Traders Insurance has been in the insurance industry for over 45 years, and it was founded in 1976. The insurance company primarily provides auto insurance, but it also provides renters’ insurance. Their headquarters are in Kansas City, Missouri. Also, trader insurance is currently available in five states: Missouri, Arkansas, Indiana, Kansas, and Oklahoma. The carrier’s LinkedIn network lists 96 employees.
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AM Best, the leading global credit organization that monitors the insurance industry, does not currently rate Traders Insurance. The insurance company, on the other hand, has a high “A+” or excellent rating from the BBB. However, there have been 11 complaints level against the carrier through the BBB in the last three years.
At a Glance
- There are five states where coverage is available.
- Auto and renters insurance are available.
- Rated “A+” (excellent) by the Better Business Bureau (BBB)
- AM Best has not rated it.
Traders Insurance Pros:
The BBB gives it a high rating. Also, phone claim reporting is available 24 hours a day, seven days a week.
Traders Insurance Cons:
The BBB does not accredit this business. AM Best has not rated it. The website is extremely out-of-date. Their social media presence is minimal. There isn’t a lot of information provided about coverage, claims to process, and so on. A large number of negative customer reviews have been posted across multiple platforms. Coverage is limited to five states, and coverage options are also limited.
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Use our national insurance company directory to find the best company to meet your needs when looking for insurance in your state. You can also find insurance companies that specialize in your specific coverage requirements, and a local agent will assigned.
Traders Insurance Provides What Kinds of Insurance?
Traders Insurance provides the following insurance products.
- Automobile insurance
- Insurance for renters
Your independent insurance agent can also provide you with additional information about the coverages provided by Traders Insurance and assist you in determining whether or not this insurance company is right for you.
What Kinds of Savings Does Traders Insurance Provide?
Traders Insurance does not readily disclose information about its specific discounts. An independent insurance agent, on the other hand, can locate these offers for you. Independent insurance agents work tirelessly to find you the best coverage at the best price.
Customer Service at Traders Insurance
Here’s a rundown of the customer service options and availability at Traders Insurance.
- Option for phone contact
- Email contact is an option.
- Contact via snail mail
- 24-hour claim reporting is available.
- The customer service department is open from Monday to Friday (8am-5pm)
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Collaborate with an independent insurance agent to provide excellent customer service. Independent insurance agents can also handle claims and other issues on your behalf, allowing you to relax and enjoy your coverage.
Traders Insurance Company
Traders Insurance Company is a leading provider of non-life insurance and surety products to a wide range of businesses, organizations, and individuals in the Commonwealth of the Northern Mariana Islands.
Our customers have faith in the company because of its expertise, dedication, and concern. Also, customers can obtain the right insurance or surety coverage at the best possible terms. Thanks to our highly professional and experienced staff. A seasoned claims professional also processes claims quickly and efficiently.
History
Traders Insurance Company (TIC) began operations in October 1997 on Saipan, Commonwealth of the Northern Mariana Islands, writing only a few lines of insurance. TIC is currently only issuing construction and labor bonds and worker’s compensation insurance, as well as acting as an agent for some international insurance companies in the CNMI for other non-life insurance businesses.
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Furthermore, after a decade of experience and growth, TIC has earned its rightful place as one of the Commonwealth of the Northern Mariana Islands’ leading insurance providers.
Mission
Traders Insurance Company believes that its most valuable asset is its clients; thus, it is to bring its products and services closer to its clients and establish close working relationships with its general agent and brokers to ensure that it provides the best possible protection to its policyholders.
Traders Insurance Car
Finding the best car trade insurance policy can be a difficult task. We also understand, and we will do everything in our power to make the process as quick and easy for you as possible. We can also get you a cover quickly with our team of motor trade insurance specialists and a simple online quote system.
Traders Insurance Services has amassed a diverse portfolio of motor trade clients over the years, and we take pride in our ability to offer flexible terms and accommodate unusual risks. Whatever your occupation in the car trade, from large dealerships to mobile mechanics, we can find cover to meet your needs.
It only takes a few minutes to fill out our quick quote form. Also, all we require is your contact information, information about your motor trade business, and the type of policy you seek. You will then receive a call from our team within minutes, who will be able to provide you with a competitive quote that could save you up to 50% off the cost of your current premium.
What exactly is Car Trade Insurance?
Car trade insurance is a policy purchase by someone who owns and operates a vehicle-related business. This can range from cars to trucks and can provide coverage for businesses that deal with both customer and their own vehicles.
When a motor trade business deals with a customer’s vehicle, they take that vehicle into their “care, custody, and control,” which necessitates the purchase of a specialized insurance policy. The phrase ‘care, custody, and control’ appears frequently in the world of motor trade insurance.
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What Is Involved in a Car Trade Policy?
The coverage provided by each motor trade insurance policy, like any other type of insurance, will vary depending on the specific risks you face. Because of the wide variety of businesses in the motor trade, the coverage can vary greatly.
Is car trade insurance required?
If you own a business in the car trade, you must have a basic level of motor trade insurance. If you do not, you are in violation of the law. This also includes mechanics, car dealers, car valets, and other businesses of a similar nature. Coverage is required for both full-time and part-time businesses. The bare minimum of coverage is third-party only, though liability coverage is also recommended.
What is the Process of Car Trade Insurance?
The number of extras that can be added to a car trade insurance policy is almost limitless; so consider both the standard coverage and any additional coverage you may require. Some extras will cost extra, so make sure you don’t already have the necessary coverage from another source.
Traders Insurance in OKC
Finding low-cost Oklahoma City car insurance can appear to be a difficult task. Oklahoma has the highest rate of uninsured motorists in the country. Furthermore, in Oklahoma, one out of every four drivers is uninsured. As a result, insurance companies have raised their rates, making Oklahoma City car insurance 12.6 percent higher than the national average.
Low-Income Car Insurance
Oklahoma, like some other states, does not provide assistance for low-income car insurance. There is also no program to assist residents in locating and purchasing low-income car insurance, which adds to the problem of uninsured motorists.
Traders Insurance OKC works with drivers to find the best possible rates. Traders Insurance OKC understands the Oklahoma state minimums and how to find the best rates for drivers. It is always important to shop around for insurance, but first, you must understand what type of coverage you require.
Comprehensive Coverage
If you have a financed vehicle, your lender will require you to have comprehensive vehicle coverage. Comprehensive coverage pays for damage to your vehicle as well as any other vehicle or property damaged in an accident in which you are found to be at fault.
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If you own your vehicle and do not have a loan on it, the state only requires that you carry liability insurance. OKC can assist you in determining whether you require full coverage or liability insurance.
Deductible Amount
When comparing insurance prices, keep in mind the type of coverage available as well as the deductible amount. Using an online tool can quickly show you a rate comparison. Once you get your online quotes, call the company and speak with an agent about getting a quote. Local insurance agents are frequently able to match or beat the prices of insurance found online.
Local Agent
Furthermore, you will have the benefit of speaking with a local agent if you have any questions, need to change your coverage, or are involved in an accident. The company can explain your cheap Oklahoma City car insurance options.
Monthly Installments
Insurance can be paid in monthly installments, but this is one bill that cannot be missed. There is no grace period with most policies. Your insurance is no longer in effect for coverage the day it is not paid. Reinstating insurance can result in significant penalties and fees. To avoid this, consider setting up an automatic draft for your Oklahoma City car insurance premiums.
Traders Insurance Payment
The following are the payment methods for traders’ insurance:
AutoPay
Sign up for our Automated Recurring Payment System to save money. Because of the convenience and security of automatic electronic payment withdrawals, not to mention the freedom from the hassle and worry of checks, postage, late payments, or even a lapse in your valuable insurance coverage, this is a wise choice.
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Because of the lower service charges and the lack of a convenience fee, you will save money each month. Fill out the Auto Pay Form Checking Account or the Auto Pay Form Credit/Debit Card and return it to us via fax or mail.
Pay Cash
Traders Payments are accepted at Walmart and many other local banks and money exchanges. Want to find the nearest Walmart money center? Select the Find Money Center Button and use OPTION 2 to search by ZIP code to find a location near you where you can pay your Traders Bill today.
Pay by Mail
Traders Insurance
PO Box 24568
Kansas City, MO 64131
Pay Online
You can pay your monthly payments with the Traders Insurance Online Payment Portal, 24 hours a day, 7 days a week.
Frequently Asked Questions
Traders Insurance
Traders Insurance does not specify a time frame for responding to claims.
What is Traders Insurance's claims process?
Traders Insurance does not provide information about their claims process other than how to file a claim. They do allow claims to be filed by phone 24 hours a day, seven days a week. An independent insurance agent can also help you by filing claims on your behalf.
Does Traders Insurance create a user-friendly experience for customers?
The official website of Traders Insurance requires a major overhaul and update. The information provided is the bare minimum required to create a website, the navigation is sloppy, and none of the graphics are carrier-specific, resulting in an overall unprofessional appearance.
Does Traders Insurance have good auto insurance?
Without contacting the carrier directly, Traders Insurance does not provide any information about their coverage. The insurance company states its mission is to provide low-cost auto insurance.
