Understanding Independent Insurance Agents

Acquiring adequate insurance is critical for individuals, families and businesses to protect their finances and futures. Beyond assessing and understanding what types of insurance you need, you must know how to search for the best coverage. By understanding the different ways to shop for insurance, you may be able to find deals and coverage options that provide optimal policies at ideal prices.

Different Types of Insurance Agents

Not all insurance agents can offer clients the same options. You must understand what agents may be able to provide you with the best variety of insurance before beginning your search process. Specifically, you should familiarize yourself with the following terms:

·        Captive agent—These insurance agents work for one insurance company (e.g., Geico, State Farm, Nationwide, etc.) and can only sell their products and policies.

·        Independent agent—These agents, such as those at Insurance Associates, sell insurance policies from many different companies.

Advantages of Independent Agents

When shopping for insurance, acquiring coverage that provides adequate protection for your specific situation is necessary. Every individual, family and business will have different needs than that of their peers, neighbors and competitors. With that in mind, how you shop may be crucial to finding coverage that suits you. Working with an independent agent can help you in that regard due to the following advantages:

·        Objective perspective—Independent insurance agents work with several insurance companies and therefore are not beholden to recommending one over the other.

·        Ideal prices—Because independent insurance agents can sell many companies’ products, they can find you the lowest possible price for coverage.

·        Customization—Depending on your specific circumstances, you may have special requirements or preferences for your coverage. Independent agents can browse the offerings of many carriers to find which policies may be adequate for you.

·        Additional discounts—You may be eligible for unique discounts only certain carriers offer. While a captive agent’s company might not make these available to you, an independent agent may find greater success.

·        Simplification—Captive agents may only be able to sell certain types of insurance. As such, you may end up needing multiple agents to maintain your overall insurance portfolio. Using an independent agent may make it easier to have only one contact for all your insurance needs.

Find the Right Agent

Knowing how to find your ideal insurance policies is an essential part of acquiring optimal coverage. By working with the independent agents at Insurance Associates, you can ensure that you have access to a wide array of policies. As such, you can build an insurance portfolio specifically tailored to protect you while also ensuring that you are getting the best possible price.

Contact us on our website or by calling 888-423-2488 to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.