Traders Auto Insurance Reviews: The Pros and Cons

Traders Auto Insurance Reviews- The Pros and Cons

You’d be surprised at how positive Traders Auto Insurance reviews are, especially since it is a small-sized regional insurance company. With plenty of coverage options as well as a positive rating for customer service, they could have everything you’d expect from a professional provider.

Finding the right insurance is ideal for every driver, as it gives you the peace of mind you need. This article aims to help you decide whether or not this insurance provider is indeed a good choice for you.

About Traders Auto Insurance

The main vision for Traders Auto Insurance is to make sure their policyholders are able to get the coverage they need for a low cost. They are specifically structured to assist working families in acquiring insurance plans that they can easily understand and adjust to their specific needs.

With agents located in Arkansas, Kansas, Oklahoma, and Missouri, Traders Auto Insurance is one of the better regional providers you’ll find.

Most of the plans you look at, even as a high-risk driver, will be designed to be affordable to meet your personal finances. In addition, their customer service team is well versed in insurance law and their available policies. As such, they can help you find the perfect type of insurance for every member of your family.

Traders Auto Insurance Coverage Options

As previously mentioned, there are multiple types of car insurance coverage options you can choose from when you sign up for a policy through this company. Not only do they offer the basics that most insurance companies have but also a couple of additional features.

The coverage options that Traders Auto Insurance offers include:

High-Risk Drivers

It can be nearly impossible for high-risk drivers to find insurance, let alone policies that are affordable every month. Traders Auto Insurance has specialized packages to help those who have been convicted of traffic infractions or who may have a poor credit history.


Accidents can cost a lot of money, even without taking medical payments into account. Collision is the type of coverage you need to deal with damages done to your car or another vehicle. It also helps to replace vehicles that are declared a total loss.


Comprehensive coverage is typically an add-on to your policy, but it is something you should look into. It helps to cover extra damages to your vehicle in an accident, and it also protects your car from vandalism, weather events, and accidents with animals.

Under and Uninsured Motorist

You never know who you are getting into an accident with, and with an underinsured/uninsured motorist coverage, you can make sure all accident costs are covered if the other driver doesn’t have a policy. This is also highly recommended to protect you against hit-and-run accidents.

Personal Injury Protection

Designed to assist with certain medical costs from an accident, such as loss of wages, PIP can help you to get up to 80% of your medical costs covered.

Rental Reimbursement

If you can’t drive your vehicle after being in an accident and have rental reimbursement, you will be able to get a rental car at an agreed upon rate and have the costs reimbursed.

Benefits of Traders Auto Insurance Policies

Every insurance company touts its advantages over its competition, but it’s easy to see how Traders Auto Insurance may be one of the better options for residents in their covered areas.

The most notable benefits include:

Online Features

If you’re someone who prefers to do all of your business over the internet, you’ll be glad to know that Traders Auto Insurance has plenty of online features to use.

You can pay your bills online as well as review your policy through their website. Prospective and current policyholders will also be able to talk to a live-chat agent to ask any important questions.

Positive Customer Experience

Overall, customer reviews for Traders Auto Insurance are highly positive, especially in terms of the attentiveness of their agents. Compared to other providers, they are especially useful in highly stressful situations and can help to ease your worries after an accident.

In addition, this insurance provider’s agents are very helpful when filing a claim or when you have questions pertaining to your policy.

Payment Options

Depending on how you would prefer to pay your monthly installments, Traders Auto Insurance offers three different methods. These include:

  • Recurring EFT

With their automatic payment system, you won’t ever have to worry about lapsing on a payment. In addition, you’ll receive reduced service charges as well as no convenience charges. EFTs can be set up using a checking account or a credit/debit card.

  • Cash

The second option for paying for your policy is with cash. In order to do so, you will need to visit either your local bank or any Wal-Mart that accepts Traders Payments.

  • Check

If you prefer to use checks, you can easily send your payments through the mail.

  • Online

Via the online portal, you can make one-time or recurring payments to your policy. This is by far the most convenient option for ensuring your insurance is fully paid for.

Con of Traders Auto Insurance Policies

Traders may have plenty of benefits for consumers, but there is also one negative to consider as well. The most talked-about disadvantage of this car insurance company is:

Poor Claims Service

Filing a claim with Traders is a little more difficult than with other insurance providers. There are some customers who claim the process is specifically designed to discourage drivers from filing a claim, as you will have to leave a message and wait for an associate to return your call.

Aside from the frustrating claims service, there are few negatives to take into account. Most of the poor reviews are from drivers who were in an accident with a Traders insured driver and have noted it was difficult to get a payout for the accident. This, in all honesty, is likely to happen with any insurance company as there are many steps to take when in an accident.

Traders Auto Insurance Reviews: Final Thoughts

Ideal for drivers who want to work with a mid-sized insurance company that focuses on clients in the Midwest, Traders Auto Insurance is a great option. With affordable policies, plenty of add-ons to consider, and superior customer service, you can easily get a quote and determine what type of insurance is best for your needs.

In addition, this insurance company offers packages to young and high-risk drivers at affordable prices, and there are plenty of positive Traders Auto Insurance reviews to consider.

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