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  • Writer's pictureCharlotte Burr

Insurance Broker vs. Insurance Agent: Key Differences Explained

Updated: Jun 24

If you’re in the process of shopping for insurance, you’re likely familiar with the terms “broker” and “agent,” but what exactly are the differences between the two?

Insurance brokers, like AZ Insurance Team, work with several different insurance companies to find the best rates and policy to fit your needs. Unlike agents, brokers work for you, the client, rather than any of the insurance companies. When you contact an insurance broker for a quote, the broker will assess your individual needs and compare the coverage plans offered from a variety of different insurance companies. In this way, brokers can find the best policy for you based upon the insurer that offers the best rates and coverages for your specific situation.

If for some reason, you are unhappy with your policy or the rates you are paying for insurance, brokers can do more than simply lower the amount of coverage you are receiving. They can shop around for better rates within different companies because they do not have a vested interest with a particular company like agents might.

On the flip side, insurance agents represent only one insurance company and typically act as a conduit to provide the insurance buyer with information about the available policies the insurer has to offer at that time. The only options they work with you are the policies that the insurer has to offer at that time.

Insurance brokers are far less limited in this matter. This, combined with the cost, speed, ease, and peace of mind makes brokers a safe bet for shopping for insurance.

Call us for a free quote today!

AZ Insurance Team 480-535-5709

*All policies are a little different and this may not be applicable to your insurance policy, talk to your agent to see what your policy covers.*

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