Contents
- About car insurance
- Methods of obtaining car insurance
- Captive agent
- Independent agent
- Direct
- Benefits of Buying car insurance via an agent
- Personalized service
- An agent knows your area
- Cash payments
- Multi-policy discount
- Benefits of buying car insurance policy direct
- Fast online convenience car insurance
- Potential savings on car insurance
- Conclusion
About car insurance
After buying your dream car, you start worrying too much. You start questioning your driving skills, your horoscopes and what not. But none of it would do as much as buying car insurance would. Now, the question comes into your mind which agent to pick for this. Or if there is a need for an agent at all? Moreover, Life insurance vs mutual fund: Which is better to invest in?
Before you buy car insurance, you need to be completely aware of all the methods of obtaining car insurance. These methods have certain benefits associated with it. So, you need to weigh in all the attributes and also match your objective with these attributes before going for a certain way. Furthermore, learn what are the different types of insurance agents.
Methods of obtaining car insurance
There are, as of now, 3 ways to obtain car insurance. These are:
- Captive agent
- Individual agent
- Direct
Captive agent
These agents sell insurance schemes from one primary insurance carrier. Keep reading on 6 steps you need to follow to become an ICICI insurance agent. They are not sole proprietors & so they work directly for the insurance company. The main objective of the agent is to place business with one designated carrier. Learn how you can be an Insurance agent in India now. In addition to this, though the customer service centers are open all day long, yet the agent handles most of the client’s needs directly. Learn how to hire and retain young insurance agents.
Independent agent
An independent agent undertakes the responsibility of selling insurances of different carriers. Though these agents sell policies of primarily one carrier, yet they may choose other carriers if it benefits the client. Some of these insurance carriers also use independent agents that include Auto-Owners, Citizens and Hastings Mutual. In addition to this, though the customer service centers are open all day long, yet the agent handles most of the client’s needs directly. Keep yourself informed about Life insurance agents.
Direct
In this case, though, the insurance agent is not involved in the process. An individual does all the research and goes for one policy after deliberate consideration. After choosing the policy, all the relevant details are mentioned and hence the process is carried out with ease.
Benefits of Buying car insurance via an agent
Personalized service
If you buy insurance offline, then this is one of the most beneficial factors to do so. Isn’t it better to be connected to a single person while buying the insurance and develop a sense of trust instead of going for multiple customer representatives? In this day and age of digital era, it definitely serves as a breath of fresh air if you talk to an individual. The smiles and the positive attitude definitely spread out to you as well. Keep learning on insurance agency marketing: through direct and indirect contact. Learn how you can build your own insurance agency now.
An agent knows your area
If you use the services of a local agent, then this will become more relatable to you and him. An agent will tell you good shops in your locality that will complete the work in a hassle-free manner. Must read on the difference of Insurance broker and insurance agent.
Cash payments
Some localized companies still accept cash transactions. And though, there might be fewer people who want to avail this service, yet we can’t count them out.
Multi-policy discount
If you wish to buy many policies offline using the same agent, then you could avail a multi-policy discount. In this case, you can take car insurance, home insurance, life insurance, and whatnot. And eventually, it will benefit your pocket. This feature is not available in online policy purchases.
Benefits of buying car insurance policy direct
Fast online convenience car insurance
If you need car insurance in a hurry, then this is the best way to go for it. But what if you’re an insurance agent and need to sell your policies? Follow these simple steps to sell insurances online. This method is super fast and super convenient. We have another topic you might be interested in “which is better: Buying insurance online or through an agent“. Also, no matter where you are or what time is it, you can easily search for the best policy online. You don’t have to wait for a call back from an agent. Keep reading on Top 5 secrets an insurance agent won’t tell you.
Potential savings on car insurance
When a car insurance policy is bought online, then the individual has to pay a lot less than in the case of the agent. In addition to this, learn who makes more: an insurance agent or a mutual fund agent. As the agent charges commission on every insurance policy, so that charge is not present in this case. Must read on the insurance agent commission structure. Theoretically, you will get the commission in your pocket. Though you still have to do in-depth research on which is the cheapest carrier in your situation.
Conclusion
In the end, we would like to say that you choose a car insurance policy wisely. Furthermore, drive safe.
If you are looking for assistance in Insurance or other Investments, you must visit WealthBucket. The online site with the most variety of investment solutions. We offer easy and reliable investments in Equity Mutual Funds, Debt Mutual Funds, Income Funds. Just to name a few.
Call now at +91 9999379929. Or mail for your queries at contact@wealthbucket.in.
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