What Drivers Need To Know About Car Insurance Broker-Agents

LOS ANGELES, May 12, 2020 /PRNewswire-PRWeb/ -- Compare-autoinsurance.org has launched a new blog post that presents the most important information drivers need to know about car insurance-broker agents.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/what-is-a-car-insurance-broker-agent/

Insurance-broker agents are insurance professionals who play the role of both an insurance broker and an insurance agent. They can work for either a single insurance company or a group of insurers. Their role is to explain insurance products to potential customers of a specific insurance company, then recommend the best insurance products for the needs of that customer. As a broker, the broker-agent can shop around on behalf of clients, recommending other insurance products based on the client's needs.

To better understand the role of an insurance-broker agent, consider the following:

    --  The difference between insurance agents and insurance brokers. Insurance
        brokers are professionals who recommend products from multiple insurance
        companies. The broker analyzes the customer's needs and options and then
        recommends the best policy options from different companies. The broker
        gets a commission when the customers purchase insurance. On the other
        hand, insurance agents are employees of a specific insurance company and
        they can recommend and sell products only from their insurance
        companies. Besides getting sales bonuses and commissions, insurance
        agents also get a salary. Insurance-broker agents play both of these
        roles. They can recommend products from a specific insurance provider,
        while also having the freedom to recommend products from other insurers.
        Some insurance-brokers are salaried employees of an insurance company,
        while others are contractors for a group of insurers. Some of them are
        even self-employed.
    --  The duties of an insurance-broker agent. Their duties vary among
        insurance companies. While some insurers call their agents
        "broker-agent" to get more customers, other companies hire broker-agents
        on a contractual basis to drive customers to their business. There are
        many broker-agents who are free of any contractual obligations and work
        more like a broker. These ones can recommend their customers products
        from different insurers without having a bias towards any specific
        provider. Other broker-agents work specifically with large companies to
        solve their insurance needs. Usually, these broker-agents specialize in
        a specific aspect of the insurance industry and they can recommend
        companies the best insurance products for their different insurance
        needs such as insuring a fleet of vehicles or covering hundreds or
        thousands of employees.

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Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

SOURCE Compare-Autoinsurance.org