Traders & General Insurance Company: Customer Ratings & Reviews [2023]

Is Traders Insurance a Good Choice?

Company contact information:

• Traders & General Insurance Company
• Headquarters: Boston, Massachusetts
• Website: https://www.tradersgeneral.com/
• Phone: 1-800-555-5555
• Email: [email protected]

Related parent or child companies:

• Traders & General Insurance Company is a subsidiary of National General Holdings Corp.

Financial ratings:

• A- (Excellent) rating from A.M. Best
• A- (Strong) rating from S&P Global Ratings
• BBB (Good) rating from Better Business Bureau

Customer service ratings:

• 4.5 stars out of 5 on Trustpilot
• A+ rating from Better Business Bureau

Claims information:

• Claims can be filed through the Traders & General Insurance Company website or by calling their claims hotline at 1-800-555-5555
• Claims are handled by a dedicated team of professionals who strive to provide timely and fair resolutions

Company apps:

• Traders & General Insurance Company offers a mobile app for both iOS and Android devices, which allows customers to manage their policies, pay bills, file claims, and more.

Traders Insurance Discounts Available

Traders & General Insurance Company offers a variety of discounts to help customers save on their insurance policies. Some of the discounts available include:

• Safe driver discounts: Customers who have a good driving record and maintain a safe driving history can qualify for this discount.
• Multi-policy discounts: Customers who bundle their insurance policies, such as auto and home insurance, can receive a discount on their premiums.
• Senior citizen discounts: Customers who are 55 years or older can qualify for a discount on their insurance premiums.
• Good student discounts: Full-time high school or college students with a B average or higher can qualify for this discount.
• Loyalty discounts: Customers who have been with Traders & General Insurance Company for a certain number of years can receive a discount on their premiums.
• Home safety discounts: Customers who have certain safety features installed in their homes, such as smoke detectors or a security system, can qualify for this discount.

The specific discounts and qualifications may vary by state and policy, so it’s best to check with Traders & General Insurance Company directly for more information on available discounts.

Traders Insurance Coverage Options

Traders & General Insurance Company offers a range of coverage options for auto, home, life, and business insurance. Here is an overview of their coverage options:

Auto insurance:

• Liability coverage: Pays for damages and injuries you cause in an accident.
• Collision coverage: Pays for damages to your own vehicle in an accident.
• Comprehensive coverage: Pays for damages to your vehicle caused by things like theft, vandalism, or weather events.
• Personal injury protection (PIP): Covers medical expenses and lost wages if you or your passengers are injured in an accident.
• Uninsured/underinsured motorist coverage: Covers damages and injuries if you’re in an accident with someone who doesn’t have insurance or doesn’t have enough insurance.

Home insurance:

• Property coverage: Protects your home and personal belongings from damage or loss caused by events like fire, theft, or weather events.
• Liability coverage: Protects you if someone is injured on your property or if you cause damage to someone else’s property.
• Additional living expenses coverage: Pays for additional expenses, like hotel bills, if you’re unable to live in your home due to damage or loss.

Life insurance:

• Term life insurance: Provides coverage for a specific period of time and pays out a death benefit to your beneficiaries if you pass away during that time.
• Whole life insurance: Provides coverage for your entire life and includes a savings component that builds cash value over time.

Business insurance:

• General liability insurance: Protects your business from liability claims, such as those related to property damage, bodily injury, or advertising injury.
• Property insurance: Covers damage or loss to your business property, such as your building, equipment, or inventory.
• Workers’ compensation insurance: Covers medical expenses and lost wages if one of your employees is injured or becomes ill while working for you.

The specific coverage options and limitations may vary by state and policy, so it’s best to check with Traders & General Insurance Company directly for more information on available coverage options.

Traders Insurance vs. Competitors

Traders & General Insurance Company operates in a highly competitive industry, and there are several other insurance companies that offer similar products and services. Some of the main competitors of Traders & General Insurance Company include:

• State Farm: State Farm is one of the largest insurance companies in the US, offering a wide range of insurance products including auto, home, life, and business insurance. Like Traders & General Insurance Company, State Farm has a strong focus on customer service and offers a range of discounts to help customers save on their premiums.
• Allstate: Allstate is another major player in the insurance industry, offering similar products and services to Traders & General Insurance Company. Allstate is known for its innovative technology and offers a variety of tools and resources to help customers manage their policies and claims online.
• Geico: Geico is a popular choice for auto insurance, but also offers a range of other insurance products including home, renters, and business insurance. Like Traders & General Insurance Company, Geico has a strong focus on affordability and offers a variety of discounts to help customers save on their premiums.
• Nationwide: Nationwide is another major insurance company that offers a wide range of products and services including auto, home, and life insurance. Nationwide is known for its strong customer service and offers a variety of tools and resources to help customers manage their policies and claims online.

While Traders & General Insurance Company faces stiff competition from these and other companies, it has built a strong reputation for quality service and affordable coverage. The company’s commitment to its customers and its range of discounts and coverage options help it stand out in a crowded field of competitors.