Auto Insurance Brokers – What You Need To Know
Reader’s Question:
Are auto insurance brokers and agents the same? Which one do I pick to help me get cheap auto insurance here in Florida?
Karl
Orlando, FL
No, although an auto insurance broker may find itself working for the same company as an auto insurance agent, there is a big difference between the two job titles. An automobile insurance broker mainly deals with looking for, and comparing, the best rates and deals from many different car insurance providers. Brokers either work for commission from the insurance companies that gets new customers from them or are hired by a person who wants to get the best auto insurance policy out of the many different carriers out there.
Auto Insurance Broker
Auto insurance agents are able to give you good options and maybe even competitive rates, and might even have the capacity to customize a policy for you, however, they work in-house or for one company only, so the rates, quotes and policies they can give you are limited by what the company can offer, or allow them to sell.
As you may already see, both positions have their pro’s and con’s when it comes to giving you the best auto insurance policy. A broker have access to a lot more companies but they may be have limitations to what they can sell. Insurance agents can give you sound advise and be very knowledgeable but only on the products that they sell so they are not able to act as effective overall consultants.
We encourage you, instead, to run free insurance quote checks on this website gives so that you can look and compare for the best auto insurance quotes and deals yourself
