Traders Car Insurance Review & Ratings (2023)
This Traders Car Insurance Review will cover Traders Car Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. To compare insurance rates from the best companies in your area, enter your ZIP code below.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Jun 28, 2022
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- Traders Insurance specializes in non-standard auto insurance coverage in five U.S. states
- Traders Insurance advertises as a cost-effective solution for car and renters insurance coverage
- Traders Insurance has an A+ rating with the Better Business Bureau
If you are considered a high-risk driver by most car insurance companies, you will probably have to do some digging when it comes to finding affordable auto insurance coverage that meets your needs.
Traders Insurance is one company that claims to meet non-standard drivers’ needs without breaking the bank.
Before you purchase car insurance, you should search for free insurance quotes online so you can compare prices and make sure you’re not paying too much for coverage.
In fact, you can use our free quote tool above to find and compare non-standard car insurance rates from the best companies near you to see how much you should plan on paying.
What car insurance coverage does Traders Insurance offer?
As a company that offers specialty insurance products, Traders markets itself as a provider of non-standard car insurance policies for high-risk drivers. Traders insures individuals in Arkansas, Kansas, Missouri, Oklahoma, and Indiana.
High-risk drivers often find it difficult to find car insurance coverage from popular insurance companies. This is because a lot of companies refuse to insure someone who is considered a non-standard policyholder.
Reasons a person is considered a high-risk driver include:
- You’ve been convicted of a DUI or DWI
- You have a number of parking or traffic tickets
- You’ve filed claims for multiple accidents
- You’ve been told you need SR-22 insurance
- You’ve had a lapse in car insurance coverage
- You have poor credit
- You’re a new or young driver
If you’ve recently been in a car accident and your car insurance rates have drastically increased—or if you’ve lost your insurance coverage altogether—you may be interested in a company like Traders.
On the company website, Traders Insurance states that its car insurance coverage will help you if:
- Someone is injured in a car accident
- Your vehicle is stolen
- Someone is in a car accident but does not have proper insurance coverage
While the coverage Traders offers is minimal and does not include comprehensive or collision options, it may be a great option for certain high-risk drivers that are just looking to meet their state’s minimum car insurance requirements.
In addition to car insurance coverage, Traders Insurance offers renters insurance, towing and labor coverage, and roadside assistance.
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How much is car insurance with Traders?
You will not find a Traders Insurance quote on the company’s website. Instead, you will need to speak to a Traders agent to learn more about the company’s insurance rates in your area.
The table below shows the average annual car insurance rates with different companies in the states where Traders Insurance offers car insurance coverage.
Average Car Insurance Rates in States Where Traders Offers Coverage
| State | Average by State | Allstate | American Family | Farmers | Geico | Liberty Mutual | Nationwide | Progressive | State Farm | Travelers | USAA |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Arkansas | $4,124.98 | $5,150.03 | - | $4,257.87 | $3,484.63 | - | $3,861.79 | $5,312.09 | $2,789.03 | $5,973.33 | $2,171.06 |
| Indiana | $3,414.97 | $3,978.81 | $3,679.68 | $3,437.55 | $2,261.07 | $5,781.35 | - | $3,898.00 | $2,408.94 | $3,393.75 | $1,630.86 |
| Kansas | $3,279.62 | $4,010.23 | $2,146.40 | $3,703.77 | $3,220.65 | $4,784.42 | $2,475.59 | $4,144.38 | $2,720.00 | $4,341.43 | $2,382.61 |
| Missouri | $3,328.93 | $4,096.15 | $3,286.90 | $4,312.19 | $2,885.33 | $4,518.67 | $2,265.35 | $3,419.14 | $2,692.91 | - | $2,525.78 |
| Oklahoma | $4,142.33 | $3,718.62 | - | $4,142.40 | $3,437.34 | $6,874.62 | - | $4,832.35 | $2,816.80 | - | $3,174.15 |
While these rates are simply an average, you can assume that your car insurance rates will be higher than average in your state if you are considered a high-risk driver.
Is it easy to file a claim with Traders?
Traders Insurance claims are simple and easy to file, as you can do so on the company’s website or with a Traders Insurance representative over the phone.
You can also access your Traders Insurance cards and make any necessary Traders Insurance payments on the company’s website as well.
Does Traders Insurance have good ratings and reviews online?
Traders Insurance does not have a current rating with A.M. Best, but the company has an A+ rating with the Better Business Bureau.
On the BBB website, Traders policyholders have given the company one out of five stars, citing accidents they felt should have been covered by the company.
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Should I buy non-standard car insurance with Traders?
If you are a high-risk driver and you live in one of the five states in which Traders operates, you may want to consider Traders Insurance for your car insurance needs.
But you should still shop around online to find the best and most affordable non-standard car insurance coverage you can.
Be sure to use our free quote tool below to access quotes from the best car insurance companies in your area to get started.
JeannieMarie_
Money thief’s
Bunga83
Amazing company!!!
25imartinez
Affordable and great customer service
JayAmor30
Better Customer Service
JR2018
Finally Decent customer service
drgoon
Great company only $30/mont
Bobbie214
Satisfied Traders Policy Holder
Stacyprenot
New to them
paint
auto insurance
KaylaG
Good Company