What is an Insurance Brokerage?
(And Why You Should Consider Working With One)
Two Questions We Get A Lot:
What is an insurance brokerage?
What does an Insurance Broker do?
We’re glad you asked!
Let’s break down what an insurance brokerage is and why you should consider working with one!
Insurance Broker VS Insurance Provider
What Is An Insurance Brokerage?
One important thing to point out is that Licensed Insurance Agents work at insurance companies and insurance brokerages. That’s about where the similarities end.
When you reach out to an insurance company, you’ll typically work with an Insurance Agent who is going to be representing that insurance company. This agent is limited in what they can offer based on the different types of coverages they write for and sell.
At Brookey Insurance Services, we represent YOU!
We work with our insurance partners to get you the right policy at the right price, regardless of which partner the policy is with. If one insurance partner is able to provide you with better coverage at a better rate, we’ll advise you to go with them, rather than another provider!
Do you want to contact a website or a random stranger when you need an insurance quote, new discount, or to file a claim?
Or would you rather have us do that for you and deliver the results?
"I will connect you to
best insurance Policy!"
When the customer signs a contract for an insurance policy with a carrier the agent represents, they’ll receive a commission on the policy from the insurance agency. This is true in almost all cases, but a broker that represents multiple providers isn’t motivated to suggest one policy or provider over another.
An independent insurance broker is essentially a middle person that represents the interests of both you and the insurance provider. They help the customer find the coverage they need, while negotiating rates with the companies in their network.
Did
You
Know?
Brokers are licensed by the state(s) in which they operate, and are required to represent their clients’ best interests.
This responsibility ensures that a broker will recommend the best insurance for their client, rather than to a particular company or to a specific policy.
Is An Insurance Broker Right For You?
Ask Yourself These Two Questions:
Would You Prefer Better Insurance Coverage?
Would You Prefer Lower Insurance Payments?
When working with an insurance brokerage, you are receiving representation rather than dealing with a representative of the insurance company. This keeps the power in your hands, and opens you up to better rates on the coverage you need.
When working with an insurance agent, you’re limited to the types of coverage that insurance companies offer. Whether that coverage is ample for you within your budget isn’t a factor that can easily be changed when only working with one company!
When using a brokerage, you get to shop with a variety of carriers and coverage options to ensure you have the right insurance policy at a budget that makes sense for you.
If you have policies with several different companies, you can communicate with each of their agents separately, or have one point of contact, one person to ask questions, and one place to make claims if a situation were to arise.
Save Time & Money Without Shopping Around!
How long would it take you to get multiple insurance quotes?
What it your time worth?
According to the folks at Money Geek, It can take anywhere from 20 minutes to a few hours to purchase car insurance. Now if you want to compare policies and rates of up to 10 insurance providers…
Not to mention the headache and frustration of calling each insurance company and speaking to commission-hungry salespeople. Once you collect the different quotes, the real work begins of comparing coverages, exemptions, deductibles, and premiums. It can be enough to confuse a mathematics professor!
When working with an Insurance Brokerage like Brookey Insurance Services, you can request a quote in as little as 5 minutes!
By providing us with the necessary information for your auto insurance, homeowners/renters insurance, RV insurance, ATV insurance, and more, you can receive a number of quotes from one of our insurance agents.
The best part is you don’t need to spend hours on the phone, or sift through the policies comparing coverage.
We’ll shop with the 10+ insurance carriers we’re partnered with to bring you a variety of quotes that we feel best cover your interests at the best rates!
Time To Renew?
When you work directly with your insurance company or agent, your insurance rates generally won’t change often, and they aren’t typically looking for new ways to save you money when renewal comes around.
When your renewal time comes around, our team will re-shop your rates with our partners to find ways to save you money on your insurance policy each month. By working with a variety of insurance carriers, we know when “Insurance Company ‘X’” can provide you with the same coverage at a lower rate than “Insurance company ‘Y’.”
This service is a great perk of working with an insurance brokerage that cares about their clients and works hard to keep them satisfied. This means that you can have confidence that you’re always getting the right coverage at the right price.
Use Established Relationships and Experience
The team here at Brookey Insurance Services spends their time building relationships with our carriers, updating their knowledge, and serving our clients every day. This is what you can expect from any local Brokerage.
Because we’re serving our community every day, we know which discounts are available, which carriers would be a great fit for you. We know the ways to save you money on your policy!
When a carrier comes out with a new discount, we’re the first to know, and we get to work on getting as many clients as possible to take advantage of it.
With 10+ insurance partners, we can use those relationships we’ve built over the past decade-plus to get you the right insurance at the right price.
How to Find a Reputable Insurance Broker
Check their Online Reviews
It’s all about Reviews, Reviews, Reviews!
When looking for an insurance broker that you can trust, check out their online reviews to get an idea of the experience other clients have received! Most busy people don’t go out of their way to leave a ‘happy’ review. So if a local insurance broker has more good reviews than bad, it’s a sign they are taking their clients interests to heart.
At Brookey Insurance Services, we have over 230 Google Reviews at an average rating of 4.8 stars! We’ve served thousands of clients since we opened our doors in 2008, and they have been happy to tell everyone about it!
What companies do they work with?
A big benefit of working with an insurance brokerage is that they have established relationships with a number of partners!
Does the brokerage work with 2 companies? 5 companies? 10 companies?
Does the brokerage work with reputable and well-known companies, or are they obscure, small insurance companies?
At Brookey Insurance, we are always working on adding more carriers to our network every year! But we don’t want to work with just anyone. The partners we work with are reputable, established, and professional companies that we have vetted before we allow them to serve the needs of our clients.
Ready to work with an insurance broker?
We Would Love To Help!
Our Independent Licensed Insurance Agents are ready to provide you with a fast, free insurance quote on the coverages you need!
Whether you need auto insurance, homeowners insurance, renters insurance, RV insurance, Boat Insurance, or ATV/Off-road insurance, we can provide you with a FREE no-strings-attached quote!
Our Team has 40+ years of experience in insurance serving Bonney Lake and the surrounding areas!
Need Another Reason To Work With Us?
OK, You might be thinking “Brookey Insurance Services sounds pretty good. But can they provide fast, comprehensive auto insurance quotes for FREE?”
Our services are FREE to you! Working with an insurance broker doesn’t come with an extra cost for us to shop on your behalf! We work on broker fees, which are paid as a commission to us for selling the policy on behalf of the insurance carrier.
Best of all it doesn’t cost you a dime to ask us your insurance questions, or see if we can save you money! Check out any of our Coverages Pages pages to see additional info.
