MetLife Car Insurance Company Review
Started in 1863 by a group of businessmen in New York City, MetLife Inc. was originally called the National Union Life and Limb Insurance Company, and it insured sailors and soldiers in the Civil War for war-related disabilities. From that humble beginning, MetLife Inc. has grown to become a global presence in the insurance business. Besides all forms of insurance, the company also operates annuities, savings, and employee benefit programs.
MetLife Inc. is a brand name in 60 countries and has over 90 million customers. A leader in insurance, as well as, financial products and services, MetLife Inc. functions in the United States, Latin America, Europe, the Asia Pacific, and the Middle East.
Established in 1972, MetLife Home & Auto is the brand name for MetLife’s personal insurance companies in the United States. The insurance branch of MetLife includes automobile, home, dental (in selected states), disability income, and life policies. Working with an extensive list of agents, affiliates and subsidiaries, MetLife Inc. is committed to providing personalized services tailored to meet its customers’ various needs.
Car Insurance Options Offered by MetLife Auto & Home
Having worked with customers for over 40 years, MetLife Auto & Home has developed a range of automobile coverage options. These packages can be customized to meet your unique requirements.
MetLife’s Coverage PlusTM features are included in most of the comprehensive policies offered by the company. Customers can choose additional features that will increase their protection. Some of the inclusive features are liability protection against bodily injuries and property damage; collision and comprehensive coverage; medical payments; personal injury protection; and uninsured or underinsured driver protection.
MetLife Auto & Home also offers a range of additional features that can be added to your insurance package. Some of the choices include roadside assistance, GAP insurance, rental car coverage, labor cost insurance and more.
Another popular auto insurance policy offered by MetLife targets the hidden costs charged by car rental agencies. So in the unfortunate case of an accident with a rental car, the Enhanced Rental Car Coverage policy covers customers for charges such as lost rental income while the damaged rental car is being repaired, claim handling expenses, decrease in the market value of the rental car; and expenses such as towing.
MetLife Auto & Home also offers motorcycle insurance though the policies are not available in all states. Additionally, it also insures recreational vehicles such as all-terrain vehicles, snowmobiles, boats, as well as, mobile homes, among others.
Unique Features Available with MetLife Auto Insurance Policies
MetLife Auto & Home has earned its brand value by setting itself apart through a variety of promotions, excellent perks and acknowledged customer service. For instance, the Collision and Comprehensive Coverage Advantages offers a large number of free benefits. With the new car replacement feature, you will get the full cost of your car without losing any percentage to depreciation if your new car is wrecked within a year of purchase or before you travel 15,000 miles.
Another important aspect is the major parts replacement policy wherein MetLife auto insurance will pay to replace parts such as tire, batteries, and brakes that are usually excluded in the policies of most other auto insurance companies. This is done irrespective of the condition of such parts at the time of the accident. MetLife repairs chipped or cracked windshields without charging their customers a deductible.
Car Insurance Discounts from MetLife
The auto insurance company also offers a wide range of discounts and rewards for safe driving and making good choices. Some of their trademark discounts are the 7% Defensive Driver Discount that can be earned by completing a qualifying driver safety course and the 12% Superior Driver Discount or 20% MetRewards® where you can get up to 12% Superior Driver Discount if your household comprises of drivers with excellent records.
You can also receive up to 20% MetRewards, if you do not make a claim and remain violation-free for five years. If you have a student driver in your household, you may be eligible for the Good Student Discount that gives a 15% rebate to qualifying students.
According to a National Public Radio program, MetLife Auto & Home is the first national insurer in the U.S. to offer identity-theft protection as well as resolution services at no extra cost.
MetLife Auto & Home’s Market Share
MetLife Inc. (MET), which is listed at the New York Stock Exchange, paid out over $2,012,537,987 in premiums. According to the National Association of Insurance Commissioners, that gives MetLife’s automobile insurance segment, a market share of 1.23% in 2009.
According to a July 2010 article in Insurance Business Weekly, “Life Insurance; Tips for Staying Cool When Your Teen Starts Asking to Drive,” MetLife Auto & Home holds over 2.7 million active policies in the United States, and services 58 of the Fortune 100 companies.
How MetLife Inc. Stands Out
Headquartered in New York City, MetLife Inc. has a multi-cultural, multi-ethnic customer base and has strived hard to make their advertising appeal to all consumers. With that focus, the company has launched their “I can do this” advertising campaign in February 2012 that specifically targets the uncertain economic times and the means by which consumers can avail insurance and protection.
But the most memorable icons of the company are Snoopy and the Peanuts gang, the popular cartoon characters as well as the MetLife blimps, carrying various messages, such as “guarantees for the if in life” that are fixtures at major sporting events.
MetLife Auto & Home Ratings
Established in 1972, MetLife Auto & Home has grown from strength to strength. According to A.M. Best Financial Strength Rating, MetLife has an A+ rating while Standard & Poor’s awarded the company an A rating.
Additionally, MetLife has received a slew of awards, from “Best Managed Insurance Company for 2008” by Forbes magazine to being featured on the Fortune list of most-admired companies from 2008 through 2010. It has also been named as one of the “100 Best Companies for Working Mothers,” for offering flexible schedules, working-from-home options, and childcare assistance for eleven consecutive years (1999–2009) by Working Mother magazine.
Many drivers choose MetLife auto insurance for the needs and if you need car insurance MetLife is certainly a company to compare quotes from.