Is there anything quite so complicated as insurance?
Most people would say no, there isn’t! And we can understand why.
Finding a plan that actually meets your needs can take loads of time and energy — and even then, sometimes, it’s still tough to get it right.
Below, we’ll let you in on a little industry secret — the best way to purchase valuable insurance at rates that can’t be beat. But first, let’s talk about how most people buy insurance.
The Top 3 Ways to Buy Insurance
There are basically three ways to purchase any type of insurance policy.
The first way is with a captive agent. A captive agent is a local individual who works for a single, larger insurance company, such as State Farm. You may have a State Farm captive agent in your town. If this was the case and you went to this agent, the only policy options you would see would be from State Farm — for better, or for worse.
The second way that a lot of people buy insurance is direct from the insurance company. For example, if you were to search for an insurance policy from Geico right now, you could sign up for a plan without even leaving your home. Many people think they get better rates this way
The last way is your best option every time, and that’s working with an independent agent. Independent agents typically work for a multitude of insurance companies, so they can offer you a range of policies, limits, and rates.
Take Your Insurance Seriously and Reap the Benefits of an Independent Agent
It’s important to remember that buying insurance is a serious matter. It’s essential that you find an independent agent who will be your advocate and work on your behalf — instead of simply meeting the needs of an insurance company thousands of miles away.
Many people are concerned with the commission that independent agents receive for their work. While it is true that independent nations do get a commission for their efforts, you’re benefiting from their knowledge and determination to find you the best possible quotes and rates for all different types of insurance — or whatever particular insurance you’re on the lookout for.
Let’s take a look at the specific benefits that you’ll gain from choosing to work with an independent agent:
#1 – Choice.
First and foremost, independent agents offer you choice. You’ll be able to choose your initial policies based on a wide variety of options. And if your rates end up going up with one policy, all you need to do is cancel it and speak to your agent about changing your policy or moving to a new insurance company.
#2 – No allegiance to one insurance company.
Unlike captive agents, an independent agent can be truly independent. They are not working for just one company like State Farm. They’re essentially working for themselves, and their core goal is to find you the best deal for your money.
#3 – Better value.
Lastly, you’re always going to get the best value with an independent agent. While you may think that cutting out the so-called “middleman” and buying direct from an insurance company is the way to go, you’ll almost always be losing money there. When you choose an independent agent, they’ll have the freedom to offer you frank advice instead of simply advocating for one insurance company.
Looking for an independent agent? Terp Family Insurance is here to serve your insurance needs, so feel free to give us a call any time!
And if you’re already working with an independent agent in your area, don’t forget to tell your family and friends about the advantages of going this route — it’s invaluable information that so many people are sure to appreciate!