Is MetLife Auto and Home a Preferred Company?

[Denise509]

I think I already asked this before but for some reason my computer isn't letting me access my old threads/posts ....... is MetLife considered a preferred company in Washington State?

 

[Guest]

Yes.........................

 

[Denise509]

Thank you I ask because people keep on telling me it's standard

 

[Guest]

actually, they might have both.

some people call standard, preferred also.

They are Not Sub-standard

 

[Denise509]

actually, they might have both.

some people call standard, preferred also.

They are Not Sub-standard

Does anybody know for sure

 

[NCAgent]

They are standard/preferred business. Meaning that they don't handle people with tickets well, lower credit, multiple losses, and things like that compared to companies like GMAC or Progressive.

So yes, Metlife is a standard/preferred company. Most people use those terms interchangeably.

Standard company- take standard risks and better
non-standard company- take the higher risks

Now, being preferred/standard doesn't mean best rates either though, it is just a classification. Once you have those broken up into 2 groups (standard and non-standard), you start ranking companies based on rates and markets within those groups.

 

[Denise509]

They are standard/preferred business. Meaning that they don't handle people with tickets well, lower credit, multiple losses, and things like that compared to companies like GMAC or Progressive.

So yes, Metlife is a standard/preferred company. Most people use those terms interchangeably.

Standard company- take standard risks and better
non-standard company- take the higher risks

Now, being preferred/standard doesn't mean best rates either though, it is just a classification. Once you have those broken up into 2 groups (standard and non-standard), you start ranking companies based on rates and markets within those groups.

I ask if Met is preferred because they've appointed me already. I need at least one preferred company in order to get appointed with a couple of non-standard companies I've been talking to....the reps told me to email them as soon as I get a preferred appointment but I don't want to sound dumb if I say, "Oh hey I got Met!" and they aren't preferred. You know what I mean lol

 

[Guest]

You should be OK using Met's name as preferred

 

[AZInsurance1]

Preferred Companies may also look at a risk as non-standard but still write them. An example would be a clients who has a couple home claims in a 3 year period. A company like a Travelers or Hartford may approve the risk but may consider the client non-standard.

DUI, SR-22, No Prior Insurance are good examples of Non-Standard Auto.

 

[CaptiveGuy]

Preferred Companies may also look at a risk as non-standard but still write them. An example would be a clients who has a couple home claims in a 3 year period. A company like a Travelers or Hartford may approve the risk but may consider the client non-standard.

DUI, SR-22, No Prior Insurance are good examples of Non-Standard Auto.

I just found this out the other day. Rated an auto with Safeco and the tier on the summary screen actually said "non-standard" because of claims but they didn't deny it because the client was a homeowner. My carrier rep would not have been happy if I had bound that risk though...

Another example of non-standard is no prior insurance or current low limits of insurance.