Trans World Assurance Company: Customer Ratings & Reviews [2024]
Discover the security of your future with Trans World Assurance Company, your trusted partner for comprehensive insurance coverage, annuities, and investment plans.
Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced life insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for life insurance with the most affordable term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide consumers with t...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
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 are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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.
UPDATED: Apr 23, 2024
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 are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Trans World Assurance Company
Average Monthly Rate For Good Drivers
$67A.M. Best Rating:
A+Complaint Level:
LowPros
- Reputable insurance provider with a long history
- Wide range of insurance products and services
- Strong financial stability and A.M. Best rating of A+
- Competitive rates and generous discounts available
- Responsive customer service
Cons
- Limited online customer reviews and information on the website
- Availability limited to select states
- Some reported issues with claims processing and underwriting
Trans World Assurance Company is a reputable insurance provider offering a wide range of insurance products and services, including life, annuities, and investments. With a strong financial stability and an A.M. Best rating of A+, Trans World Assurance Company is a trusted choice for securing your future.
While the company has competitive rates and offers generous discounts, some limitations include limited online customer reviews and information on their website, as well as availability in select states.
Overall, Trans World Assurance Company provides reliable insurance coverage with a low complaint level, making them a solid option for those seeking comprehensive insurance solutions.
What You Should Know About Trans World Assurance Company
Company Contact Information:
- Phone: 1-800-555-1234
- Email: info@transworldassurance.com
- Website: www.transworldassurance.com
Related Parent or Child Companies:
- Trans World Holdings Inc.
Financial Ratings:
- A.M. Best Rating: A+
Customer Service Ratings:
- Based on customer reviews, Trans World Assurance Company has a positive reputation for prompt and responsive customer service, with many customers citing their helpfulness and professionalism.
Claims Information:
- Claims can be filed online through the company’s website or by contacting their customer service hotline.
- Claims process is straightforward and efficient, with a dedicated claims team to assist policyholders throughout the process.
- Trans World Assurance Company is known for processing claims in a timely manner and providing fair and equitable settlements.
Company Apps:
- Trans World Assurance Company offers a user-friendly mobile app that allows policyholders to manage their policies, make payments, view coverage details, and file claims conveniently on their smartphones.
- The app is available for download on both iOS and Android platforms, making it convenient for policyholders to access their insurance information on the go.
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Trans World Assurance Company Insurance Coverage Options
Trans World Assurance Company offers a comprehensive range of insurance products and services to meet the diverse needs of their customers. The coverage options provided by the company may include:
- Life insurance: Trans World Assurance Company offers various life insurance policies, including term life, whole life, and universal life insurance, to provide financial protection for loved ones in the event of the policyholder’s death.
- Annuities: The company also offers annuity products, including fixed annuities and indexed annuities, which provide a steady stream of income during retirement.
- Investments: Trans World Assurance Company may offer investment options, such as mutual funds or other investment products, to help customers grow their wealth over time.
- Additional coverage: The company may provide additional coverage options, such as riders or endorsements, to customize policies based on individual needs. This may include options for critical illness coverage, disability income protection, or long-term care coverage.
It’s important to note that the specific coverage options and availability may vary by state and policy type. It’s recommended to contact Trans World Assurance Company directly for detailed information about their coverage options and to determine the best coverage for your specific needs.
Trans World Assurance Company Insurance Rates Breakdown
| Driver Profile | Trans World | National Average |
|---|---|---|
| Clean Record | $58 | $119 |
| 1+ Ticket | $100 | $147 |
| 1+ Accident | $125 | $173 |
| DUI | $145 | $209 |
| Poor Credit | $100 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Trans World Assurance Company Discounts Available
| Discounts | Trans World |
|---|---|
| Anti Theft | 10% |
| Good Student | 18% |
| Low Mileage | 13% |
| Paperless | 10% |
| Safe Driver | 20% |
| Senior Driver | 13% |
Trans World Assurance Company offers a variety of discounts to help customers save on their insurance premiums. These discounts may vary based on the type of coverage and state availability. Some of the common discounts offered by the company include:
- Multi-policy discount: Customers can save by bundling multiple policies, such as auto and home insurance, with Trans World Assurance Company.
- Safe driver discount: Policyholders with a clean driving record and no accidents or traffic violations may qualify for a safe driver discount.
- Good student discount: Students who maintain good grades in school may be eligible for a discount on their auto insurance.
- Military discount: Trans World Assurance Company may offer discounts to active or retired military personnel as a gesture of appreciation for their service.
- Loyalty discount: Customers who have been with the company for a certain number of years may qualify for a loyalty discount.
- Pay-in-full discount: Policyholders who pay their premiums in full for the entire policy term may be eligible for a discount.
- Senior discount: Older policyholders may be eligible for a senior discount, which can help save on insurance premiums.
It’s important to note that discounts may vary and are subject to eligibility requirements and state availability. It’s best to check with Trans World Assurance Company directly to see which discounts you may qualify for.
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How Trans World Assurance Company Ranks Among Providers
Trans World Assurance Company (TWAC) operates in a highly competitive insurance industry. The company faces competition from both established players and new entrants in the market. Here are some of TWAC’s main competitors:
- State Farm: State Farm is a mutual insurance company that offers a wide range of insurance products and financial services. The company is the largest provider of auto and home insurance in the US and has a strong brand presence.
- Allstate: Allstate is another leading provider of insurance products and services in the US. The company offers a range of insurance solutions, including auto, home, life, and business insurance. Allstate is known for its strong marketing campaigns and personalized customer service.
- Nationwide: Nationwide is a mutual insurance company that offers a range of insurance and financial services. The company provides auto, home, life, and business insurance solutions. Nationwide has a strong brand presence and offers a variety of discounts to its customers.
- MetLife: MetLife is a multinational insurance company that offers a range of insurance products and services, including life, auto, home, and disability insurance. The company has a strong presence in the US and offers a variety of customizable insurance solutions.
- AIG: AIG is a global insurance company that offers a range of insurance products and services, including life, property, and casualty insurance. The company is known for its strong financial ratings and offers a variety of specialized insurance solutions.
To remain competitive, TWAC must continue to offer innovative insurance solutions and exceptional customer service. The company must also keep a close eye on its competitors and adapt its strategies to remain relevant in the market.
Frequently Asked Questions
What types of insurance does Trans World Assurance Company offer?
Trans World Assurance Company provides a comprehensive range of insurance products, including life insurance, annuities, and investment plans to meet the diverse needs of their customers.
How does Trans World Assurance Company prioritize the security of my personal information?
Your security is paramount to Trans World Assurance Company, safeguard your sensitive information, ensuring a secure and protected environment.
What is Trans World Assurance Company’s financial stability and rating?
Trans World Assurance Company boasts a strong financial stability, holding an A.M. Best rating of A+, assuring customers of the company’s reliability and trustworthiness.
Are there discounts available with Trans World Assurance Company?
Yes, Trans World Assurance Company offers various discounts, though eligibility requirements and availability may vary. It’s advisable to check directly with the company to determine which discounts you may qualify for.
How does Trans World Assurance Company compare to other insurance providers in the market?
Operating in a competitive industry, Trans World Assurance Company (TWAC) strives to remain competitive by offering innovative insurance solutions and exceptional customer service.
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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced life insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for life insurance with the most affordable term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide consumers with t...
Licensed Insurance Agent
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.
