People are often confused by the difference between an insurance agent versus an insurance broker. Who does what? Which one should I approach for my insurance needs?
Essentially, the primary difference between the two is the fact that an Insurance Broker works with a variety of Insurance Companies, while an agent works for only ONE Insurer.
Most of the time you'll find that Insurance Agents are actual employees of a particular Insurer. It is in your best interest to contact an Insurance Agent when you are set on an Insurer, as they will provide you with in-depth information concerning that specific insurance company.
Meanwhile, Insurance Brokers will shop around and find you the best deals for your needs, regardless of Insurer. They will contact numerous companies and find which Insurer offers the most benefits, while also saving you loads of money. Simply put, they work for YOU, not a company.
What most people don't know is that both Insurance Agents and Insurance Brokers do NOT charge a fee. They will provide all their services to you for free, while earning a commission from the Insurer.