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Benefits of Using an Independent Insurance Agent

If you’re shopping for insurance, you typically have three options for getting coverage. You can purchase a policy directly from an insurance company, a captive agent, or an independent agent. Working with an independent agent such as Florida Best Quote Insurance can provide a variety of benefits.

Learn more about independent agents and why this might be the right option for you.

What is an independent insurance agent?

The main difference between independent and captive agents is that independent agents work with various insurance companies to offer a suite of insurance products. Captive agents work with just one company to meet the clients’ needs, so they sell products from only their company.

You typically don’t pay an independent insurance agent anything for their help in finding a policy. Instead, they make their money through commissions from insurers when you purchase a policy. They may also receive a commission if you renew a policy or when a policy premium increases.

How many independent agents are there in the United States?

According to the most recent data from the 2020 Agency Universe Study, which is produced by the Independent Insurance Agents & Brokers of America Inc. (IIABA), there are approximately 36,000 independent insurance agencies across the country.

Why should I work with an independent agent?

Now that you know a bit more about independent agents, you may be wondering about the benefits of using one. Here are a few:

  • Multiple quote options—When you work with an independent agent, you will likely have more quotes to compare as the agent can gather quotes from multiple insurance companies. This can save you valuable time and money as the agent does the shopping around for you. ​​

  • Personalized service—Typically, independent agents are much smaller than insurance companies, and even captive agents in some cases. This means that you will likely work with the same agent throughout your experience, allowing you to build your relationship. When you have a relationship with your agent, you’re also more likely to receive better, more customized customer service. Your agent will know when your policy is up for renewal and can work with you to meet your specific insurance needs. ​

  • Cost-savings—Independent agents work on commission, which means they want to keep your business. While it may seem counterintuitive, independent agents will work hard to find the best-priced policies to help keep you happy with their services to retain customers. Plus, because agents generally present quotes from multiple insurers, you may be seeing the best possible rates available to you. ​

If you’re ready to experience these benefits—and more—don’t wait any longer. Give the team at Florida Best Quote Insurance a call today at 727-755-0072. Our independent insurance agency is ready to help you find the policies you need to ensure you’re adequately protected.

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