How Is an Independent Agent Different?
As a consumer, you have the right to work with the best of any industry. Your business is what major corporations right over. They know that in order to succeed and grow, they need you as a customer. Within the insurance industry, there are two types of agents that are battling it out for your loyalty. The first agent is a captive agent and the second is called an independent agent. Both of them sell insurance, but only one can offer things that the other one cannot. Here is the difference between a captive and an independent insurance agent.
The Difference Means Everything to You
Having the right agent can mean the difference between the right policy and paying too much for service. Here are the differences between the two types of agents.
Understanding Captive Agents
A Captive agent is someone that is employed by an insurance company to sell their products. They are not allowed to quote other companies in an attempt to gain business. They can only sell that providers products. This means that they are experts at their own policies. They know what they can offer and what discounts they can give.
Captive agents are supported by the home agency. They have an office with that company’s name listed on the door. Their staff is usually provided by the insurance company. And they get new customers that use the company when they move into the area. Their pay is usually salary based with a commission as part of a bonus.
Knowing Independent Agents
Independent agents are more flexible than captive agents. They are insurance agents that are able to sell products from a wide range of insurance carriers. They can offer quotes from each company for the customer to compare. This is an advantage to the customer as they are often able to choose the cheapest policy with the best coverage.
As a consumer, you will have more options. You will be able to find a policy that best fits your needs and situation. Independent agents have to work harder to earn your business as they are not able to hide behind the reputation of a major carrier. You will find an independent agent is knowledgeable about what carriers can offer.
There is a lot to know when it comes to choosing an insurance policy. All of us at Kyle Insurance Group only want the best for you. We are able to help you find a policy to meet your needs. Call us today and let us help you find the protection that you need as a consumer. We can answer all of your questions that you may have about insurance and give you the best rate for your insurance choice.