A good auto insurance broker can benefit you by shopping around for you and finding you the best insurance for the best price.
Basically, car insurance brokers are similar to insurance agents, except they don't work for one particular insurance company.
A broker's job is essentially matching up individuals with the insurance company that will suit their needs the best.
Again, brokers differ slightly from car insurance agents in that they do not have the same authority as the agent.
What I mean is, they do not speak in the place of an auto insurance company. They will do your research and get the paperwork together, but they are not acting for the insurance company.
Technically, an insurance broker is supposed to be acting for you!
If you come to an agreement through the broker, be sure you go over your policy when you receive it and check to make sure it is accurate.
Ultimately, you're the one who is going to be responsible for the agreement or contract that is in place. You want to make sure that the auto insurance policy includes everything that you expect it to include.
You don't want to find out something is missing after it's far too late - when you've been in an accident. It will be almost impossible to prove that your car insurance broker assured you something was included when it most definitely was not in your actual policy.
I say, a "good car insurance broker can benefit you," because the secret is finding a good one.
In my dealings with car insurance brokers, I have found that some brokers do not always match me up with the best deal based on my personal criteria.
Yes, they have found me an insurance agency with the coverage I needed, but upon further research and questioning (some call it hounding - grin!), I discovered I could save money as a result of my persistence.
A car insurance broker makes his money primarily from the brokerage fees he charges to both the insurance company and the individual policyholders - that's us.
These fees are usually based on percentages. And, I'm fine with that, as long as they do the best job possible and keep my best interests as their main priority.
Yes, use auto insurance brokers to cut down your own research time and let them do your legwork for you. But do check with more than one so that you can be sure you're getting the best deal possible.
I'm a big fan of doing a lot of my research online using free quote services, etc., but in the end it does pay to build up a personal relationship with an insurance broker or insurance agent in your local area.
I've found that when it comes to making a claim, that personal relationship is a huge advantage. The local agent or broker wants to do the best they can for you to get you a desirable result. Just something to keep in mind. :)