Finding insurance has never been both easy and complicated. The choices for home, auto, life, health, business, retirement, and more are endless. However, the ways to find them are challenging. You have your pick of research, an independent agent, and an insurance broker. You know what you get when you research and compare plans. If you hire someone to find insurance, understanding the difference between an agent and a broker is essential.
An independent agent works on behalf of the insurance company that hires them. The representative will convince you to choose one of the company’s plans. They have ties to some companies outside their employer, but their job is to convince you that their employer has the best rates. An insurance broker represents the customer’s needs and wants. For example, you might hire a Liberty Mutual broker in Arizona to help you find favorable rates from that company. Of course, brokers are not loyal to one company, so they are free to compare several. Their goal is to find the best insurance policies that suit your needs. The final say belongs to you after reviewing the options.
While a broker cannot secure a deal without communicating with an agent, they can reserve that option before the prices change. They will finalize the deal on your behalf. They can also get answers to questions directly from the agent. Whether you choose a Liberty Mutual broker in Arizona or another insurance broker, you will be confident about the terms and conditions when you sign the contract.
