Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

Full Bio →

Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Apr 2, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Company Details
Address: 50 Millstone Road, Bldg. 100, Suite 360
City: East Windsor
State: NJ
ZIP Code: 08520
Phone Number: 609-469-0400
Website: http://www.coface-usa.com/
Year Founded: 1991
AM Best Rating:
Company Rating 0 (0 reviews)

Things to remember...

  • Coface provides credit insurance for businesses of all sizes
  • With credit insurance, the business that offers a line of credit is protected against that loss, which allows them to take a larger risk by providing credit to less-established customers
  • Coface does not have any quote tool options on its website. If you want a quote from Coface, you will have to contact the company directly

If you were looking for Coface to be an auto insurance company, prepare to be a little disappointed. Although Coface North America is an insurance company, it doesn’t provide the type of insurance that you may be looking for.

Coface provides credit insurance for businesses.

Credit insurance is a defense mechanism for businesses. When a business extends a line of credit to its customers, it is taking a risk that its customers will purchase their products and not default on their credit payments, causing the company to hold the bag, financially speaking.

Enter your ZIP code above to get your FREE online auto insurance quotes today!

Coface Credit Insurance

Because these are tough economic times, this is, unfortunately, happening more often than any company would like. Because of this, more businesses are hesitant to extend lines of credit to anyone but the most well-established customers.

This practice actually hurts both the customer and the business in question because, without extending credit, a business is limiting its growth potential.

With credit insurance, the business that offers a line of credit is protected against that loss, which allows them to take a larger risk by providing credit to less-established customers.

In turn, allows them to sell more products and establish new customers in the process, which helps grow the company.

Because credit insurance is a high-risk insurance prospect, the cost isn’t going to be cheap. However, many companies find that this type of insurance is worth purchasing to ensure that they don’t take a heavy hit if a customer is unable to pay their debt.

Free Auto Insurance Comparison

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Coface Locations

Coface is located in 93 countries around the world, with dozens of offices within the U.S.

The corporate offices for different parts of the business are as follows:

Credit, Single, and Political Risk Insurance:
50 Millstone Road
Building 100, Suite 360
East Windsor, NJ 08520-1419
Phone: 609-469-0400

Information Services:
900 Chapel Street
New Haven, CT 06510
Toll-free: 1-800-929-8374

Collections:
3001 Division Street
Metairie, LA 70002
Toll-free: 1-800-509-6060

Factoring:
1350 Broadway
Suite 2000
New York, NY 10018
Toll-free: 1-877-626-3223

If you are looking for a Coface location in your area, you can visit its website and go to its contacts page. From there, you will be presented with a map of states.

Simply choose the state in which you live and click on it. If there are any offices in your state, they will be displayed on the screen.

Coface Agents

Because Coface products are a bit different than your typical insurance products, the company doesn’t use agents, per se. Instead, it uses salespeople and financial advisors to sell its products.

While technically these people have to be licensed to sell the products, the process is a bit different than what you would find with auto insurance.

If you want to meet with a representative face to face and you aren’t sure if there is one in your area, you can check their locations map on their website or you can send an inquiry via the company’s website on its “contact us” page.

Coface Claims

There doesn’t appear to be any way to file a claim with Coface directly on its website.

As such, you will have to contact the representative that helped you and ask them to assist you with filing a claim.

There is no indication of how long it might take to file a claim or what you will need to make the claim process go faster or smoother.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Coface Careers

Coface has career opportunities available in:

  • East Windsor, NJ
  • Metaire, LA
  • Denver, CO
  • Vancouver, WA

The company is currently looking for sales reps and business-to-business collections agents. In order to apply for a position, you must send your application to the company via email.

Coface offers a variety of benefits to its employees, including:

Retirement plans

  • Paid vacation
  • Paid holidays
  • Paid sick days

How can I get an auto insurance quote?

Coface does not have any quote tool options on its website. If you want a quote from Coface, you will have to contact the company directly and submit to a risk assessment of your business before a company representative can provide you with the quote that you need.

Regardless, Coface does not offer any auto insurance products. As such, a quote from the company isn’t going to do you any good if you are looking for auto insurance.

Enter your ZIP code below to get your FREE online auto insurance quotes today!

References:

  1. http://www.coface-usa.com/
  2. http://www.investopedia.com/terms/l/lineofcredit.asp
  3. http://crmsoftwaresolution.xyz/the-prospect-of-cheap-high-risk-car-insurance/
  4. https://www.progressive.com/
  5. https://www.allstate.com/tools-and-resources/car-insurance/how-to-file-auto-insurance-claim.aspx