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Traders Car Insurance Review

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Introduction

If most auto insurance companies consider you a high-risk driver, you'll probably have to do some searching to find a cheap auto insurance coverage that matches your needs.Are you seeking an affordable auto insurance policy with a small down payment? Then Traders Auto Insurance is the one you maybe looking for.

The $20 down payment of Traders Auto Insurance gets you the coverage you need to get your car on the road, whether you're choosing to switch from your existing insurance carrier or going to buy a new car. Buying an insurance policy from Traders won't make your wallet suffer. Traders currently offer an insurance policy for drivers in five states - Arkansas, Indiana, Kansas, Oklahoma, and Missouri.

Every driver benefits from finding the rightauto insurance since it provides the peace of mind they require. So, what are the coverages and discounts that Traders Auto Insurance offers to the drivers? Our research will answer all the questions in your mind and help you in deciding whether Traders is the right insurance company for you!

Pros and Cons

PROS CONS
Easy to file claims, pay your premiums online, and review your policy via the company's website Limited availability. The company provides auto insurance only in five states
The company offers insurance that has enough coverage for high-risk drivers Customers have an issue with the delay in getting claim payout
Offers affordable auto insurance with a low down payment AM Best hasn't given a rating for the company
Have got A+ (excellent) rating from Better Business Bureau (BBB) Customers have an issue with the delay in getting claim payout

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Traders Auto Insurance Coverages

Traders specialize in non-standard vehicle insurance coverage for high-risk drivers. Traders Insurance claims on their website that its auto insurance coverage can help you in the following situations.

  • If someone is hurt in a car accident.
  • Your vehicle gets stolen.
  • Someone involved in a car accident but lacks adequate insurance coverage.

When you sign up for a policy with this insurer, you can choose from several coverage options. Theynot only provide the essential coverage that most insurance companies provide but also a few extras.Traders Auto Insurance has the following coverage options.

High-risk Drivers:High-risk drivers may find it difficult to obtain insurance, let alone coverage that is reasonableevery month. Traders Auto Insurance offers special coverage for customers who have been convicted of traffic violations or have a bad credit history.

Collision:Even without considering medical expenses, collision accidents can be very expensive.Collision coverage is what you'll need to cover damage to your car or any other vehicle. It also helps in the replacement of car that gets totaled.

Comprehensive:Although comprehensive coverage is usually an add-on to your policy, it is something you should consider. It helps insurance cover additional damages to your vehicle in the event of an accident,vandalism, weather occurrences, and animal incidents.

Uninsured/underinsured drivers:You never know who you'll collide with. So, with underinsured/uninsured motorist coverage, you can ensure that all accident costs are paid even if the other driver doesn't have insurance. This is also a great way to protect yourself from hit-and-run accidents.

Personal Injury Insurance:PIP is designed to cover some medical costs resulting from an accident, such as lost income, and can pay up to 80% of your medical costs.

Rental Compensation:You will be able to rent a car at an agreed-upon rate and have the costs refunded if you are unable to drive your vehicle after an accident and have rental reimbursement.

Traders Auto Insurance also provides coverages like towing and labourand roadside assistance.

Traders Average Auto Insurance Rates

A Traders Auto Insurance quoteis not available on the company's website. Instead, you need to speak with an agent to discover more about the company's insurance rates in your area. The rate may be higher as the company provides insurance for high-risk drivers.

But, Traders have the reputation of providing affordable premium rates when compared to other major insurers. Before you purchase an auto insurance policy, you should search for various car insurance quotes so you can compare rates and make sure you're not paying too much for coverage.

TradersAuto Insurance Discounts

These are some of the discounts that you will get while taking a policy from this insurer.

Safe Driver:Drivers who have had no fines or incidents for which they were found to be at fault for a particular period are eligible for this discount.

Good Student:Students with a B or a higher GPA receive a good student discount.

Military:Active and veteran military members can make use of this discount.

Senior Citizen: This discount is available to drivers over the age of 55.

Drive Less: Drivers who drive less than 800 miles per month qualify for a discount.

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Traders Auto Insurance Customer Satisfaction

Generally, theTraders Auto Insurance reviews are positive. The consumer feedback for Traders Auto Insurance is favorable, especially in terms of their representatives'responsiveness. In comparison to other providers, they are especiallyhelpful in high-stress situations and can help to lessen yourconcerns after an accident.Moreover, the agents of this company are quite supportive when filing a claim or having concerns about your coverage.

Way.com Summary

Traders Auto Insurance is a good insurer for drivers who wish to work with a mid-sized insurance company that concentrates on clients in the Midwest. It is one of the better regional companiesthat you'll discover,with representatives in Arkansas, Indiana, Kansas, Oklahoma, and Missouri.

You can quickly receive a Traders Auto Insurance quote and assess what type of insurance is right for your needs with affordable premiums, enoughadd-ons to consider, and excellent customer service.But some customers have faced issues when filing a claim or even delays in getting a claim payout.

Furthermore, this insureroffersaffordable packages for young and high-risk drivers, and there are numerous positive Traders Auto Insurance reviews to consider. AMBest does not currently rate Traders Insurance, but the Better Business Bureau (BBB) gives the company an A+ (excellent) rating.

So, high-risk drivers in these five states can choose Traders Auto Insurance if they're looking for a policy with good coverage and decent discounts.

About Traders Auto Insurance

Launched in 1976, Traders Insurance has been in the industry for over 45 years. The insurer specializes in auto insurance, but it also provides renters coverage. A family-owned insurance company, its headquarters is in Kansas City, Missouri. According to their Linkedln page, the insurer has around 96 employees.

Traders Auto Insurance's main goal is to make sure that their customers may acquire the coverage they need at anaffordable price. They are designed to help working families find insurance policies that are simple to understand and customizeaccording to their unique needs.

Contact Details

Type of Contact Contact
Home Office Traders Auto Insurance
9300 Troost Ave
Kansas City, MO 64131
Customer Service 800-369-0369
Claims Support 816-333-5030

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

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