Yes, insurance brokers get better rates

Yes, insurance brokers get better rates

If you’re in the market for a new insurance policy or just want to update the one you currently have, the prospect of contacting multiple agents about a variety of plans, options, and rates can not only be time-consuming, but can become confusing and a bit overwhelming. How do you know  if you’re getting the best deal on the policy that’s right for you particular needs?

The good news is that you can make this whole process a lot easier on yourself by using the services of an insurance broker. But, do insurance brokers get better rates?

An insurance broker is an independent contractor that works with multiple insurance companies, but not for them.  Working with a wide range of carriers and companies, an insurance broker will have a much broader knowledge of the insurance marketplace. This works in your favor because brokers have agreements with a number of carriers, so they can find better coverage at lower prices for you with A-rated carriers than if you shopped around on your own.

Generally speaking, you don’t pay any more for insurance that you buy through a broker than you would if you bought your insurance directly from the company. The majority of insurance carriers will set aside small portions of their premiums to pay a commission to the broker, covering the sale of the plan and any required servicing.

Better than doing it yourself

An insurance broker is acting as a “middleman” between insurance companies and you. An experienced broker can help you navigate the ins and out of multiple options, provide assistance when it comes to understanding policy jargon, and guidance when it comes to finding the right type of insurance for you personal or business needs.

When you buy insurance directly from the company, you’re running the risk of buying a policy that contains a lot of options that you may not need. By using the services of an experienced insurance broker, you can avoid buying more insurance than your need, saving you money in the long run.

Not only can insurance brokers get better rates for their customers, but they’re also easier to contact vs. an insurance company call center. In addition, your broker will handle any claims that you make which will save you a lot of worry, hassle, and time.

Call today and save

If you’re thinking about working with an insurance broker, Los Angeles insurance broker, Daniel Fraisse, offers clients intelligent solutions for every situation. The knowledgeable staff at Fraisse Insurance will work closely with you to find the best possible coverage at the most affordable rates. The types of insurance we offer include:

  • Auto
  • Health
  • Life
  • Business
  • Home
  • Commercial vehicle

Dan has excellent working relationships with many of the top insurance companies — Geico, State Farm, Allstate, Farmers — and is able to get better rates on insurance for our customers.

Call us today to get a free insurance quote.