We are often asked about the advantages vs. disadvantages of using an independent insurance agent and whether a customer can truly feel confident in the recommendations by someone they don’t actually know.
So, is using an independent agent a good idea? While some people may find particular comfort in using a particular insurance agent who knows them on a first-name basis and takes care of all their insurance needs, the bottom line is that they may pay more for the relationship than what they need to pay for insurance.
With our economy still struggling, many families are continuing looking for ways to cut corners and reign in expenses. One way to potential accomplish lower costs is to utilize an independent insurance agent. What’s the difference?
If you utilize a particular agent represent XYZ Company, for example, that representative should be thoroughly knowledgeable about policies, rates and any discounts or plans related to that company only. So, if you call or meet with your agent, you’ll most likely spend your time determining which of the company plans works bests for you. An independent agent, however, is not limited to a particular company and typically represents a range of between five and 10 companies in the area. That means there could potentially be great flexibility to pick plans, and hopefully create a package that meets all your needs while saving you money.
Utilizing an independent agent can also be to your advantage if you are seeking a particular style of plan and have definite ideas of what you want in terms of price, coverage, availability and quality. After all, not everyone has the same needs when it comes to insurance. Since an independent agent has more companies to work with to find a combination that works best for you, the likelihood of getting exactly what you want is higher. That’s not to say you can’t get good quality insurance or find discounted rates by going with an agent who represents a particular company. If you are either looking for new insurance or considering making a change to your current plan, consider at least contacting an independent agent to get some price comparisons. You may be surprised about the money you can potentially save! https://frankwestinsurance.com