Traders Insurance Coverage

At Traders Insurance, we always do our very best to get you the auto insurance coverage that works best for you, at affordable rates that fit in your budget. We offer several types of coverage. This includes our popular plans, homeowners, life, and healthcare coverage. Whether you need cheap auto insurance with the lowest deposit possible or comprehensive auto insurance for a new leased vehicle, we can find you the best deals that most competitors cannot match.

How Traders Insurance Quotes Work

There are two main ways to get a Traders insurance quote. The most popular is to complete a free online quote. The application only takes about 4 to 5 minutes to complete. You can use almost any device that’s connected to the internet, including the most popular choice, your smartphone. if you feel more comfortable talking to a representative, you can call toll free and request a quote over the phone.

Traders also offer auto, home, life, and health insurance quotes online and over-the-phone during normal business hours. If you have a small or large business, consider Traders commercial auto Insurance. Whether you have 3 or 10 vehicles that need to be insured, we can get you the coverage you need at a rate that will fit your budget. Get a quote online or call today for low-cost commercial auto insurance.

Three Main Types of Insurance

There are three types of coverage available. This includes liability, collision, and comprehensive insurance. Let’s take a look at each one, so you can better educate yourself on what type of coverage is best for you.

Liability

This is often referred to as “bare bones” car insurance. The reason why it’s called this is because of the limited protection provided with this type of policy. Liability insurance will protect you in the event you get into an accident and compensate the other party for the damages you caused. You are required to buy the state minimum level of liability coverage, but often this is not enough.

If you get into an accident they caused significant damage or totals the other party’s vehicle, you could be responsible for major financial compensation, that far exceeds your coverage amounts. This is why it’s smart to get as much coverage as you can afford, even if you are only interested in liability insurance. In some cases, you may be eligible for $1 a day car insurance. This is offered to drivers who have an excellent driving record and meet other conditions.

Collision

This type of insurance will pay for repairs or even replacement to your vehicle if it’s damaged in a collision with another automobile or an object, like a pole or hitting a wall. if you have paid off your vehicle, then this is an optional coverage, but you should still strongly consider getting it.

Comprehensive

This is the gold standard of insurance. A comprehensive plan will cover you for almost any damages that occurred of your vehicle, other than colliding with another vehicle. This includes weather events, like damages from a flood, fire, or hurricane. One of the reasons why this coverage is so important is that it covers theft protection. If you are financing or leasing your vehicle, comprehensive coverage is usually mandatory.

Struggling to figure out the type of insurance that you need? Don’t hesitate to call one of our professional insurance agents. They will answer any question you have and will recommend the best type of policy that fits your needs and also your budget.

Tips for Getting Cheaper Coverage

There are proven strategies you can use to get lower auto insurance rates right away. Let’s go over a few.

Get a Car that’s Cheap to Drive

The newer and more expensive your vehicle is, the more it will cost to insure. One way to lower your cost is to get a used, boring vehicle. Automobiles that have less powerful, four-cylinder engines, four doors and are more than 8 years old have some of the lowest rates available.

Get Rid of Excess and Overlapping Coverage

This includes rental car insurance and towing plans, which you might already have with AAA or other motorist clubs. Another good tip is to keep your credit score above 650. Believe it or not, your credit score is tied to your insurance rates. The higher your score is the lower you will pay for insurance.

Conversely, the lower your credit score is the more you will pay for coverage. You might be asking why credit matters? The reason why your credit rating applies to insurance, is insurers associate a person’s credit rating closely with risk. Stats show that people with bad credit get into more accidents and file more claims.

Bundle Coverage

Another tip often overlooked by many people is bundling your insurance together onto one policy. if you have two or more vehicles, this can save you 5% and more. If you’re a homeowner, consider bundling your auto and home insurance together. This is a great way to eliminate another bill and also save money.

Get Discounts

A great way to save money on insurance is to get every discount you possibly can. We offer numerous discounts. This includes:

Bundling home and car insurance discount
Good student discount (students that maintain a B or higher GPA)
Safe driver discount
Senior citizen and AARP discount
Active military and veteran discount

Apply now for free quotes online and see what discounts you qualify for.

Compare Traders Auto Insurance Online

Do you need cheap car insurance with a low deposit? Do you need insurance for less than $100 a month? Are you a high-risk driver that is having a hard time finding a company that will accept you? We have solutions for all your needs.

Whether you are a high-risk driver or a senior citizen with an impeccable driving record, we can get you covered for less. Get your free Traders car insurance quote, and compare our best rates. Get started now by entering your zip code or by calling our toll-free number. Save more with Traders Insurance co and get the quality coverage you deserve.