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Myth buster: The truth about working with an insurance broker

Myth buster: The truth about working with an insurance broker

If you’ve never worked with an insurance broker, you may have questions about what they do and how they are unique in the marketplace.

Learn how AGR Insurance brokers advocate for thousands of members like you ensuring they make the right choice for their auto and home insurance needs.

MYTH #1: Insurance brokers work for insurance companies

FACT: On the contrary, insurance brokers work for you, not the insurance company. Brokers act as independent professionals and their goal is to find you the right coverage at the best value. At AGR, our brokers do not need to sell a certain number of policies from a specific carrier. They receive commissions for sales from AGR, not from individual insurance companies. Their sole incentive is to help you find the best policy for your unique needs and provide exceptional service.

MYTH #2: Shopping for insurance on your own is easier and cheaper

FACT: Repeatedly getting quotes and submitting your personal information to different insurance providers can be time consuming. If you’re not an insurance expert, you may find it difficult to accurately compare the coverages provided by different policies.

Some people think that an additional fee will be charged if they use a broker. However, there is no cost to you for using a broker and the rates are comparable. You may find a lower online insurance quote elsewhere but be wary – a super low rate could mean that the coverage or service is not as extensive or comparable.

An insurance broker will collect your information once and use it to compare quotes against multiple insurance providers to make sure you’re getting the best coverage for your dollar. As an insurance expert, a broker will also advise you on what coverages you need and help you understand the unique aspects of each policy. You’ll also have a personal insurance advisor on your side helping you each step of the way.

MYTH #3: Once you purchase your policy, the broker is out of the picture

FACT: Brokers are there to support you all year. They can answer questions about your policy, help you add or remove coverage and recommend beneficial changes. We’re here for you through the entire process, from buying a policy to submitting your claim.

MYTH #4: A broker automatically searches for the best deal when your policy renews

FACT: When your policy renews, you will receive renewal information for your current policy from your current provider.  This documentation will include the most update-to-date coverages, rates and discounts on your policy. Some adjustments are made by your carrier from year to year as rates and discount eligibility may change between policy terms.

If you would like an annual policy review to compare your carrier options and ensure you’re receiving all available discounts and have the appropriate coverage, simply contact your broker once you receive your renewal package and they will be happy to do this for you.

To get a quote from an AGR insurance broker today, call 1-800-688-0250. To review your current AGR policy, call 1-800-668-0250.