Auto insurance is a hot topic in today’s economy. With changing government regulations, promises of cheap premiums, confusing industry lingo, and stories of claims that weren’t settled, it can be difficult to know where to turn to protect what matters the most to you.
There are many different ways to source auto insurance these days, including online, direct from an insurer, or through a broker. When deciding which route to take when purchasing auto insurance for the first time, it’s important to understand what an insurance broker can do for you.
A broker does more than source the right policy for you, they become your trusted advisor, ensure you understand your policy and support and advocate for you if you ever need to make a claim.
Here are five reasons to go through a broker for auto insurance:
- Brokers put you first
The focus of an auto insurance broker is to find the right coverage for your needs – at the best price possible given your driving record, vehicle type and so on. Your broker will spend time understanding your unique needs and will find you coverage that will protect you in the event of a claim. Brokers will help you find ways to keep your premium down, and will look out for premium discounts you can take advantage of. When you work with a broker, they will take the time to explain the details of your policy, and what to do if you get in an accident. Whether you have a question about your premium, or need help on the side of the road, your broker is here for you.
- Brokers give you choice
Brokers do the shopping for you and they aren’t just focused on selling you one product. Many brokers have connections with the largest insurance companies in Canada. Some also have connections with insurance companies that the general public and even some brokers can’t access directly. When you work with a broker you get to choose from different coverage options, with different premium price points. Brokers know which companies offer discounts that apply to your driving history and lifestyle. Brokers do the legwork for you, and will provide you with options that you know will cover your needs.
- Brokers take the time to help you understand your coverage
Everyone needs insurance, but most people aren’t able to tell you the ins and outs of their policy. All policyholders need to understand what their policy covers to ensure they aren’t blindsided if an accident were to occur. Whether it’s helping you understand industry lingo, or walking you through deductibles and options, brokers take the time to help you understand exactly what is covered under your policy.
- Brokers will support you through a claim
A car accident can be an emotionally jarring time. If you secure your auto insurance through a broker, you know you have someone you know and trust that you can call. When you secure auto insurance directly from an insurer, you will call a call center and speak to an agent that you have no history or relationship with. Having a broker that you know and trust can make a stressful time a little easier. Your broker will walk you through every step of making a claim. They know what to do and will support and advocate for you when you need it the most.
- Brokers help protect you
Through years of industry experience, education and ongoing training, a licenced Registered Insurance Brokers of Ontario (RIBO) broker is always aware of what’s going on in the insurance industry. A broker is an expert at risk assessment and will educate you on how to avoid unnecessary and potentially costly claims and keep you safe.
Our experienced brokers are available to answer questions you have while purchasing automobile insurance and will provide you with a no obligation quote. Contact us today!