Metlife Auto Insurance: Cost And Coverage Options

MetLife is an insurance company that offers auto insurance policies through Farmers GroupSelectSM. MetLife has a strong global presence, serving 95 out of the top 100 Fortune 500 companies. While it has received praise for its online quote system and policy management options, MetLife has also faced criticism for its limited driver discounts and lack of mobile app features. In terms of pricing, MetLife is generally considered expensive for most types of drivers, with an average annual cost of $1,686. However, it may be a good option for young drivers as its rates are moderately priced for this demographic. When compared to other insurers, such as GEICO and State Farm, MetLife's rates vary depending on factors like credit rating, driving history, and age.

MetLife auto insurance is expensive for most drivers, with an average annual cost of $1,686

The cost of car insurance varies depending on several factors, such as age, driving record, location, and credit score. When compared to other top insurers, such as GEICO and State Farm, MetLife tends to be more expensive for drivers with good credit scores but more affordable for those with poor credit. For example, drivers with exceptional credit scores of 800 and above would pay, on average, $229 more with MetLife than with GEICO. On the other hand, drivers with very bad credit would find MetLife more affordable than GEICO.

MetLife also offers discounts that can help lower the cost of car insurance. These include common discounts such as bundling, multiple-car policies, defensive driving, good student, and safe driving. They also offer unique discounts, such as a $50 credit for each year without a claim, up to a maximum of $250, and a 12% superior driver discount for drivers with a clean record.

While MetLife auto insurance may be expensive for most, it is important to consider other factors besides cost when choosing an insurer. These include the quality of service, financial strength, and customer satisfaction ratings. MetLife scores highly on financial strength, indicating its ability to pay legitimate claims without issue. However, their ratings for customer service and satisfaction are average or below average.

MetLife offers a 12% discount for safe drivers

MetLife Auto Insurance is no longer available as the company sold its auto and home insurance business to Farmers Insurance in 2021. However, prior to this sale, MetLife offered a 12% discount for superior drivers. This discount was applicable if all drivers in the household had a clean driving record, with no accidents or violations.

MetLife also offered other discounts to its auto insurance customers, such as the Deductible Savings Benefit, which provided $50 for each year that an insurance claim was not filed. Additionally, customers could earn up to $250 towards their insurance deductible if they had a covered loss. The MetRewards Discount offered further savings of up to 20% for customers with no claims or violations for five years.

MetLife also incentivised safe driving among college students by offering a discount if they maintained at least a B average and took an approved driver's safety course. Families with college students could benefit from lowered rates if their child attended a college at least 100 miles away and did not have regular access to a vehicle.

While MetLife auto insurance is no longer available, the company continues to offer a range of insurance products, including life insurance, supplementary health insurance, and specialty products, with a strong presence in nearly 50 countries.

Teen drivers should choose GEICO over MetLife

When it comes to auto insurance for teens, GEICO is a better option than MetLife for several reasons. Firstly, GEICO offers significantly lower rates for teen drivers, with average yearly savings of $2,926 compared to MetLife. This makes a big difference as car insurance for teens tends to be pricier due to their lack of driving experience and higher accident rates.

Secondly, GEICO offers a range of discounts specifically for teens and young drivers, which can help make their insurance more affordable. These include a good student discount of up to 15% for maintaining a "B" average or better, and a good driver discount of up to 22% for those without an accident on their record in the last 5 years. GEICO also offers a DriveEasy program that rewards safe driving habits with discounts of up to 10% or more.

Thirdly, GEICO is available in all 50 states, making it a more accessible option for teens across the country. In comparison, MetLife is only available in 44 states. GEICO also has superior financial strength ratings, indicating a greater ability to pay legitimate claims without issue.

Furthermore, GEICO has a direct-to-consumer sales model, providing exceptional service and superior coverage to its customers. GEICO also offers a convenient mobile app with features such as Emergency Roadside Service, which can assist with towing, lockouts, fuel delivery, and more.

While MetLife has its strengths, such as unique coverages like original equipment manufacturer (OEM) coverage and a strong international presence, it falls short when it comes to affordability and customer satisfaction for teen drivers. Therefore, teen drivers and their families should strongly consider GEICO over MetLife for their auto insurance needs.

MetLife is a good option for drivers with poor credit

In addition, MetLife offers a range of discounts that can help offset the higher costs. These include common auto insurance discounts such as bundling, multiple car, defensive driving, good student, safe driving, anti-theft system, pay in full, and paperless billing. There are also unique discounts, such as for customers over 55 who have completed a safe driving course and for those with no late fees over 12 months. These discounts can help make MetLife a more affordable option for drivers with poor credit who may be facing higher insurance costs due to their credit history.

Furthermore, MetLife has a strong international presence in nearly 50 countries and serves 95 out of the 100 Fortune 500 companies. This demonstrates its stability and ability to provide reliable insurance services. MetLife also offers convenience and ease of use through its online quote and buying tools, as well as its policy management options. Customers can manage and modify their coverage through an easy-to-use online dashboard.

However, it is important to consider customer reviews and ratings when choosing an insurance provider. MetLife has received some criticism for its customer service and complaint resolution. There have been reports of difficulties reaching customer support and issues with claim processing. Additionally, some customers have expressed concerns about unexpected fees and a lack of transparency regarding commissions and fees. Therefore, while MetLife may be a good option for drivers with poor credit due to its financial stability and discounts, it is essential to weigh these advantages against potential challenges in customer service and transparency.

MetLife has an average customer satisfaction rating

The National Association of Insurance Commissioners (NAIC) gave MetLife a score of 0.89, indicating slightly better-than-average complaint numbers. Most complaints appear to be the result of difficulties with the claims process and unexpected fees.

Based on 39 ratings out of 146 reviews, QuoteWizard gave MetLife an overall satisfaction rating of 2 out of 5 stars. Some customers praised the company for its reasonable pricing, while others criticised its lack of follow-up and decisions to cancel policies without notice. The Better Business Bureau gave MetLife a B+ rating, taking into account the length of time in business and resolution of complaints filed. However, the company's failure to swiftly respond to complaints hurt its ratings.

In terms of regional ratings by J.D. Power, MetLife received the following scores out of 1000:

• Florida: 812 (about average)
• New England: 773 (below average)
• New York: 801 (below average)
• North Central: 788 (below average)
• Southeast: 804 (below average)

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