Benefits of independent insurance agents
by Admin
Posted on 29-11-2022 09:46 PM
There are two types of agents that sell
insurance
policies: captive and independent. A surprising number of consumers aren’t familiar with these terms or what they mean.
Insurance can be a complicated purchase. You’re not buying bread or milk. You’re buying a promise of protection that could potentially make or break your financial well-being. How do you know that you’re making the right choices about coverage ? are you sure you’re getting the best possible value for your dollar? the options can seem bewildering. Mutual benefit has sold its coverage exclusively through independent agents for over 100 years. We’ve seen first-hand how the advice and advocacy of agents benefit our policyholders. Here are seven reasons why we believe the independent agency experience benefits you: they give you a choice – independent agents represent many different insurance companies that offer a wide variety of coverage options and price points.
There are several potential advantages to working with independent insurance agents vs. Captive agents. Working with an independent agent usually does not cost anything and can save the customer time by allowing the agency to shop for quotes from multiple insurance companies. An independent agent may be able to find a better deal for your insurance needs than you can. Ultimately, you will need to decide if these and other possible advantages are beneficial to you.
Local independent insurance agents can help! maybe you’re starting a new business . Or perhaps you’re just curious about whether you’re overspending on your premiums. Getting a rate comparison is a great way to research your insurance options and get a policy that’s right for you. But you have a choice: use up next week’s lunch breaks calling every insurance company you can or working with an independent insurance agent. If you’ve never worked with a local independent insurance agent before, you might be a bit confused. After all, why contact a person when you can get coverage with a simple click of the mouse?.
Compare auto insurance rates
Since independent insurance agents aren’t tied to one company, they can shop around to offer you the best rates. An independent agent has no brand preference, which means you’ll have the opportunity to compare a variety of prices for the same
policy
. Often, this comparison can result in significant savings.
You can compound these savings with multi-policy discounts and the option to purchase insurance policies that work together to provide complete coverage.
Agents have at their disposal the ability to quickly check prices and coverages with dozens - if not hundreds - of different insurance companies. Since rates vary widely an independent agent can very likely get you a better deal than you can get for yourself. They can even get you insurance from a 'direct writer' like you could get for yourself. Independent agents are a one-stop-shop for all of your insurance needs. An agent typically doesn't sell just auto insurance. They also sell homeowners, renters, health and life insurance, business insurance etc. Use them - at no cost to yourself - to handle all of your insurance in one place.
By jennifer towne | automobile , general liability | today’s guest post is brought to you by alyssa dellacamera from eaton & berube insurance agency , an independent insurance agency located in new hampshire. Learn about how an independent agent can benefit you and your business. Advertisements promising significant savings on your insurance in exchange for just a few minutes of your time may be enticing, but it’s important to question what you may be losing for this drop in dollars and how comprehensive your coverage is if designed in just a few minutes’ time. Price represents just one of many important factors in the insurance industry.
Because independent brokers aren’t tied to just one insurance provider, they can offer you access to a variety of products through a variety of insurers! it pays to have more choices at your disposal because every insurance company has their own selection of offerings and their own way of calculating home and auto rates. A broker will compare options from a wide network of providers and negotiate on your behalf to find your best-fit coverage for the best value.
What is an independent insurance agent?
A captive agent is one who is employed by an insurance company. These kinds of agents represent companies like state farm, all-state, and farmers. A captive agent is an insurance agent who only works for one insurance company. The insurance company pays a captive agent, and he or she may be a full-time employee or an independent contractor.