Fred Loya Auto Insurance Review (2024)
Fred Loya offers auto insurance coverage at cheap rates, but the company has more than its fair share of customers complaints.
Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Sep 4, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 4, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Fred Loya Insurance
Average Monthly Rate For Good Drivers
$241A.M. Best Rating:
Not RatedComplaint Level:
HighPros
- Policies for high-risk drivers
- Complimentary rental cars with specific policies
- Cheap rates
- Convenient locations with local agents
Cons
- A significant number of customer complaints
- Past legal issues
- No online claims processing or quotes
- Confusing language for policies and exclusions
- Limited claims filing accessibility
- Fred Loya offers some of the cheapest rates for car insurance coverage
- The company has garnered nearly five times as many complaints from customers as other companies of its size
- Fred Loya may be a good option for high-risk drivers who find it challenging to get car insurance elsewhere
Fred Loya may come to mind if you’re looking for cheap car insurance. In some cases, Fred Loya offers rates for car insurance that are half of what other companies ask for. But Fred Loya might not be the best car insurance company for you.
The company has had legal issues, ultimately having to pay fines for its misleading business practices. Additionally, many Fred Loya customers have negative things to say about the company, its policies, and its claims process.
What You Should Know About Fred Loya Insurance
Unfortunately, Fred Loya car insurance reviews suggest the company may not be a good fit for most people. The company has far more than the expected number of complaints for a company of its size, according to the National Association of Insurance Commissioners (NAIC).
Additionally, Fred Loya insurance claims reviews from customers state the company does not honor its policies, causing customers to have to pay out of pocket for things that their insurance should cover.
Fred Loya was fined in 2012 for not adhering to underwriting guidelines. Even now, the NAIC shows that the company has nearly 500% more complaints than it should based on its size.
As you search for auto insurance, you should find multiple options that may work for you. However, you should avoid Fred Loya coverage and pursue a policy with another company with better ratings and positive customer feedback.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
What is Fred Loya?
Fred Loya Insurance Company offers nonstandard auto insurance coverage to high-risk drivers. In addition, the company provides liability policies to individuals who may find it challenging to get coverage elsewhere.
Here are some of the high-risk drivers Fred Loya covers:
- People with a DUI or DWI on their driving record
- Individuals with bad credit
- People who need to file for SR-22 coverage
- Individuals with multiple traffic violations on their driving record
Fred Loya is a subsidiary of EP Loya Group based in Texas. If you’re considering purchasing a policy with Fred Loya, you should look around and see if you can get coverage elsewhere. Because the company has so many customer complaints, it may not be a great fit.
Fred Loya Insurance Coverage Options
Fred Loya offers the following coverage options to its policyholders:
- Bodily injury liability. This coverage pays for injuries caused during an accident.
- Property damage liability. This coverage pays for damages caused during an accident.
- Uninsured/underinsured motorist. This coverage pays when someone at fault does not carry insurance, has insufficient insurance, or a hit-and-run-driver.
- Collision. This coverage pays for damage to your vehicle caused during an accident.
- Comprehensive. This coverage pays for damage to your vehicle caused by non-accident incidents, such as inclement weather or vandalism.
In addition to the standard coverages listed above, Fred Loya offers its customers rental reimbursement options. The company does not have many add-ons for coverage, but this makes sense, as its focus is helping high-risk drivers find proper minimum coverage.
Fred Loya offers full coverage policies, but the company’s exclusions state that full coverage only extends to vehicles without any damages. Therefore, if you purchase a full coverage policy with Fred Loya, but your car has a few dents or other damage, you may find that your claims are denied in the future for this reason.
Fred Loya Insurance Rates Breakdown
This company does not offer quotes online, so you’ll have to speak with an agent to determine how much you would pay for coverage.
Drivers with Fred Loya pay around $240 monthly, or $2,889 annually, for full coverage. Compare that with rates from the top insurers in the country in the table below.
But drivers who choose a minimum coverage policy may pay as little as $2 monthly ($449 annually), which is over $100 lower than the national average.
Fred Loya's full coverage rates are much higher than the national average, which speaks to the company's main focus of offering minimum coverage to its policyholders.
Every quote you get will depend on a variety of factors, including your age and driving history.
Young, first-time drivers will pay much more for auto insurance than adults in their mid-30s with a clean driving record. Take a look at the chart below to see how much teenage drivers tend to pay for car insurance.
Once you turn 25 years old, you will see your rates decrease dramatically as long as you’ve kept a clean driving record.
A person’s driving history also plays a big part in how an insurance company sets your rates. A person with one traffic ticket will see an increase in car insurance rates. Insurance companies may raise your rates even higher if you cause an accident while driving.
It won’t be surprising that drivers will see the largest increase in premiums if they receive a DUI. Take a look at the table below to see how these violations can impact your auto insurance rates.
We always recommend getting quotes from at least three different insurance companies when shopping for insurance quotes, or even when it’s time to renew your current policy.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Fred Loya Insurance Discounts Available
Fred Loya offers specific auto insurance discounts, which may include the following:
- Multi-car
- Safety features
- Anti-theft
- Defensive driving course
- Driver's education course
- Alcohol and drug awareness course
Some companies allow customers to save as much as 25% on their insurance through discounts, so you can speak with a Fred Loya agent to see if you're eligible to save.
Frequently Asked Questions
How can I file a claim with Fred Loya?
You can file a claim with the company by calling 1-800-880-0472. The company accepts claims from 7 a.m. to 8 p.m. MT Monday through Friday and 7 a.m. to 4 p.m. on Saturdays.
What’s Fred Loya’s customer service number?
The customer service number for Fred Loya is 1-800-444-4040.
In which states is Fred Loya car insurance available?
You can purchase an auto insurance policy with Fred Loya in Alabama, Arizona, California, Colorado, Georgia, Illinois, Indiana, Missouri, Nevada, New Mexico, Ohio, and Texas.
Are there any benefits to choosing Fred Loya Insurance?
Fred Loya Insurance offers policies for high-risk drivers, complimentary rental cars with specific policies, and competitive rates compared to other insurance companies.
What are the available payment options for Fred Loya Insurance policies?
Fred Loya Insurance offers multiple payment options, including monthly, quarterly, semi-annual, and annual payments. You can discuss the available options with your agent.
Does Fred Loya Insurance provide roadside assistance coverage?
Fred Loya Insurance does offer roadside assistance as an optional coverage. You can discuss adding this coverage to your policy with a Fred Loya agent.
Can I transfer my existing policy to Fred Loya Insurance?
Yes, you can transfer your existing auto insurance policy to Fred Loya Insurance. Contact a Fred Loya agent to initiate the process and discuss the details.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
Phong
Happy that I am now no more with FredLoya
NormalMan
Cheap, just hope you never need a claim
BCM2316Te
A false claim has a positive ending thankx to having Fred Lo
Jennjenn
Fred loya employees not informativeVery
SayNOtoFredLoya
Pls save yourself the hassle! Deceptive business practices
Ayla28
Wish u had the same prices that were 5 months ago
Pez81
Better than yours
RobotPete
Bad Company That Treats Their Customers Poorly
mrxtc89117
Good company
jacks0213
You’ll regret it