In the insurance world there are different types of agents. There are Captive Agents and Independent Agents. Both agents sell insurance and different policies, however, only independent agents sell multiple carriers or insurance companies. Both types of insurance agents are great options. Let us help break down the differences so you decide which is best for you and your family.
Captive Agents are agents that are part of one insurance company. They work directly with the company and sell only that carriers’ policies. These agents are limited to selling you what their company sells.
Independent Agents are insurance agents that work with multiple carriers. They can sell a wide range and variety of policies. You have less limitations as to what kind of policies you can get. Some things that independent agents can do are:
- Shop around different carriers for you
- Get policies from different carriers all in one place
- Review your policies with other carriers periodically
- Can acquire some policies that captive agents do not sell within their company.
- Some offer Life as well as Health insurance
- Your personal advisor and consultant
Which is Better?
One isn’t really better than the other. Both types of agents can help with your insurance needs. It just depends on really if there is a certain company you are looking into or if you are wanting to shop around. Captive agents have the benefit of being very knowledgeable about the exact products their company sells. However, independent agents can shop around to different carriers for you as well as knowledgeable in insurance itself.
Looking for an insurance agent is personal. All agents are there to help guide you in the world of insurance to make sure you have the coverage you need.
Check out our interactive infographics to learn all about different insurance policies: Clickable Coverage – InsureCherokee