Local Independent Car Insurance Agents and Brokers Near Me
car insurance agents
Why savvy consumers use independent auto insurance agents to get the best rates, and how you can to.
You might be surprised at the Mind-blowing savings people receive when shopping online for a local independent auto insurance brokers.
But, before we get started you might have some questions about what insurance brokers do exactly.
- What do independent car insurance agents do?
- How do insurance brokers get paid?
- What is the difference between a car insurance broker vs agent?
- Do I have to use a car insurance broker near me?
- Do they offer comprehensive auto insurance plans?
- How to Get Quotes Online
Let’s learn what independent insurance agents do to help you save money and find affordable insurance.
What are Independent Agents?
Independent insurance agents or brokers are basically agents that are not exclusive to any one insurance company.
As Independent car insurance agents they are not required to sell any one company. This gives brokers or independent agents the flexibility to offer many of the best insurance companies at the most affordable rates.
More choice gives you the opportunity for more savings, it's really that simple.
how do insurance brokers
Another common question people shopping for auto insurance. Is there a fee or charge to use an independent insurance agent?
Most insurance brokers or independent agents do not charge for their service.
If there is going to be a charge it would most likely be for a hard to place insurance policy (high risk), hard to find coverage.
More commonly you'll find broker fees for complex commercial insurance policies. These policies can take days or weeks just to quote.
Some people have very poor driving records may find it difficult to find affordable insurance anywhere. Because there are very few companies willing to help these individuals, brokers are their only alternative.
Because rates can be extremely expensive independent agents will find people will take out a policy and cancel the next month, just to renew their license plates.
Because local independent car insurance agents work on a commission and work very hard to find the companies. Some people will cancel the policy shortly afterwards, just to renew their license plates the broker will not make any money since they will be required to return any commission earned.
Consequently, they must charge a fee to cover their cost of doing business.
But, if you are like the 99% of the population that maintains a good driving record with continuous insurance coverage this would not be the case. You would not be charged a fee, but make sure to ask just in case.
How do Independent
Independent insurance agents and brokers are paid commission based on the insurance you purchase.
They receive a commission directly from the insurance company. Depending on the coverage’s and length of policy insurance brokers will either receive an upfront commission for the full-time period of the insurance policy; 6-12 months or as earned. As earned insurance commission means every time you make a monthly payment the insurance agent will get paid a percentage.
If the insured decides to cancel the policy anytime during the policy period the broker/agent would be charged back or required to return any commission not earned.
All insurance companies vary on how they pay independent insurance agents commission and how much per policy as well.
Commissions earned are paid directly from insurance companies to the insurance broker. This also gives brokers the opportunity to work with multiple insurance companies without passing the cost on to you.
Insurance Agent Vs Insurance Broker
What's the difference between
insurance agents and
It seems that the "term" Insurance Agents and Insurance Brokers are used in many of the same conversation when discussing insurance.
There are some differences you should understand between insurance agents and brokers.
Insurance Brokers are independent agents that do not work for anyone insurance company.
Insurance Agents, such as Allstate, Farmers, AAA, State Farm represent only one company.
Independent insurance brokers contract with insurance companies directly to sell each company's insurance products.
Insurance Agents are bond to one company and will recommend that carriers insurance products only.
Example: Insurance Brokers Group is contracted with multiple carriers like, Safeco, The Hartford, Progressive, Nationwide and more.
InsuranceBrokers.com is authorized to sell auto, home, commercial, life insurance and other insurance products offered by those companies.
Having the flexibility to shop multiple insurance companies gives customers more options and a chance at lower insurance cost.
In many cases bundling auto and home insurance together is a smart way to save money, but NOT always...
Some insurance companies may be very competitive with auto insurance but not with home insurance. Having flexibility allows independent insurance brokers the ability to mix and match different companies for the best insurance rates.
There are two types of Auto Insurance Agents.
- The first kind of insurance agent is known as a captive agent. Captive insurance agents work directly as an employee of the insurance company or is “captive” to only sell that company's insurance products like: auto, home and life insurance.
- The captive insurance agent is limited to only provide quotes for that company and are not allowed to search or even recommend a more affordable insurance company.
- Most people are familiar with Captive insurance agents and didn’t even realize it. Insurance companies like AAA, Allstate, Farmers, State Farm, GEICO, American Family and others.
These are all great insurance companies, but if you are searching for lower auto and home insurance rates or quotes, you’re out of luck. About the only thing they can offer is changing your deductibles or lowering your liability limits. Both options may seem like ways to lower your insurance premium until you have a claim.
- The other type of insurance agent is called an independent insurance agent. Independent insurance agents are basically the same and insurance brokers. But, because most people are not as familiar with the term insurance broker they also say someone is an independent insurance agent. Same situation would apply being independent meaning not tied to any one insurance carrier or required to push a product you don’t need or want.
Auto insurance agents near me
Most independent insurance agents sell in multiple states like Insurance Brokers Group. You can look for a local insurance broker near you or if you find someone you like working with it’s not going to matter. Depending on what states an insurance broker is licensed and what insurance companies they offer you can simply call or go online to shop, compare and buy insurance.
In years past where there was an insurance agent on many corners of every city. Today people don’t have the time or energy to have a sit-down meeting and review with several agents.
Jump start their car insurance shopping by going online.
But be careful
Sometimes you reach these online insurance marketing websites and receive a crushing amount of calls and emails from agents looking to quote your insurance. Sadly, these websites are deceptive in their marketing and give shopper the impression they’ll be contact by just that one company. Your information is then sold to 10-15 insurance agents and the unstoppable amount of calls and emails start flowing in for days.
How can you avoid this problem?
If you notice several company names mentioned above like Allstate, Farmer, etc. that will tell you they are selling “leads” to captive and independent agents alike. Since Captive agents are the only ones authorized to sell those companies you won’t find multiple captive insurance companies on the same website.
What we recommend, even if you work with a car insurance agent near you
Call and speak with the insurance agent directly and ask if you are going to be receiving calls from multiple insurance agents or just the person you called.
Ask what companies they represent in your state.
How long have they been in business
Will they automatically shop for lower rates at renewal
Comprehensive Auto Insurance
DO THEY OFFER COMPREHENSIVE AUTO INSURANCE PLANS?
Getting quotes is important when shopping for affordable insurance and independent insurance agents will be able to give you several quotes. Make sure they offer comprehensive auto insurance plans that meets your needs.
- Do you need comprehensive and collision coverage?
- Does the quote include rental car if involved in an accident?
- What about towing and labor coverage
- Is there loan or lease GAP coverage? (if your "new" vehicle is worth less than the current loan amount)
- Do they have accident or ticket forgiveness in the quote?
Insurance quotes is more than just a cheap price from a local insurance agent. Make sure they are offering all the coverage’s you need or may need.
One of the worst feelings after filing and insurance claim is to find out you didn't have coverage for that.
Something as inexpensive as rental car coverage can typically be added for about $1 per month.
You will never appreciate the small investment until you find out your car will be in the shop for repairs for the next 30 days waiting on parts and you get a $900 rental car bill.
Do the math $1-month x 12 months = $12. $900 rental car / $12-year rental car coverage = 75 years you would have to go without needing a rental car.
Yes, having a comprehensive auto insurance plan is not only smart it can save you money as well.
For more information on auto insurance quotes or to speak with an independent car insurance agent / broker call: Insurance Brokers Group at 800-459-6060 or Click HERE for online insurance quotes.