Almost everyone knows what auto insurance is, and many of us will find ourselves talking to auto insurance brokers at some point. The question is, what exactly is an auto insurance broker and what should you be aware of when dealing with these people?
First of all, it’s important to understand the difference between auto insurance brokers and auto insurance agents. When you buy insurance, a broker will represent you, while an agent works for the insurance company you are writing policies for.
So does this mean that auto insurance brokers will charge you less than an agent would? The answer to that question is not cut and dry. Both agents and brokers work on commission, so they will try to provide you with as much insurance as possible. That being said, a broker will generally work to find you the best possible deal by researching a multitude of companies, while an agent will only provide quotes for the company or companies he works for.
If you want to get the best insurance rates possible, you’ll want to avoid calling one or two insurance agents. It will be impossible to know if you are really getting the best possible rate.
Whether you’re working with auto insurance agents or auto insurance brokers, be sure to do your own research as well. The internet is a great place to research whether or not the rates you are getting on insurance are the best rates around.
Remember, a smart consumer is an informed consumer. Make sure you don’t pay more than you have to for your car insurance. Find out what rates are out there and compare them to the rates the auto insurance brokers and agents you talk to give you.