A man sits at a desk talking on a mobile phone, as he saves money working with an insurance broker

Shopping for home and car insurance can seem overwhelming. With so many different insurance companies to choose from and seemingly endless coverage options, you may not even know what type of policy you need, let alone how to find it. Working with a licensed insurance broker opens a pop-up with definition of insurance broker can make shopping for car insurance or home insurance a lot easier — and it can save you money, too.

Insurance brokers are independent, third-party professionals who can help you assess your risk levels and determine which coverage options will best protect your car or home. A broker works with a variety of different insurance providers and has the expertise and skills to help you compare quotes, prices, and coverages to find the policy that meets your needs and budget.

Insurance brokers have access to a wide variety of insurance products and get to know you on a personal level, saving you time and money when it's time to shop for home or car insurance.

If you're still wondering whether you should be working with an insurance broker, take note of a few ways a broker can save you money:

  1. Your broker will get to know you on a personal level. An insurance broker will take the time to get to know your unique lifestyle, circumstances, goals, and budget so they can find the best insurance coverage for you. They'll get to know your current risks and any risks you'll likely face in the future so they can provide customized recommendations for coverage. A broker may advise you to bundle your coverage or take advantage of home insurance and car insurance discounts to save money. Most insurance brokers also work close to home, so they typically have a good understanding of their community's needs.
  2. Brokers provide unbiased advice. Insurance brokers are independent representatives, so they don't have loyalty or preference for one insurance company over another. They likely work with at least five insurance companies, so they can easily compare different products to suit their clients. That means they base their recommendations on your personal needs and budget — not just on what's available from one insurance provider — so you'll get the best advice possible.
  3. Brokers have access to a wide variety of products and insurance providers. Working with a wide variety of insurance companies, brokers can compare the best coverage and compare multiple quotes, so you can conveniently shop around for the best deal. Insurance brokers can also bundle different insurance products to save you even more than you originally bargained for!
  4. They maintain open lines of communication. An insurance broker acts as your first line of communication with your insurance provider, so if you have any questions related to your coverage, need to make changes to your policy, or need to make a claim, they're there to help. Fast and effective communication means you can quickly get the coverage you need, and it can also help expedite the claims process, saving you time and money. Insurance brokers work hard to develop close relationships with their clients, so when you work with a broker, you have an industry professional who will look out for your budget and best interests.
  5. Insurance brokers are industry experts. Your broker is always aware of all the latest industry news and how it may affect your coverage needs. While you're not thinking about your insurance policies 24/7, your broker is working behind the scenes to make sure you have the best coverage possible and can provide you with additional insights on how to save extra cash and protect what matters most.

As the cost of living continues to rise and everything becomes more expensive, it's even more beneficial to use an insurance broker's expertise to save some as much as possible while getting the protection you need. There's no additional fee for an insurance broker's services on top of your regular premium, so working with a broker makes buying insurance a budget-friendly breeze.

Not currently working with an insurance broker? Find your group's broker today.

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