Car Insurance Brokers - What are Car Insurance Brokers Exactly?
The Truth About Car Insurance Brokers
Q: What are car insurance brokers? I mean I know they sell auto insurance, but what is their actual role?
A: Car insurance brokers do, in fact, sell auto insurance. What they do is take your information and forward it to several insurance companies. Then they look at who is likely to give you the best rate and give you that information.
The car insurance broker will usually get a referral fee from the insurance company, but not always. In some cases they will ask you to pay for this service which we do not recommend.
Every insurance agency in the country will give you a free quote for their services. If you come across an agency asking you to pay a fee, politely decline and keep on looking. This would be like paying a fee for the right to buy a gallon of milk.
Some car insurance brokers will work very hard to find you the appropriate insurance agency, but some will simply refer you to the agency that offers them the most money in referral fees. It is difficult to say which type of company you are dealing with so be cautious.
Our recommendations would be to shop for a car insurance quote without the help of any car insurance brokers. Simply call around and find the best price for the most coverage. You may spend an hour or two on the phone, but it will be worth it in the end.
An even easier way to save money on your auto insurance coverage is by comparing quotes online. It only takes a few minutes to do and will ensure that you receive the best coverage possible at the cheapest price.
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