2 Types of Car Insurance Agents And Brokers Philadelphia
Car insurance agencies in Philadelphia are classified as either broker and captive. Both insure your vehicles, but it's good to learn the differences since it can impact your car insurance agent selection.
Car insurance brokers or independent agent
Car insurance brokers agents are not employed by any specific company so they have the ability to put coverage with many different companies enabling the ability to shop coverage around. To transfer your coverage to a different company, an independent agent can move your coverage and you don't have to find a new agent.
When shopping rates, it's recommended you get quotes from at a minimum one independent agency to get the best comparison. Many can place coverage with lesser-known insurance companies who may have lower rates.
Captive agents are contracted to one company such as AA , State Farm, Farmers Insurance and Allstate. These agents are unable to compare other company's rates so always compare other rates. Captives receive extensive training on their products and sales techniques which can be an advantage. Consumers often choose to use a captive agent partially due to high brand loyalty and the convenience of having all coverages with one company.
Once you have received answers to your satisfaction and an affordable coverage quote, chances are good that you have found an car insurance agent Philadelphia that will properly insure your vehicles.