Lexon Auto Insurance Review

Lexon only sells surety bonds and doesn't offer auto insurance. Need coverage? Enter your zip code below to compare quotes for free.

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Company Details

Address:

12890 Lebanon Road

City:
Mt Juliet
State:
TN
ZIP Code:
37122
Phone Number:
615-553-9500
Year Founded
AM Best Rating:
B++
Company Rating 0 (0 reviews)

Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates...

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Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance...

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Reviewed byDaniel Walker
Licensed Insurance Agenthttps://res.cloudinary.com/quotellc/image/upload/insurance-site-images/aiorg-live/d98a9f52-daniel-walker.png

UPDATED: Apr 16, 2020

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Things to Remember...
  • Lexon Insurance is a privately held insurance company
  • Lexon Insurance specializes in offering surety bonds
  • Lexon Insurance uses independent agents to provide their products

Lexon Insurance Company, as researched for this auto insurance review, is a privately held insurance company specializing in surety bonds.

There is no indication that the company sells other types of insurance besides surety bonds, including any forms of auto insurance.

The company is a division of Lexon Surety Group, LLC along with Bond Safeguard Insurance Company. Lexon is the 13th largest writer of surety bonds in the United States.

Find auto insurance rates that meet your budget by comparing rates from auto insurance companies in your area!

Lexon Insurance Company Information

Lexon Insurance was originally founded in 2001 in Texas as Underwriters Indemnity Company. In 2003 it was purchased by the Lexon Surety Group and became the company it is today.

Lexon Insurance is now headquartered in Tennessee; however, its products are available in 49 states, Washington D.C., Guam, and the Northern Mariana Islands, a U.S. territory.

The mission of Lexon Insurance is to provide creative, sensible solutions to meet the needs of the surety bonds industry, while maintaining strong relationships with clients, agents, and brokers.

Lexon Insurance does not sell more common insurance policies such as home, business, life, or auto insurance.

Lexon only sells surety bonds, which are a promise to pay one party a certain amount if another party fails to meet their obligations as specified in a legal contract.

Surety bonds protect you against losses resulting from another’s failure to meet their end of a bargain.

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Lexon Insurance Agents

Whether you want more information about the company, a quote on surety bond rates, to file a claim, or get information on how to find a local agent or broker, you can contact Lexon Insurance Company at the following address or by calling the following phone number.

Lexon does not use their own private agents and brokers to sell their policies. Instead, they utilize a network of nationwide independent agents and brokers who are located in communities across the country.

By using local independent agents and brokers, Lexon is able to provide clients with face to face interactions close to home that many people like in an insurance company.

Lexon Insurance Products

Lexon Insurance sells several different types of surety bonds to meet the needs of various industries and legal services.

The following is a summary of Lexon’s products:

  • Contract Surety – Surety bonds for the building industry including private contractors, environmental industries, and commercial contractors and developers
  • Commercial Surety – Surety bonds for industries that include financial services, healthcare, retail, transportation, and energy
  • United States Customs Bonds – Meet the unique needs of companies importing goods to the U.S.
  • Court Bonds – include appeal bonds, injuction bonds, replevin bonds, attachment bonds, release of lien, and foreclosure bonds
  • Probate Bonds – are for conservators, guardians, administrators, trustees, and executors

Lexon Insurance Company Development

Lexon Insurance has maintained steady growth each year since being purchased in 2003.

The company is now the 13th largest surety bonds companies in the United States. They have created a niche for themselves in this unique line of insurance sales.

Lexon Insurance is a member of The National Association of Surety Bond Producers, The Surety and Fidelity Association of America, and the Securities and Insurance Licensing Association.

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Lexon Insurance Website Review

Lexon Surety Group maintains a website that is organized and well laid out but only provides limited information for potential customers. The website has a small section about the company and its products.

There is a way to locate a local agent via the website; however, it involves calling one of three agencies and online forms that customers can download.

Current customers, as well as agents and employees, can log in to access their account.

For additional information, you will have to use the agent locator or contact information to find someone to speak to directly about Lexon and its products.

Find an insurance company that can provide you with auto insurance without charging you too much!

References:

  1. https://www.lexonsurety.com/
  2. https://www.sba.gov/surety-bonds/surety-bonds-basics
  3. http://www.bondsafeguard.com/
  4. https://www.thebalance.com/what-is-an-independent-agent-527051
  5. http://www.nasbp.org/home
  6. http://www.surety.org/


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