Buying Insurance Online Vs Getting An Agent

Technological advancements have enabled us to lead a better and more comfortable life by offering us all of the world on a platter.

The internet is a wonderful place, you can buy anything you want and have it delivered to your doorstep in just minutes, but what about more serious topics like insurance?

Everyone needs insurance, whether it’s business, real estate, or car insurance, we cannot deny the fact that having an uninsured property is simply unfeasible in the long run. Nowadays, buying insurance online is an emerging trend and more people are attracted to convenience as opposed to conventional insurance purchases, and that’s why we have decided to explore it in today's article.

Read below as we compare the pros and cons of buying insurance online vs via agent.

How Does Buying Insurance Work and is it Safe?

As mentioned previously, buying insurance is simply more convenient and simply bypasses the time-consuming process of getting through the quoting process. With an online insurance marketplace, as soon as you enter your information, quotes fitting your needs are displayed and you won’t have to enter your information each time for each company that offers insurance

Online, you can get everything done in no more than 5 minutes and get a personalized quote fitting your needs. Furthermore, if you are wondering whether your data is secure, online insurance marketplaces use technology like SSL to keep the process completely safe and make sure that every information you enter is encrypted.

Making the Purchase Online

The process of buying insurance online is as simple as it gets and requires little to no work on your end. Companies like Brokerlink offer superior expertise in this field backed by their vast broker network working to satisfy your need with the best deals and promotions available on the market. 

People that have no prior experience in buying insurance, should always work with people that have their needs as a priority. Simply enter your information, and watch insurance experts at work.

Of course, you will constantly be in contact with your online insurance broker and you can inform them about your price range and your personal insurance policy preferences. Once the transactions are complete, you are officially insured and you can proceed with printing the documents.

Online Insurance Benefits

The benefits of buying insurance online are numerous. You are completely in control of the process and you can get coverage much faster than when you are working with an agent. In addition to that, you can select policies that are tailored to your needs and work with expert brokers that will ensure the best coverage is selected. 

Luckily, the cons of buying insurance online are very minor as they can be avoided very easily. Some online insurance marketplaces can sell your data and because of that, you will get bombarded with spam in your email account.

Also, be aware that some insurance companies will ask you to sign a waiver of liability which will release them from responsibility if you later find that the insurance isn’t suitable to your needs.

Buying Insurance with the Help of an Agent

As things stand, buying insurance through an agent is becoming more uncommon. The process is very time-consuming as you have to find the right time that works for both parties and then work together to input all your information so that you get your insurance quote.

After that is over, you will likely get an email with a copy of all the quotes fitting your needs. Just like with online insurance, the policy goes into effect as soon as the transaction is successful.

The Pros and Cons of Working with an Insurance Agent

Working with an insurance agent also has its pros and cons. The agents are experts in their field and will walk you through all the positives and negatives of certain insurance policies. You will also be notified by your insurance agent about possible renewals and better insurance deals.

On the other side of things, agents online work during business hours and it might be difficult to set up a meeting that will work for both of you and we all know how difficult it is to deal with serious topics over the phone. Furthermore, the process of buying insurance through an agent is significantly longer than buying online and you aren’t completely in control of the process. Some agents work closely with insurance companies and get a commission for each deal they bring in, which means that they will probably charge you a higher incentive.

Final Thoughts

Now that we have set on display all the pros and cons of these different methods of buying insurance, it’s up to you to choose which fits best for you. If you are looking to buy the proper coverage in no time, you probably want to go with the online option. On the other hand, if you have the time to slow down and sit with an insurance agent, make use of their one-on-one advice and let them guide you to the best insurance policy tailored to your needs.