Fred Loya Auto Insurance Review 2022 | Bankrate

fred loya insurance offers an auto insurance solution for high risk drivers who may have difficulty purchasing insurance from standard auto insurance companies. If one of their local agencies is available in your area, they could be a convenient and helpful resource for your auto insurance needs. However, Fred Loya’s high auto insurance premium rates and low customer service ratings may make it a deal breaker for some drivers.

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 qualifying factor in their state) may benefit more from the company . Fred Loya currently has over 500 local agencies, but only in Alabama, Arizona, California, Colorado, Georgia, Indiana, Nevada, New Mexico, and Texas.

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  fred loya car insurance | bank 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 comprehensive and collision coverage. It’s unclear if Fred Loya offers unique coverage options not commonly found with other auto insurance companies, but in the areas where they operate, local agencies can help answer these and other questions.

  Due to its limited coverage options and state availability, fred loya’s bank rate score is not as high as some of the top auto insurance companies in our scoring model, which is calculated at a scale of 5.0. Additional contributing factors include its high average premiums and low customer service ratings, which may not make it an ideal choice for drivers who prioritize affordability and good customer service.

  fred loya car insurance cost

  According to our study of the average cost of car insurance, drivers with car insurance from fred loya pay an average of $2,889 per year for comprehensive coverage and $449 per year for minimum coverage. Although Fred Loya’s average minimum coverage rates are below the national average of $565, ​​his average full coverage rates are higher than the national average of $1,674 per year. In fact, while researching rates for this Fred Loya insurance review, most of Fred Loya’s full coverage rates for a variety of auto insurance scenarios are significantly more expensive than the national average rates.

  fred loya car insurance discounts

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

  fred loya car services

  fred loya offers a direct repair program (drp) that connects policyholders with authorized auto body shop partners. If you choose to have the damage repaired as part of a covered claim, vehicle repairs are guaranteed 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 worth considering

  fred loya’s only insurance product is auto insurance. its website and other company platforms do not offer any information about additional products or services that drivers can benefit from.

  fred loya social responsibility

  fred loya has not disclosed any information about his company’s philanthropic activities or charitable giving.

  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 quoted are based on a 40-year-old male and female driver with a clean driving record, good credit, and the following total coverage limits:

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

  To determine the minimum coverage limits, Bankrate used a minimum coverage that meets each state’s requirements. our base drivers own a 2019 toyota camry, commute five days a week, and drive 12,000 miles a year.

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