Loya Benefits to Consider

Fred Loya’s only insurance product is automobile insurance. Its website and the company’s other platforms do not offer information about additional products or services that drivers might benefit from.

Fred Loya social responsibility

Fred Loya has not disclosed any information about his company’s philanthropic activities or charitable donations.

Methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates shown are based on a 40-year-old male and female with a clean driving record , good credit and the following complete coverage limits:

  • Civil liability of $100,000 in bodily injury per person
  • Civil liability of $300,000 in bodily injury per accident
  • Civil liability of $50,000 in property damage per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 aggregate deductible

To determine minimum coverage limits, Bankrate has used a minimum coverage that meets each state’s requirements. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles a year.

These are sampling rates and should only be used for comparison purposes.