What Are Car Insurance Brokers Exactly?
Q: What are car insurance brokers? I mean I know they sell auto coverage, but what is their actual role? A: Car insurance brokers do, in fact, sell vehicle coverage policies. What they do is take your information and forward it to several providers. Then they look at who is likely to give you the best rate and give you that information. The broker will usually get a referral fee from the insurance company, but not always. In some cases they will ask you to pay for this service which we do not recommend. Every insurance agency in the country will give you a free quote for their services. If you come across an agency asking you to pay a fee, politely decline and keep on looking. This would be like paying a fee for the right to buy a gallon of milk. Some brokers will work very hard to find you the appropriate insurance agency, but some will simply refer you to the agency that offers them the most money in referral fees. It is difficult to say which type of company you are dealing with so
