Metropolitan Lloyds Car Insurance Review [2020]

This Metropolitan Lloyds Car Insurance Review [2020] review will cover Metropolitan Lloyds 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: Two Galleria Tower 13455 Noel Road
City: Dallas
State: TX
ZIP Code: 75240
Phone Number: 401-827-2400
Year Founded: 1993
AM Best Rating: A (Excellent)
Company Rating 0 (0 reviews)

Here's what you should know...

  • Metropolitan Lloyds is based out of Texas
  • The company tripled its assets between 2007 and 2010
  • Although they withdrew their home and fire policies, they still actively offer auto insurance coverage

The Metropolitan Lloyds car insurance review shows that this company, out of Texas, is an active property and casualty company headquartered in Dallas. They are licensed to write allied coverage, auto liability, auto physical damage, burglary and theft, fire, forgery, glass, inland marine, general liability, ocean marine, and reinsurance of all lines.

Their total assets tripled from 2007 to 2009, showing more than $38,700 in total assets as of December 31st, 2009. In comparison, their total liabilities totaled more than $24,000. The property and casualty category accounted for more than $110,000 in premiums (all numbers in millions).

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Metropolitan Lloyds Company Outlook

While the Metropolitan Lloyds Insurance Company of Texas saw an influx in justified complaints in 2009 it has seen a drastic reduction for 2010 as of May 31st of the same year. A justified complaint is one in which there is an actual violation of a policy or provision. From 2008 to May 31st, 2010, Metropolitan Lloyds did not have any justified complaints for the categories of life and annuity, accident and health, or worker’s compensation.

However, for the homeowner category, the complaints went from five to seven and then back down to four in those same years. In 2008, Metropolitan Lloyds received six justified complaints for car insurance, jumping up to 13 in 2009 and dropping back down to only 2 at the almost halfway mark in 2010.

Metropolitan Lloyds has moved their home office location within Texas several times in a few years’ time. In 1996, they relocated from Irving to Plano and then in 2000, they moved from Plano to Addison. The following year in 2001, they moved again, this time to Irving, and in 2008, they moved again to Dallas, which is where they still resided in 2010.

While they withdrew from writing fire and residential dwelling insurance in 2002, Metropolitan Lloyds Insurance Company of Texas continues to write car insurance policies. They currently have an A rating for their financial stability from AM Best.

Be sure to compare your Metropolitan Lloyds car insurance quotes online with quotes from many top companies using our free tool. Enter your zip to start now!

References:

  1. https://www.metlife.com/individual/insurance/auto-insurance/index.html
  2. https://www.21st.com/insurance-newsletters/2012/01/5-types-of-car-insurance-coverage.htm

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