Fred Loya Car Insurance Review & Ratings (2024)

Customers looking to buy Fred Loya car insurance will find that rates are lower than many competitors, but the company has a high number of complaints. Also, the company doesn’t provide quotes or allow customers to file claims online.

Understanding more about Fred Loya car insurance will help you determine if it’s the right fit for you.

Now that you know about Fred Loya car insurance, enter your ZIP code to get free auto insurance rates in your area.

What You Should Know About Fred Loya Insurance

Fred Loya Insurance Coverage Options

Since companies price coverages individually, your chosen types of insurance will impact your policy rates. For this reason, it’s essential to know what each coverage entails to determine if it’s necessary.

Fred Loya provides the most popular types of auto insurance coverage. The following table shows the car insurance coverages offered by Fred Loya.

Fred Loya Car Insurance Coverages

In addition to these coverages, Fred Loya provides coverage for rental cars. Customers can purchase rental reimbursement coverage as an add-on, which carries your liability coverage to a rental car while your vehicle is in the shop.

However, Fred Loya doesn’t offer roadside assistance. The lack of this option requires customers to find another way to receive support if they suffer car trouble while traveling. Many of the other top car insurance companies offer this to policyholders.

Fred Loya also provides coverage for high-risk drivers, including people with poor and no credit. A person needing an SR-22 form to reinstate their license can also get the necessary coverage from the company.

Fred Loya Insurance Rates Breakdown

According to the Insurance Information Institute, several factors determine auto insurance rates. Insurance companies price coverages individually, so your rates will depend on your policy. Liability coverages are the least expensive, and full coverage policies are the most costly.

Comparing affordable Fred Loya car insurance rates with other companies will help you find the cheapest option. The following chart shows the average annual full coverage rates from Fred Loya and some of the best insurance companies by driving record.

As you can see, the average Fred Loya car insurance quotes are cheaper than State Farm, Geico, and Allstate for drivers with a clean record and with one accident. However, State Farm rates increase less than Fred Loya after drivers get into their first accident.

Fred Loya Insurance Discounts Available

While Fred Loya offers low rates, customers can lower their costs further by combining various discounts. These deals are dependent on your vehicle, schooling, driving record, and lifestyle.

While Fred Loya states that it offers discounts on its website, specific deals are not listed. However, the following chart shows some of the standard car insurance discounts and the eligibility requirements for drivers.

Fred Loya Car Insurance Discounts

Since Fred Loya doesn’t state which discounts are available or their eligibility, you’ll need to ask about possible discounts when inquiring about Fred Loya car insurance quotes.

Read More: Loya Car Insurance Discounts

Fred Loya Car Insurance Claims Process: Simplified Filing and Swift Resolutions

Ease of Filing a Claim

Fred Loya offers limited options for filing a claim. Customers can either file a claim by visiting a company branch in person or by calling the claims office at 800-880-0472. Unfortunately, online claims filing is not available, which may inconvenience customers looking for a digital claims submission process.

Average Claim Processing Time

Specific information about the average claim processing time at Fred Loya is not provided in the available content. This information is crucial for policyholders to understand how efficiently their claims are handled and resolved.

Customer Feedback on Claim Resolutions and Payouts

The available content does not provide insights into customer feedback regarding claim resolutions and payouts by Fred Loya. Understanding customer experiences with claim resolutions is important for potential policyholders in assessing the reliability and effectiveness of the company’s claims process.

Mobile App Features and Functionality

The content does not elaborate on the features and functionality of Fred Loya’s mobile app. Mobile apps are increasingly essential in the insurance industry, offering convenient access to policy information, claims tracking, and other essential services. Understanding the capabilities of Fred Loya’s mobile app is important for customers who prefer managing their insurance needs through digital platforms.

Online Account Management Capabilities

Unfortunately, the available content does not provide details on the online account management capabilities offered by Fred Loya. A robust online account management system is crucial for policyholders to efficiently manage their policies, view documents, pay premiums, and make necessary changes to their coverage.

Digital Tools and Resources

Specific digital tools and resources provided by Fred Loya are not discussed in the available content. Modern insurance companies often offer various digital tools and resources to educate policyholders, provide helpful information, and enhance the overall insurance experience. Understanding the digital tools available is essential for customers seeking a seamless and technology-driven insurance provider.

How Fred Loya Insurance Ranks Among Providers

Navigating the complex landscape of auto insurance requires a careful consideration of various providers. Fred Loya Car Insurance, while offering competitive rates, faces robust competition from well-established players in the industry. Here are some key competitors and understand why they pose a challenge.

• State Farm: State Farm is one of the largest and most well-known insurance providers in the United States. They offer a wide range of insurance products, including auto insurance. State Farm’s extensive network and reputation make them a formidable competitor.
• Geico: Geico, known for its humorous advertising and competitive rates, is a major player in the auto insurance industry. With a strong online presence and a focus on technological advancements, Geico poses a challenge to Fred Loya, especially in attracting tech-savvy customers.
• Allstate: Allstate is another prominent insurance company with a comprehensive range of coverage options. Their emphasis on customer service and various discount programs makes them a strong contender against Fred Loya.
• Progressive: Progressive is known for its innovative approach, including usage-based insurance and a user-friendly online platform. Their aggressive marketing and focus on appealing to a wide range of drivers make them a direct competitor.
• Farmers Insurance: Farmers Insurance is a well-established insurance provider offering various coverage options. Their emphasis on personalized service and local agents could be a competitive advantage in regions where Fred Loya operates.

In a highly competitive insurance market, Fred Loya faces significant competition from industry giants like State Farm, Geico, Allstate, Progressive, and Farmers Insurance. Each competitor brings its own strengths, whether it’s a vast network, innovative technology, or personalized service.

Fred Loya’s ability to differentiate itself in terms of pricing, customer service, and coverage options will play a crucial role in its success amidst these formidable competitors. Customers are encouraged to thoroughly compare quotes and consider the specific offerings of each company to make an informed decision.

How are the Fred  Loya car insurance reviews?

Credit rating agencies regularly review and rate auto insurance companies, helping customers determine how likely they are to provide a payout. However, these agencies have not completed Fred Loya insurance reviews.

Additionally, Fred Loya is not accredited by the Better Business Bureau (BBB). However, the BBB has given the company a C rating. Fred Loya has received 41 reviews on the BBB website and has an average rating of one out of five stars from customers.

At the time of this review, the BBB has received 109 complaints about the company over the past three years. The top three complaints about Fred Loya include:

• Unsatisfactory settlements and offers
• Delays in handling claims
• Denial of claims

Given the lack of Fred Loya car insurance company ratings, it’s difficult to determine its quality of service. However, reading through the complaints will help you decide if they should be a concern.