Traders Auto Insurance Review for 2025 (+Rates & Discounts)

Explore our Traders auto insurance review to see how $70 monthly liability rates help high-risk drivers in Missouri save money and file SR-22s quickly.

Traders Auto Insurance Rating

Rating Criteria
Overall Score	2.7
Business Reviews	3.0
Claims Processing	2.0
Company Reputation	2.0
Coverage Availability	1.4
Coverage Value	2.6
Customer Satisfaction	4.1
Digital Experience	3.5
Discounts Available	3.0
Insurance Cost	2.9
Plan Personalization	3.0
Policy Options	2.5
Savings Potential	2.9

Traders Insurance accepts cars as old as 2008, including salvage titles, and files SR-22 forms within 24 hours of policy activation. Coverage starts with just $25 down, and drivers can earn a 9% discount by completing a certified defensive driving course.

While it’s a practical choice for drivers working to reinstate suspended licenses, Traders Insurance Company is only available in six states: Arkansas, Indiana, Kansas, Missouri, and Oklahoma.

Compare quotes using our free comparison tool to find local companies offering liability policies that include affordable SR-22 filings.

Cost of Traders Auto Insurance vs. The Competition

Looking at the monthly premiums across different age groups reveals more than just numbers. These shifts help explain how Traders Insurance evaluates risk and where drivers might save or overspend.

Traders Auto Insurance Monthly Rates by Age & Gender

If you’re a teenager, those high monthly premiums are based on real claim trends Traders Insurance Company has seen with new drivers. Once you reach 25 with a clean record, your rate drops quickly, often by over $100 per month.

While some big-name companies advertise lower rates, those often come with strict underwriting or credit score filters that many drivers can’t meet. Traders might not always be the cheapest, but they tend to be more forgiving to high-risk drivers, making them a solid option for people with prior lapses, average credit, or no recent shopping history.

Traders vs. Top Competitors: Auto Insurance Monthly Rates by Coverage Level

Insurance Company	Minimum Coverage	Full Coverage
	$80	$140
	$87	$228
	$62	$166
	$76	$198
	$43	$114
	$96	$248
	$63	$164
	$56	$150
	$47	$123
	$53	$141

Can an insurance company deny you coverage? Yes, and if the strict rules of national carriers have shut you out, Traders auto insurance could be the middle ground that gets you insured without jumping through hoops.

Traders High-Risk Auto Insurance Rates

Your driving record shapes how insurers see you. Traders Insurance uses that history to decide how much risk you bring to the road.

One speeding ticket might not seem like a big deal, but it can nudge your rate up fast. A DUI signals long-term risk, which means fewer options and a much higher premium. On the flip side, if your record’s clean, you’re in a great spot.

However, while premiums increase for high-risk violations, Traders Insurance won’t raise rates nearly as high as other companies. Monthly rates only went up by $55 after an accident, while many providers double drivers’ rates. Check quotes from the best auto insurance companies for high-risk drivers to see if Traders is the cheapest option in your state.

Best Traders Auto Insurance Discounts

Our Traders car insurance review shows that the company offers more than just generic discounts. These offers are some of the best auto insurance discounts available:

Traders Auto Insurance Discounts by Savings Potential

Discount Type
Anti-Theft	25%
Defensive Driving	10%
Federal Employee	12%
Good Student	25%
Low Mileage	30%
Military	15%
Multi-Car	15%
Multi-Policy	25%
Safe Driver	22%
Senior Citizen	10%

If you’re not putting many miles on your car each year, you could save up to 30%, which makes a big difference for remote workers or retirees. Students who maintain a B average can receive a 25% discount, and federal employees can get 12% off simply by verifying their job title.

If your car has an anti-theft device, that’s another 25% back in your pocket. Completing a state-approved defensive driving course could land you a 9% discount. And if you’ve had a clean driving record for a while, you could save 22% just for being consistent behind the wheel.

How to Save on Traders Auto Insurance

Traders General Agency, Inc. — the company behind Traders Insurance — has been managing policies and claims from Kansas City, Missouri, since 1976. If you’re trying to cut costs, the MyTraders Online Portal is a great place to start. You can even use the portal to file an auto insurance claim quickly, so you’re not stuck waiting on hold when it matters most.

Setting up biweekly payments can help you avoid late fees and better manage your budget. Review your policy regularly because you might be paying to cover a car you sold or a driver who moved out. Maintaining continuous coverage is also key, as a short lapse can lead to higher rates.

Coverage Options From Traders Auto Insurance

Traders Insurance keeps things flexible but straightforward when it comes to auto insurance coverage. Liability coverage helps cover the cost if you accidentally hurt someone or damage their stuff in a crash. If you hit another car or a pole, collision coverage pays for the repairs. Comprehensive steps in for the unexpected, like theft, hail, fire, or a cracked windshield from a rock on the highway.

Traders Auto Insurance Coverage Options

One thing that sets Traders apart is that it’ll file SR-22s quickly for high-risk drivers, typically within a day of policy activation, so you’re not stuck waiting around for the DMV to clear your license.

UM/UIM coverage fills the gap when an underinsured driver hits you. MedPay pays your hospital bills no matter who’s at fault. In states that offer personal injury protection, it can also help cover lost income and other costs if you’re hurt and can’t work, giving you a little extra backup when things get tough.

Need a car while yours is in the shop? Rental reimbursement has you covered. For more minor issues, such as locking your keys in the car or needing a jump-start, roadside assistance, and towing options are invaluable. Altogether, these coverage options give you what you need to get back on the road with less stress, especially if you’re not the typical driver most insurance companies cater to.

Customer Reviews and Ratings: Traders Auto Insurance

Looking beyond prices, reviews, and ratings can help paint a clearer picture of what it’s like actually to work with a provider. The data here reflects how Traders Insurance performs in both customer satisfaction and financial reliability.

Traders Insurance Business Ratings & Consumer Reviews

Agency
	Score: 785 / 1,000 Avg. Satisfaction
	Score: A+ Excellent Business Practices
	Score: 66 / 100 Below Avg Customer Feedback
	Score: 1.45 More Complaints Than Avg.
	Score: A- Excellent Financial Strength

Traders Insurance holds an A- rating from A.M. Best, meaning its financial backing is solid enough to handle claims reliably, even in tough markets. But when it comes to the customer experience, things are more mixed. Consumer Reports gives them a 66/100, and the average customer satisfaction score is just a B.

What stands out is their complaint index of 1.45, indicating that they receive more customer complaints than the average. Suppose you’re someone who values financial stability more than top-tier service. In that case, that solid A.M. Best rating might offer peace of mind—but just know the overall experience might not match what you’d expect from the best auto insurance companies.

Comment
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On Reddit, a user explained how named driver policies typically work with Traders Insurance. They pointed out that most policies only cover the specific individuals listed and usually only for business use, such as driving cars to or from a garage.

Some pricier plans do allow named drivers to use vehicles for any reason, but those are less common. Our main advice? Always read the paperwork so you know exactly what’s covered.

Traders Auto Insurance Pros and Cons

Traders Insurance is a solid option for drivers who’ve hit a few roadblocks getting covered, whether it’s because of the type of car they drive or a not-so-perfect insurance history. One reason it stands out is the flexibility of Traders insurance payment plans. Here’s where Traders Insurance makes things easier:

• Covers Older and Rebuilt Vehicles: If you drive a high-mileage car or need cheap auto insurance for a rebuilt or salvage title, Traders offers liability coverage when many insurers won’t even provide a quote.
• Biweekly Payment Flexibility: Instead of a single monthly bill, you can pay in smaller, biweekly installments—no outside financing needed and no massive payments stacking up.
• In-Person Agent Support: In places like Kansas City and Tulsa, you can stop by an office, speak with an agent, and get help with claims or billing questions in person.

If you’re just looking for reliable, no-frills insurance that says yes when others say no, Traders Insurance can be a straightforward, dependable choice, especially if your situation doesn’t fit the usual mold. Still, there are a few drawbacks worth knowing before signing on:

• No Bundle-and-Save Perks: Traders Insurance doesn’t give you a break for bundling with home or renters, and there aren’t any perks for sticking around or driving safely, either.
• Moderate Financial Strength: With an A- from A.M. Best, the company is financially sound, but it’s not among the highest-rated in the industry for long-term claims backing.

Traders car insurance is also only available in six states, limiting access to many high-risk drivers. To find affordable auto insurance in your state, enter your ZIP code in our free quote comparison tool.

Find Affordable Coverage With Traders Auto Insurance

Our Traders auto insurance review indicates it’s a wise choice for high-risk drivers seeking flexible coverage. Through your Traders insurance login, you can manage payments, file an auto insurance claim, download ID cards, and update your policy anytime using the MyTraders Online Portal—no agent needed. It’s a simple way to stay on top of your coverage.

Traders Insurance also stands out for covering vehicles from 2008 or earlier, including salvage titles. However, its 1.45 complaint index suggests some customers have had service issues. Learn more in our guide to the auto insurance companies with the best customer service.

To lower your Traders’ insurance costs, consider switching to biweekly payments and completing a defensive driving course to earn a discount of up to 9%. The best way to save is to enter your ZIP code and get multiple insurance quotes to compare costs and coverage side by side.