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It was founded in 1922 in San Antonio, Texas, by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance, when they were unable to secure auto insurance because of the perception that they, as military officers, were a high-risk group. [5] [6]
Fred Loya Insurance is a Texas based Hispanic 500 car insurance company. [3] As of 2016 the company had 5,200 employees and 700 offices in Alabama, Arizona, California, Colorado, Georgia, Illinois, Indiana, New Mexico, Nevada, Ohio and Texas. [4] It is the 18th largest Latino-owned company in the country. [2]
Liberty Mutual Insurance Company is an American diversified global insurer and the sixth-largest property and casualty insurer in the world. [3] It ranks 87th on the Fortune 100 list of largest corporations in the United States based on 2024 revenue. [4]
Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that. Here's how you can save yourself as much as $820 annually in minutes (it's 100% free)
GOBankingRates brings you the five best cheap car insurance companies for 2021 based on rates and coverage options. Find out how you can beat the average.
Takeaway. Vehicle characteristics, like additional safety features offered on a newer vehicle, may make certain coverage types less expensive due to reducing the risk of an accident.
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