What standards can be expected of a car insurance broker?
BIBA registered brokers must adhere to strict operating practices and standards, much of which is designed to protect consumer interests. In order to register with BIBA as a car insurance broker, a company must meet certain criteria including: registration with the Financial Services Authority (FSA) independence from car insurance companies BIBA’s solvency and financial standards. What are the advantages of using a car insurance broker? The main advantage of using a car broker is that they are experts in their field and can more easily and accurately compare insurance quotes on a like-for-like basis. No-one likes the tedium and time-consuming nature of shopping for car insurance. Car insurance brokers, then, are like personal shoppers who do all the legwork. And because car insurance brokers are obliged to go out to the whole market in search of the best deal, you can be reassured that their recommendations are not biased or skewed due to other business considerations. Car insurance br
