— Oct. 28, 2021 —
Published on investopedia.com
by Alicia Tuovila
KEY TAKEAWAYS
- Independent agents are insurance agents or brokers that are not employed by any specific insurance agency.
- Independent agents are, therefore, able to sell insurance policies from multiple companies, where they are paid on commission for each policy sold.
- It is often beneficial for a customer to work with an independent agent because they may be able to quickly research multiple policies and rates across various companies.
Advantages of Independent Agents for Consumers
One of the major benefits of working with independent agents includes getting many quick quotes from multiple insurance carriers. If someone is shopping for insurance, independent agents are a great place to start checking out policies because they can check several different companies’ rates all at once. The more companies checked equals a greater chance of finding the best rate for you and your family. The time-saving factor is huge because a prospective policyholder only has to provide their information one time.
SEE THE FULL STORY—
investopedia.com
All postings in our Curated Content section feature links to external sites, information resources, publications, and news outlets for which we receive no compensation. Links will open in a new browser tab or window.
Leave feedback about this