The Ins-and-Outs of Independent Insurance Agents

What is an independent insurance agent?

An independent insurance agent, as defined by Investopedia, is “an insurance agent who isn’t employed by any specific insurer and sells insurance policies from multiple companies.” Simply put, independent agents act as the middleperson between you—the buyer—and various insurance providers.

Unlike captive agents who can only sell policies for one insurance company, independent agents can offer you a wide array of policies from different insurers, providing more flexibility and choice in your insurance decisions.

How do independent insurance agents work?

The beauty of working with an independent insurance agent is that they do most of the work for you! Independent agents take the hassle out of insurance shopping by comparing policies from multiple providers on your behalf.

Whether you’re looking for the lowest price, a variety of options to choose from, or a balance of both, an independent agent can help you find the right fit while offering you a tailored experience.

Most importantly, independent agents don’t charge you for their services. They are paid via commission by the insurance companies, meaning you get the benefit of their expertise at no cost to you.

What are the advantages of working with an independent insurance agent?

There are several key advantages to working with an independent agent. Here are just a few:

• Access to Multiple Insurance Companies: Independent agents have access to a variety of insurance companies, which means they can provide you with a broader range of policy options. This variety gives you the flexibility to choose a policy that fits your needs and budget.
• Tailored Coverage: Whether you’re looking for personal or commercial insurance, independent agents help you customize a policy that aligns with your specific needs. This flexibility ensures you’re not overpaying for coverage you don’t need or leaving gaps in your protection.
• Client-Focused Service: Independent insurance agents work hard to make sure you have the right coverage with the right company. They act in your best interest, providing unbiased advice.
• Personalized Customer Service: Insurance can be complicated, especially when it comes to filing claims. Independent agents offer a personal touch, helping you navigate the claims process and ensuring you get the support you need when you need it most.
• Local Knowledge and Community Connection: Many independent agents are members of your local community. They understand your area’s unique needs and can offer insights that large, national providers may not.

Why can independent insurance agents offer clients a wider range of coverage options?

Independent insurance agents have the freedom to work with multiple insurance companies, which allows them to offer clients a more extensive selection of products than captive agents, who are limited to the policies of a single insurer.

Choosing the right insurance policy is a crucial decision, and working with an independent insurance agent can make the process smoother and more personalized. With access to multiple carriers, client-focused service, and deep local knowledge, independent agents provide a high level of flexibility and service.

Leavitt Group has a nationwide network ready to help you find the right coverage at the right price. Visit our website today to find an independent agent near you!