Lloyd’s Auto Insurance Review

Lloyd’s Insurance does not provide cheap auto insurance to its customers. You may be wondering why we’re reviewing it in the first place, then, but the fact is that the company is frequently confused for Lloyd’s of London. Here, we hope to dispel the confusion and to help drivers get some information that they may be able to put towards getting great coverage on their car, truck, motorcycle or anything else they happen to be driving.

If you just want to get some coverage right away, go ahead and skip this one and move on to another of our auto insurance reviews or go right to our FREE quote finder. Just type your ZIP code into the bar and click “search” and let the website do the rest. This can get you plenty of great quotes in seconds flat so that you don’t have to do all the comparison shopping yourself.

Telling Lloyd from Lloyd

Lloyd’s of London and Lloyd’s Insurance are both frequently referred to simply as “Lloyd’s.” To clear up the confusion, look at the full name. Lloyd’s of London will print “Lloyd’s of London” on most of their press and paperwork, where this company will be referred to as “National Lloyd’s Insurance.”

National Lloyd’s is based out of Waco, Texas, where Lloyd’s of London is a London-based insurer focused primarily on marine insurance.

What National Lloyd’s Does

You won’t get auto insurance discounts from National Lloyd’s, but you will be able to get flood coverage, mobile home insurance and other policies from them.

They specialize in insuring low-valued homes. This means that most of their insurance policies are for fairly small amounts.

The company operates through a series of independent insurance agents. This differs greatly from your standard private insurance provider model. An agent will usually represent several different insurance providers at a time, attempting to bring their customers the very best price out of all of them.

A private insurance provider, on the other hand, has to play by their parent company’s rules and sell insurance only for them. While based out of Texas, Lloyd’s does do business in a number of states. These include the following:

• Oklahoma
• Arizona
• New Mexico
• Arkansas
• Louisiana
• South Carolina
• Georgia
• Tennessee
• Pennsylvania
• Ohio
• Kentucky
• Illinois
• North Dakota
• Oregon
• Missouri
• Indiana
• Colorado
• Mississippi
• Nevada

Here they offer various products from apartment renter insurance to homeowners insurance, commercial insurance, flood insurance, and surplus insurance.

Focusing on covering low rent, low value properties, Lloyd’s specializes in providing quality coverage at reasonable prices for people who perhaps might not be millionaires, but need to stay protected nevertheless.

Getting Covered

Lloyd’s does not sell auto insurance, but the companies you find through our free quote finder will. Do a quick search by typing your ZIP code into the search bar and seeing what pops up. No matter what you’re paying right now or what you’ve paid in the past, you may be surprised at how reasonable some companies can be in setting their prices. In this way, Lloyd’s is a good example of what to look for in an insurer: Great products at great prices. Try our FREE quote comparison tool by simply entering your ZIP on our homepage.

The most important thing when buying insurance is the comparison aspect. This is something that Lloyd’s offers, working through agencies: You won’t wind up with a policy from Lloyd unless Lloyd has the best policy for you. By working only through agencies, Lloyd’s shows a certain degree of faith in their own product. That same ethos can be found in the insurers you’ll find through our quote finder.