Lexon Insurance Company Car Insurance Review [2020]

This Lexon Insurance Company Car Insurance Review [2020] review will cover Lexon Insurance Company Car Insurance Review [2020] ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. To compare insurance rates from the best companies in your locale, enter your ZIP code below.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 29, 2021

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Company Details
Address: 10002 Shelbyville Road, Suite 100
City: Louisville
State: KY
ZIP Code: 40223
Phone Number: 615-553-9500
Year Founded: 1992
AM Best Rating: A+ (Superior)
Company Rating 0 (0 reviews)

Here's what you should know...

  • Lexon Surety Group does not offer auto insurance.
  • The company was formed as a merger between Lexon Insurance Company and Safeguard Insurance
  • They provide property and casualty insurance, as well as specialty insurance to businesses

Lexon Insurance Company of Heritage, TN is the subject of this car insurance review. Lexon Insurance Company is a subsidiary of Lexon Surety Group based in Austin, TX.

The group was formed as a merger between Lexon Insurance company and Safeguard Insurance company and provides surety bonds through agents in 49 states and Washington D.C.

See the best car insurance quotes from companies in your area by entering your ZIP code above!

What Lexon Insurance Company Offers

Lexon Insurance Company was originally established in 2001 under the name Underwriters Indemnity Company. It adopted the new Lexon name in 2003. The company provides property and casualty insurance products for businesses as well as specialty products to the oil, gas, and mining industries.

Despite what other Internet car insurance review sites claim, there is no indication that Lexon provides personal auto policies.

Lexon is certified by the U.S. Department of the Treasury as a bond issuer.

The company is also a member of such organizations as the National Association of Surety Bond Producers, the Surety and Fidelity Association of America, and the Securities and Insurance Licensing Association. A.M. Best gives Lexon a financial stability rating of “A-” Excellent. Its sister company, Safeguard Insurance Company, receives the same rating.

Very little else is known about Lexon, but interested consumers are encouraged to visit the company website. Their Treasury Department certification lists the company as having a capacity for federal bonds in excess of $3.9 million.

The listing enables the company to write federal bonds as high as $9 million, though in conjunction with other reinsurance companies, higher bond limits can also be realized.

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