The best way to describe what an independent insurance agent is, is to talk about the three ways to get home, auto, or business insurance. First one is to sign up online, second is captive agents, and the third is an independent agent.
Depending on how you look at insurance you can choose one of these three types. Online insurance is becoming more popular over time as we complete everything we need on the internet. More agencies like SchemeServe are growing as this trend continues, and for sure in the future, we will see bigger growth.
Three ways to get insurance
Online insurance is very easy, it is very quick, and you are on your own in doing so. More people are starting doing this and we can also see more commercials are being shown for those kinds of companies so that certainly is one way to go about getting your insurance.
Captive insurance agents are people that usually have a local branch of a large insurance company. The term captive refers to the fact that those people work for one specific company. They work for the company therefore they are captive to that company. They can’t go out and look at other companies, other options. If you call them for insurance, they are going to show you what is available by their insurance company.
An independent agency is an agency that provides access to multiple insurance companies and advises about which one works the best in a current situation. So, independent agencies make relationships with multiple companies. In this kind of agency, there is competition amongst companies inside that agency because there are multiple companies that they are working with. As for the payment, they earn paid a percentage of your insurance premium.
Comparison between types
The more important thing when choosing the type of agency to go with is to pick the right one. Quality matters the most, so that should be your first checkpoint.
If you are looking for something that you need to do right away, you are in a hurry the best choice is to go with online insurance companies. The reason they are fast and efficient is that it is automated. Captive and independent are usually the same when the time is the issue.
Another very important thing is trust. Every insurance agency is looking to build trust in the current and potential users. People usually turn to their friends for advice just because trust can be portable. In this case, users are turning to captive and independent agents, but this is changing over time because people are becoming more aware of internet security. It feels better when you can shake hands with an agent, and you know him personally, but modern technology is slowly but surely taking that away.
When it comes to quality you need to look at each agency separately. It differs no matter if it is online or captive. The only thing we know that it is effective is that independent companies are looking just for a company that is best for you. They are constantly looking at the quality of the policy. Read more here.
Online insurance advantages
A great thing about the internet is that much more is available today. This is also applied for availability of people that we need at certain time. Online insurance companies offer this advantage unlike others where you need to set the meeting and travel to that place. Here, you can go online when you want and all support you need is there. The paper work is big part of time consuming, that is why people turn their heads towards online insurance.
Everybody lost some piece of paper that they needed at some point, so there is a responsibility working with papers. You will never know how secure they are. Every company online has a good or great security meaning that your private things are safe on the computer.
Because of these time savers and fast approach, the overall price you have to pay to get insurance is lower. Maybe the price is little bit higher for certain objectives, but when you take time invested you will be sure that difference in price isn’t a big deal.