Loya vs Root Car Insurance for 2023

Car insurance is one of the most important purchases you’ll make as a car owner. Finding the right car insurance company can be challenging, especially with so many options available. Two popular options are Loya and Root car insurance. In this article, we’ll compare Loya car insurance vs Root car insurance to help you make an informed decision. We’ll cover everything from the company’s history and mission to the cost of their services and customer reviews. So, let’s dive in!

Interesting Attributes of Loya Car Insurance and Root Car Insurance:

• Loya offers a range of insurance products, including car, home, and commercial insurance.
• Root uses telematics to determine your insurance rates, which means your driving habits will impact the cost of your coverage.
• Both companies offer discounts to safe drivers, making them great options for those looking to save money on car insurance.

Company History and Mission:

Loya Insurance was founded in 1974 in El Paso, Texas. The company’s mission is to provide affordable, high-quality insurance products to customers across the United States. Loya Insurance offers a range of insurance products, including car, home, and commercial insurance.

Root Insurance, on the other hand, is a newer company that was founded in 2015. Their mission is to make car insurance more fair by using technology to determine rates based on driving habits. Root uses telematics to track your driving behavior, including how often you drive, how hard you brake, and how fast you go. They claim that using telematics helps them provide more accurate and fair rates to customers.

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Products and Services:

Loya Insurance offers a range of insurance products, including car, home, and commercial insurance. They offer liability coverage, collision coverage, and comprehensive coverage for cars. Loya Insurance operates in 11 states, including California, Colorado, Georgia, Illinois, Indiana, New Mexico, Nevada, Ohio, Texas, Utah, and Wisconsin. The cost of their services varies depending on factors such as your age, driving history, and the type of car you drive.

Root Insurance specializes in car insurance and uses telematics to determine rates. They offer liability coverage, collision coverage, and comprehensive coverage for cars. Root Insurance operates in 30 states, including Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming. The cost of their services also varies depending on factors such as your age, driving history, and the type of car you drive.

Discounts Available to Customers:

Both Loya Insurance and Root Insurance offer discounts to safe drivers. Loya Insurance offers a safe driver discount, a multi-car discount, and a homeowner discount. To qualify for the safe driver discount, you must have a clean driving record for the past three years. The multi-car discount applies when you insure two or more cars with Loya Insurance. The homeowner discount applies when you own a home and insure it with Loya Insurance.

Root Insurance also offers a safe driver discount, which is based on your driving behavior as tracked by their app. The app tracks things like how often you drive, how hard you brake, and how fast you go. If you’re a safe driver, you could save up to 52% on your insurance rates. Root also offers a multi-car discount, which applies when you insure two or more cars with them.

Customer Reviews:

Both Loya Insurance and Root Insurance have mixed customer reviews. Loya Insurance has a 2.5-star rating on Trustpilot, with some customers praising the company’s customer service and others complaining about slow claims processing and poor communication. Root Insurance has a 4.4-star rating on Trustpilot, with many customers praising the company’s innovative approach to car insurance and its easy-to-use app. However, some customers have complained about issues with claims processing and customer service.

FAQ:

Q: How does Root Insurance determine rates?

A: Root Insurance uses telematics to determine rates based on driving behavior, including how often you drive, how hard you brake, and how fast you go. This means that your driving habits will impact the cost of your coverage.

Q: Does Loya Insurance offer home insurance?

A: Yes, Loya Insurance offers a range of insurance products, including car, home, and commercial insurance.

Q: What discounts does Root Insurance offer?

A: Root Insurance offers a safe driver discount and a multi-car discount. The safe driver discount is based on your driving behavior as tracked by their app, and the multi-car discount applies when you insure two or more cars with Root.

Q: What states does Loya Insurance operate in?

A: Loya Insurance operates in 11 states, including California, Colorado, Georgia, Illinois, Indiana, New Mexico, Nevada, Ohio, Texas, Utah, and Wisconsin.

Q: What states does Root Insurance operate in?

A: Root Insurance operates in 30 states, including Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.

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