Which is the best method to purchase insurance? Online? Online? Directly through an insurance company All of these delivery methods are used to purchase millions of policies in the US each year. Sometimes, however, all three delivery methods are used by consumers. We will help you choose the best method for your situation.
Buy Insurance Online
Online purchasing of policies is more convenient than buying directly from the broker or insurer. You will still get a good deal even though there is less interaction. You have the ability to view all of your options at your leisure, compare plans and make a decision when you are ready, whether you want to buy immediately or within a year.
You can compare up to 20 policies online, get brochures and applications at your pace and access dozens of plan options. You can also generate hundreds, if not thousands of dollars. You can also change the deductibles or other policy features to create a variety of rates.
Although you can purchase your policy online, it is possible to speak with someone in person. However, it is possible that the knowledge and experience of this person could be questionable. You want someone with at least 20 year experience. Sometimes you don’t.
Get Insurance Directly through a Broker
There are many ways to buy a policy through a broker. Although brokers often have websites, it is not possible to apply for coverage via their website. A broker will usually contact you face-to-face, via phone, and/or email. You have the option to choose which method you prefer. You will get valuable and impartial information from an experienced broker (at least 20 years of experience in the industry). Brokers should never, and very rarely, charge fees.
Even if you apply online, a broker can help you through the application process. Although a broker or agent cannot answer all your questions, they can help you interpret the information and determine the best way to present it. The agent/broker can assist you in reducing the time it takes to obtain medical records, driving records, or any other documents required.
Purchase Insurance Directly from The Insurance Company
It is still very popular to buy insurance directly from the company. Because rates are nearly identical regardless of where coverage is purchased, consumers are turning to brokers and websites more often. Some auto insurance companies may offer lower rates if you purchase directly from them.
Consumers complain that they have difficulty building personal relationships with companies they buy directly from. This means that you will likely speak to a different person each time you call the carrier. High turnover among customer service representatives means that you may wait longer to get an answer or a solution.
Of course, when you deal directly with an insurer, you only purchase policies from that company and not the rest of the market. You are not really “comparing” and the suggestions and recommendations you get will be biased. This is to be expected.
The most important thing when purchasing insurance is to trust an experienced and reputable resource. The person you choose should be able understand your needs and recommend the best options to you and your family.
