Types of Insurance Agents

types of insurance agents
Are you currently shopping for auto insurance and feel a bit confused about where to start and who to trust?  Buying the right car ins policy can be confusing for anyone, so don’t feel alone. There are insurance professionals out there that can guide you along and set you up with coverage that protects you at a good price. While many consumers are moving online in their quest for the cheapest car insurance, the market for agents is still alive and thriving. Let’s look at the various types of insurance agents and some basic tips that will help you get insured for less. Get your free personalized quote at good to go insurance on-line in just a couple minutes.

There are so many agents in the United States that sell personal policies. It can be overwhelming just starting out and picking someone to trust. Here are the basic categories that you should familiarize yourself with, so you can get the policy you need and a professional that works for your best interests.

Captive Insurance Agents

A person that represents and sells policies from one insurer is known as a captive insurance agent. They are employees of the insurance company and are not allowed to sell policies from competitors. A good example would be State Farm and Farmers agents. These two large behemoths each have over 100 years of experience using this effective business model. The advantage of using a captive or direct agent is expertise. These agents should know the company’s products inside and out and will design a coverage package that best suits your personal needs. The drawback is you may not get the lowest price because you are not comparing multiple quotes.

Independent Insurance Agents

Unlike direct agents, an independent insurance agent represents multiple companies. This gives more flexibility in finding a great policy at a lower price for the consumer. With the power of the internet, this type of agent is growing in popularity, as people can price compare more easily. Like a captive salesperson, the independent agent is paid on a commission basis.

Do Research on the Agent before Buying a Policy
If you are thinking of calling a specific insurance representative, do some checking around first. Go online and see what kind of reputation they have and if past clients are satisfied. You can also ask any friends of the family that has done business with anyone beforehand and get their recommendations. Any agent should:

* Have a deep knowledge of personal insurance

* Be helpful and courteous

* Put the interests of the client before the sales commission

* Sell the customer the best possible policy at the best price

* Be responsive and helpful when a claim is made

You should do a quick interview of the agent before doing any business with him or her. Ask them how long they have been selling insurance and fact check their license. See if they take the time to thoroughly answer any questions you have and take a genuine interest in your needs. Also ask about claim responsiveness and the entire process of filing. The agent should give you detailed, specific answers to each and every question you have. At this point, you are not ready to get a quote. If that is pushed on you, maybe it’s smarter to find someone who will take more time getting to know you and answering your questions in depth. Remember, having a good ins agent is a partnership that needs to work. There should be trust and communication at all levels.

Call Multiple Agents before Choosing
Make several calls to prospective agents before you decide on one to do business with. You can also check out the department of insurance in your state. This is a really helpful website that will allow you to look into complaints and investigations that have been done on brokers and agents in your area. Check sites like yelp and forum boards to get further recommendations before you decide on someone.

Get Direct Online Quotes in Addition to Quotes from Agents
Before you buy a policy you should get as many quotes as possible, whether you need auto or home coverage. This will help assure you are getting the best price possible. You can also use this valuable information as a bargaining chip when you call up your agent. Check out sites like good2go and get a quick quote. You will get up to 10 rates in just a couple minutes. Make note of the best price and company and then call up an agent. If they can’t beat the pricing, then it might be smarter to go direct and bypass the ins agent altogether. However, it might make you feel better to have that “guiding hand” there to assist you whenever you need help with a policy question or claim. Now that you are familiar with the types of insurance agents, get quoted at good to go insurance and save money