3 Things You Should Know About Car Insurance Agents
Buying insurance for your car will help protect you from severe financial loss if you cause an accident that results in costly legal and medical bills. The insurance will also help you pay for repair costs if you damage another person's car or your vehicle is destroyed by harsh weather like heavy rains.
Hiring an auto insurance agent will help you avoid mistakes — like failing to update your policy — that can jeopardize your chances of a successful compensation claim. The agent will also assist you in appealing to reduce your premiums, for example, if your credit score increases.
Here are essential things you need to know about car insurance agents.
What's the Difference Between a Captive and an Independent Agent?
You may decide to purchase car insurance through a captive or independent agent. A captive agent works for just one insurance carrier. Usually, large insurance companies employ these agents to sell their products or handle clients' inquiries through phone calls or in person. On the other hand, independent agents deal with various insurance providers. Hence, the latter offers more services that one company may not provide.
Advantages of Working with an Independent Agent Instead of a Captive Agent
An independent agent offers a one-stop shop for various car insurance services. Hence, you can easily compare the policies offered by different companies without visiting their premises or talking to multiple agents. This advantage will save you time and help you choose the best cover that suits your needs. You may find a car insurance provider that offers extra benefits.
For instance, a carrier with a telematics program monitors your driving and may reward safe habits with personalized discounts. Also, unlike captive agents that promote the interests of a particular company, independent agents aren't attached to a specific carrier. Hence, the agents can assess your options fairly and help you choose the most suitable policy for you.
Factors to Consider When Choosing a Car Insurance Agent
A good car insurance agent should have basic knowledge about common car brands. This pro will help you find the best vehicle coverage that meets your needs. Also, an excellent car insurance agent shouldn't just focus on closing the deal. The professional should take the time to explain to you the terms and conditions of your policy and the advantages of various covers.
The professional can also customize your insurance to meet special needs. For example, if you have a classic vehicle, you may need unique coverage to protect your investment.
