What Fred Loya Insurance Is
Fred Loya Insurance is a car insurance company that operates in multiple states and specializes in serving drivers who have had accidents, traffic violations, or lapses in coverage. Unlike some insurers that turn away drivers with poor driving records, Fred Loya focuses on people who have been denied coverage elsewhere or who pay higher rates because of their history.
The company sells standard auto insurance products — liability, collision, comprehensive — but markets itself as an option for high-risk drivers. You buy a policy directly from Fred Loya, either online, by phone, or through a local agent. The company does not work through brokers or comparison sites the way some insurers do.
Fred Loya operates in Texas, Oklahoma, New Mexico, Colorado, and Kansas. If you live outside these states, you cannot buy a policy from them, though you may find similar high-risk insurers in your state.
Key Takeaways
- Fred Loya specializes in insuring drivers with accidents, violations, or coverage gaps, not drivers with clean records.
- You buy directly from the company by phone, online, or through a local agent — not through a broker or comparison site.
- Rates depend on your driving record, the type of vehicle, the coverage limits you choose, and the state where you live.
- The company operates only in Texas, Oklahoma, New Mexico, Colorado, and Kansas.
- Getting a quote takes a few minutes and does not require you to commit to anything.
How Rates Are Set
Fred Loya calculates your rate based on several factors. Your driving record — accidents, tickets, and how long ago they occurred — is the biggest one. A recent accident costs more than one from five years ago. A current license suspension or DUI conviction will raise your rate significantly.
The vehicle you drive matters too. A sports car or a vehicle with a high theft rate costs more to insure than a sedan. The coverage limits you choose — how much liability protection you want, whether you add collision and comprehensive — also change the price. A higher deductible (the amount you pay out of pocket if you have a claim) lowers your monthly premium.
Your age, gender, and marital status factor in as well, though the weight varies by state. Some states restrict how much insurers can use these factors. The state you live in sets minimum coverage requirements, which affects the baseline cost.
Getting a Quote and Buying a Policy
To get a quote, you can call Fred Loya directly, visit their website, or go to a local agent's office if one operates in your area. You will need basic information: your driver's license number, vehicle identification number (VIN), and details about your driving history. The quote process usually takes 5 to 10 minutes.
The quote is not a binding offer — it is an estimate based on the information you provide. If you decide to buy, you will choose your coverage limits and deductible, provide payment information, and receive a policy document. Most policies start the same day or the next day, depending on when you complete the purchase and how you pay.
Fred Loya accepts multiple payment methods, including credit cards, debit cards, and bank transfers. You can usually pay monthly or in full upfront. Monthly payments may include a small fee.
Coverage Options and What They Mean
Liability coverage pays for damage or injury you cause to someone else in an accident. Every state requires a minimum amount. Texas, for example, requires at least $30,000 per person and $60,000 per accident for bodily injury, plus $25,000 for property damage. Fred Loya lets you choose higher limits if you want more protection.
Collision coverage pays to repair or replace your car if you hit another vehicle or object, regardless of who is at fault. It has a deductible — you pay that amount, and insurance covers the rest. This coverage is optional but required if you have a car loan or lease.
Comprehensive coverage pays for damage from things other than collisions: theft, weather, vandalism, hitting an animal. It also has a deductible. Like collision, it is optional unless you are financing the vehicle.
Uninsured and underinsured motorist coverage protects you if you are hit by a driver who has no insurance or not enough insurance to cover your damages. This coverage is required in some states and optional in others.
Who Fred Loya Is Right For
Fred Loya works well if you have been turned down by other insurers or quoted very high rates because of your driving record. If you have had an accident or ticket in the past few years, or if you let your insurance lapse, Fred Loya will still quote you. Many mainstream insurers will not.
The company is also a reasonable choice if you live in one of their five states and want to buy directly without using a broker or comparison tool. Some people prefer talking to a local agent or calling a company directly rather than shopping through a third-party site.
If you have a clean driving record and no recent claims, you will likely find lower rates elsewhere. Insurers that focus on low-risk drivers can offer better prices to that group. Use a comparison tool to check rates from several companies before deciding.
What Happens If You Have a Claim
If you are in an accident or experience theft or damage, you report it to Fred Loya by phone or through their website. You will need details about what happened, the date, location, and any other vehicles or people involved. Take photos of the damage if you can.
Fred Loya will assign an adjuster to your claim. The adjuster investigates what happened, reviews your policy, and determines what the company will pay. If you have collision or comprehensive coverage, the adjuster will arrange for an estimate of repair costs. You pay your deductible, and Fred Loya covers the rest (up to the limits of your policy).
The time it takes to resolve a claim varies. straightforward claims may be settled in days; complex ones can take weeks. Fred Loya provides a claim number and a way to check the status of your claim online or by phone.
Canceling or Changing Your Policy
You can cancel your Fred Loya policy at any time. Call the company, go online, or visit a local agent. Some states require a waiting period or allow the company to charge a cancellation fee, but this varies. Check your policy document or ask when you cancel.
If you want to change your coverage — raise or lower your deductible, add or remove coverage types, or update your vehicle — you can do that without canceling. Contact Fred Loya to request a change. The new coverage usually takes effect when ready or on the date you choose.
If your rates go up at renewal, you have the option to shop around. You are not locked in. Some states allow you to cancel without penalty if the company raises your rate significantly at renewal.
Frequently Asked Questions
Does Fred Loya insure drivers with a suspended license?
No. You must have a valid driver's license to buy a policy. If your license is suspended, you cannot legally drive, and Fred Loya will not insure you. Once your license is reinstated, you can get a quote.
Can I get a policy if I have never had insurance before?
Yes. Fred Loya insures first-time buyers. You will likely pay a higher rate than someone with a long history of continuous coverage, but you can get a policy. Have your driver's license and vehicle information ready when you get a quote.
What if I move to a state where Fred Loya does not operate?
Your policy will end on the date you move. You will need to find a new insurer in your new state. Contact Fred Loya before you move to confirm your policy end date and to avoid being charged for coverage you cannot use.
How long does it take to get a policy after I buy it?
Most policies start the same day you purchase them, as long as you complete the transaction before the company's cutoff time (usually late afternoon). If you buy in the evening or on a weekend, your policy may start the next business day. Your policy document will show the exact start date.
Can I bundle Fred Loya auto insurance with home or renters insurance?
Fred Loya sells auto insurance only. They do not offer home, renters, or other types of insurance. If you want to bundle policies, you will need to buy home or renters insurance from a different company.