Florida Car Insurance Broker
To understand what a Florida car insurance broker is one must first understand what a broker is. A broker is one who serves as a liaison between a buyer and a seller. In this case the buyer is the car owner and the seller is the insurance carrier. A Florida auto insurance broker could be a good resource since they represent more than one insurance carrier. Getting information from a Florida car insurance broker may make your search for car insurance in FL much easier.
The Relationship Between The Florida Car
Insurance Broker And The Insurance Company
The Florida car insurance broker and the insurance carrier the broker represents have an agreement between them. The Florida car insurance broker has a fiduciary relationship with the customer; hence, the broker’s loyalty is to the customer.
At the same time, the broker has to make sure everyone is treated fairly in the transaction. The carrier agrees to allow the broker to sell their insurance products for a percentage of the sale of each policy purchased by the customer.
While car insurance brokers represent several insurance carriers, the insurance agent has a fiduciary relationship with the one insurance carrier he or she represents. A captive insurance agent is an agent that only represents one company while an independent insurance agent can represent many different companies. Essentially, a Florida independent auto insurance agent and a Florida auto insurance broker are one and the same.
The Major Carriers A Florida
Car
Insurance Broker Might Represent
Some of the major car insurance carriers are represented by Florida car insurance brokers. If you are insured with major carrier you just might have your homeowners insurance bundled with your car insurance to save money. Some of those names you might recognize are:
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State Farm
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Allstate
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GEICO
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AIG
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Progressive
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Unitrin
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Liberty Mutual
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Nationwide
The majors are now doing more direct sales and marketing. You may have noticed some of the savvy commercials that have been circulating on television by the above-mentioned insurance carriers.
Cheaper Rates With A Florida
Auto Insurance Broker
You’re not guaranteed to get a cheaper rate going through Florida car insurance broker, but you just might. Some may think if they obtain a policy through the carrier directly, they might save money. In some cases it might be possible, but the broker, who represents several carriers, may be able to get you a better rate among the number of companies he or she represents, versus the one carrier you are considering. The key is to shop around.
Becoming A Florida
Auto
Insurance Broker
To become a Florida Car Insurance Broker, you must meet the requirements of the Florida Department of Insurance. Brokers are required to take and pass a course and take the insurance exam. The way for a broker to build a portfolio is to market themselves to several carriers. Most brokers become agents for a company become establishing their own brokerage firm. Florida car insurance brokers may have their own agents as well.
Finding A Florida
Car Insurance Broker
There are so many Florida car insurance brokers doing business in the state of Florida, that it will be hard to just pick one. The most informative way to find car insurance broker is to shop around. Ask friends and family is they use a broker they are particularly happy with and would recommend. That is always a surefire way to choose one. The internet is, of course, going to give you the most choices. You may even hear advertisements on television or radio for brokers. The search for brokers will give you many options. Below are a few Florida car insurance brokers:
- Insure Smart – Miami
- Florida No-Fault Insurance Agency – Orlando
- Florida State Discount Insurance & Auto – Oakland Park
- Carlock & Associates Inc. – Cape Coral
Choosing A Florida
Car Insurance Broker
The examples given above are spread out throughout Florida. The key is to have a few to compare. It takes a while for a Florida car insurance broker to build a portfolio of business.
Insurance carriers are not going to allow just anyone to sell their products. So if a broker has an ample list of carriers, you can safely bet that the business has at least a fairly good reputation in Florida.
The best idea when looking for car insurance quotes today is to use a free online quote tool like the one at the top of this page. Return to the quote box above and get started finding Florida auto insurance now!