Buying insurance of any kind can be stressful. There are so many options and the people you have to work with often feel like sleazy salesmen. Is this person really looking out for my best interests or are they just trying to make a sale? Is this really the best price out there? Unfortunately, buying insurance is something we all have to do. Whether it’s auto, renters, flood, home Insurance Temecula, boat, health, business, car, or life insurance, you’re going to need something at some point. The first step in dealing with the insurance buying process is deciding whether you want to work with an agent or a broker.
These terms are often used interchangeably, but the general consensus is that an agent works directly for an insurance company, while a broker works for the customer. Think of those commercials where the various bros call their State Farm agent with that catchy jingle. Agents work for their company, not for you. Agents can only offer services from the company which employs them, so your options are more limited, but you will generally pay a little less because you’re not paying additional fees to have them broker services from different insurance companies.
Which brings us to brokers. Brokers work for you, not any particular insurance company. You will always have more options with brokers because they can shop around for the best rate at any number of companies. For example, if you hire an independent broker to get you car insurance temecula, they can contact State Farm, Geico, Liberty Mutual, Safeco, etc. and report back the different price and service options to you. So you’ll have more options, but you might also be paying broker fees on top of the insurance rate. The broker fees could be offset, however, if you end up with a cheaper insurance than you might otherwise have since you hired a broker who shopped around for the best rates for you.
Both brokers and agents receive a commision from the insurance company when you sign up for a service, so ultimately, they’re both trying to sell you on something. But like we all know, that’s just a part of the process we have to deal with. Choosing an agent versus a broker really just comes down to your personal preference.
If you’re located in the Temecula, California area and want to work with an independant broker to find the best insurance for you, Temecula Insurance Services could be the right fit.