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How to Select an Auto Insurance Broker St. John's NL

Every state requires that you have at least liability (and sometimes full coverage) insurance coverage on your car. With the cost of auto insurance these days, it is hard to know if there is an insurance agent or insurance broker that you can trust. This guide will give you the lowdown on what to look for when shopping around for auto insurance quotes.

Steers Insurance Limited
(709) 722-1532
238 Torbay Road
St. John's, NL
 
Baine Johnston Insurance
(709) 576-1602
10 Fort William Place
St. John's, NL
 
AXA General Insurance
(709) 758-5650
35 Blackmarsh Road
St. John's, NL
 
Young Frances Financial Services
(709) 722-6160
20 Crosbie Place
St. John's, NL
 
Co-Operators
(709) 758-1193
32 Commonwealth Ave Mt Pearl
St. John's, NL
 
Action Insurance Services Inc
(709) 738-2228
446 Newfoundland Drive
St. John's, NL
 
Marsh Canada Limited
(709) 737-1625
900-100 New Gower Street
St. John's, NL
 
A Plus Insurance
(709) 754-6507
Ste 105 10 Austin
St. John's, NL
 
AON
(709) 739-1000
70 O'Leary Avenue
St. John's, NL
 
Marsh Canada Limited
(709) 737-1625
900-100 New Gower Street
St. John's, NL
 

How to Select an Auto Insurance Broker

Auto Insurance Agents

An auto insurance agent may be new to the insurance game. When you first get your license to sell insurance, it is usually as an agent. Later on, with experience and more classes, an insurance agent can become a broker, which will be discussed in the next section.
Auto insurance agents perform all the standard functions that you would expect from someone who sells insurance. They will give you car insurance rates in the form of a car insurance quote; they can sell you a policy and update the policy, and they will be also be the first person that you call should you have to invoke your policy for any reason (such as a traffic or parking ticket, accident, etc.).
An auto insurance agent writes a policy on behalf of the company they work for, the one who is doing the insuring. This is what differentiates them from a broker, who is writing the policy for the people they are actually insuring.

Auto Insurance Brokers

An auto insurance broker differs from an auto insurance agent in several ways. Exactly how much they differ depends on which state you happen to live in. While an auto insurance agent will write a policy for a customer on behalf of a broker, the broker will simply write a policy on behalf of the customer.
In other words, a broker is allowed to have agents working under them, and frequently, they will have their own auto insurance policy business. They are also more heavily regulated than an auto insurance agent would be, since they have a lot more responsibility than a mere agent.

Experience

There are a lot of people who are just starting out in the world of insurance agents. This does not necessarily mean weakness! Most agents work under one or more insurance brokers who have likely been in the business for a very long time. So, even if your potential insurance agent is wet behind the ears, he or she may still have vast amounts of experience and knowledge behind them to rely upon at all times.
It is advisable to either seek out an experienced agent, or one who works under an experienced agent. It is not hard at all to find out how much experience a broker or agency has; all you have to do is ask! In fact, many agents advertise how long they have been in business, simply because it is a sign of strength and knowledge.