Difference Between An Insurance Broker and An Insurance Agent

An insurance broker does not work for any insurance company. They represent the customer, they help the customer to choose the perfect financial product and they also, help their customers by suggesting and advising which insurance company to pick and which financial product one should get. Their main motive is to support their customers or clients. 

On the other hand, an insurance agent represents the insurance company. They offer or sell financial products to customers and they can only represent one life insurance, one health insurance, and one maximum insurance at max.

As a customer, you can sue a broker if they are not able to give you what they promised they will. While you can not sue an agent, however, you can report them.

Though they both get paid by the insurance company, however, the brokers get a commission from the insurance company for setting their customers with that company's insurance policy whereas the agents get a commission for selling their insurance company's product.

You should definitely use a broker. An agent is helpful more regarding car insurance policies.

Do the customers really need their help?

Yes, you do. As a customer, you need the best guide and the brokers will provide you that and the agents will sell you your desired financial requirements.

Where to get the brokers from?

Usually, the insurance companies proffer their customers with the brokers with low rates because they are trained professionally to correctly estimate the risk and help the customers to select the best insurance policy that appropriately insures them.