Do I need a broker for car insurance?
Whether you get online and do some searching, get advice from a family member, or seek recommendations from a friend, it will become obvious fairly quickly that it’s simple enough to get insurance for your vehicle without the help of insurance broker.
What you will miss out on though is having an insurance expert in your corner. At DPM Insurance Group, our brokers and CSRs will take the time to understand your needs and find the best coverage for you at the right price When you’re in the market for car insurance, knowing who to ask for advice is an important step in the journey.
What does an insurance broker do?
Most insurance brokers specialize in different areas – for example, home and auto insurance, business and commercial insurance, and life insurance. An insurance broker is an expert when it comes to coverage for their area of expertise. Whatever you need insurance for, it’s in your best interest to work with a broker who understands your needs, does their research and provides you with the right coverage tailored for your unique situation.
A personal insurance broker can help you shop for a car insurance policy by comparing quotes from multiple car insurance companies. Your broker can also help you decide which kinds of additional coverage to purchase and how much coverage you need. Once the broker compiles all of this information, they submit it to the insurance companies they work with. They’ll get a range of car insurance quotes, which will be presented to you, along with their recommendation.
Independent brokers can offer products from many insurance companies. This helps them better serve your interests, as they can review multiple options to find a policy and rate that’s right for you. Insurance rates vary from company to company. Independent agents can put together a customized insurance plan.
An independent broker can help you compare rates across multiple insurance companies and choose the best policy for your needs, without bias. Since an insurance agent works for a single car insurance company, they may have more detailed information about one company’s products.
Advantages of using an insurance broker
An insurance broker can present you with multiple car insurance quotes from different insurance companies so you can compare them all at once. Here are more key benefits of using an insurance broker for your auto insurance policy:
- Experience – Brokers know how to deal with claims and can guide you through the process, answering any questions that you have along the way.
- Expert knowledge – Brokers earn additional education credits each year, to ensure they stay up to date on the latest developments in the insurance industry so they can offer the best advice and knowledge.
- Privacy protection – Brokers keep all customer discussions and information completely confidential.
Local service for all your needs
Most brokers are local and can recommend the best coverage for you based on your situation and location.
A local insurance broker can offer the best options available from their portfolio – which usually includes home, auto, business, plus coverage for your boat, RV, cottage, life insurance and more.
With the right car insurance, you’ll enjoy peace of mind knowing you have the coverage you need.
How much does it cost to use a broker?
Using an insurance broker is free. Advisors receive commission on the premium you purchase and don’t worry – the commission is included in your premium, so getting a policy through a broker doesn’t increase your premiums.
An insurance broker works with multiple insurers. It doesn’t matter which insurer you pick. A broker is on your side and will help you consider all of your options, so you can make a choice tailored to your individual needs.
How do you choose the right insurance broker?
Finding a reputable and qualified insurance advisor can be the difference between having appropriate coverage for your car in the event of a claim, and being stuck with a huge bill after the fact.
Keep these tips in mind when choosing the right car insurance broker:
- Ask for referrals and check references
- Determine the coverage you need
- Learn more about their specialized experience
- Consider more than the price, take a look at the overall fit
- Ask for personalized advice based on your individual needs